- Credit is needed to encourage entrepreneurs to invest
- Spanish banks are carrying assets at inflated values
- Must take bad assets off bank’s books
- No country matched Spain’s job creation during the boom
- Spain’s policy should avoid worsening the recession
- Spain has to tackle tax evasion to raise revenue
- Public workers must change their values
- Bank asset segregation will depend on memorandum
- mechanism for bad assets will be a topic of talks with the EU
Bloomberg reporting
