Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Spain to ‘deep clean’ it’s financial sector. › Re: Re: Spain to ‘deep clean’ it’s financial sector.
The ‘bad bank’ plan, not yet confirmed involves all banks being forced to dump their entire non performing real estate holdings into this bank. The government will then pay these banks a minute percentage of their worth as compensation. My best guess is it will be conditional for receiving state aid from ESF.
It’s all currently speculation because nothing has been announced but it is being considered..