Summary Box: Spain to present new bank measures

AP News

5/7/2012 11:13:07 AM - AP News

BANK BOOST: Spain's prime minister said Monday the government will likely present this week new measures to help banks, a key source of worry over whether the country might need a financial bailout.

HOUSING COLLAPSE: Spain's real estate bubble burst in 2008, saddling banks many bad loans as unemployment rose and people could not pay their mortgages. The Bank of Spain says the sector has about (EURO)175 billion ($230 billion) in "problematic" holdings.

STORM CENTER: Spain is at the center of Europe's debt crisis with investors concerned about its ability to push through reforms WITH unemployment above 24 percent.