Spain Bad Bank Seen Too Big to Work With $117 Billion

Spain Bad Bank Seen Too Big to Work With $117 Billion

Angel Navarrete/Bloomberg

Spain’s efforts to sell as much as 90 billion euros ($117 billion) of toxic property assets it uses to create a bad bank from lenders that take state aid will be mconstrained by the size and inability to provide credit to potential buyers, adding to the risk of taxpayer losses.