Spain Coaxes Banks to Merge in Industry Overhaul

Spain Coaxes Banks to Merge in Industry Overhaul Play

Feb. 3 (Bloomberg) -- Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago. David Tweed reports on Bloomberg Television's "Countdown."

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