Spain Weighs Home Demolitions as Wrecking Crews on Alert

``Spain set up Sareb last year to absorb the souring real estate assets of eight lenders including the Bankia (BKIA) group that took a combined 41 billion euros of state aid as the government sought European funds to help clean up its banking system. Sareb has taken on about 200,000 assets. This includes 107,000 properties, 76,000 of which are empty homes, Economy Minister Luis de Guindos told Congress in March. The bad bank plans to sell assets with a value of 1.5 billion euros ($2 billion) this year, he said''