Spain's Finance Minister Says Troubled Banks Have Value If Cleaned Up

July 23, 2012 7:36 AM EDT
The Spanish Finance Minister is making some headlines Monday morning:
  • troubled Spanish banks have value if they are cleaned up
  • the country won't be able out because its competitive
  • "bad bank" funds will be the second source of founds for the sector
  • the bad bank wasn't an option before because Spain had no funds

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