File - In this Feb. 3, 2012 file photo, Spain's Economy Minister 

File - In this Feb. 3, 2012 file photo, Spain's Economy Minister Luis de Guindos pauses during a news conference at the Moncloa Palace in Madrid. Spain’s government Friday Aug. 31, 2012 approved a major new financial sector reform that creates a "bad bank" to contain toxic property investments and gives the central bank more powers to shut down troubled lenders. The royal decree reform is the fifth such package Spain has introduced since the economic crisis began in 2008. De Guindos said the new entity would be controlled by the central bank but would be semi-private. He said it would be operational before the end of November. (AP Photo/Paul White, File)
Associated Press
File - In this Feb. 3, 2012 file photo, Spain's Economy Minister Luis de Guindos pauses during a news conference at the Moncloa Palace in Madrid. Spain’s government Friday Aug. 31, 2012 approved a major new financial sector reform that creates a "bad bank" to contain toxic property investments and gives the central bank more powers to shut down troubled lenders. The royal decree reform is the fifth such package Spain has introduced since the economic crisis began in 2008. De Guindos said the new entity would be controlled by the central bank but would be semi-private. He said it would be operational before the end of November. (AP Photo/Paul White, File)
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