Relevant:
- Bundesbank says Italian and Spanish banks still hooked on home state debt -- Telegraph Blogs
- "As If Nothing Matters" - Kunstler
- Spanish ‘Robin Hood of the Banks' to RT: We'll create different world with our own rules
- Spanish Savings Banks May Be Concealing Mortgage Losses, CreditSights Says
- ECB investigating if loans made to Spanish banks contravened rules
2012-03-12 — www.smetimes.in
"Spanish banks that voluntarily sign on to a newly approved code of good practices will be required to restructure the mortgage debts of certain distressed borrowers and is some extreme cases repossess properties and write off the debt."
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