Spain is reluctant to create a state-backed bank to hold toxic real estate assets from a burst housing bubble while it fights to bring down its deficit, preferring individual institutions to shoulder the risk. But the government will come under increasing pressure to underwrite a capital shortfall in its financial system in a country struggling to emerge from recession and with little sign of private investor interest in its sell-off of regional banks. Spain, the euro zone’s fourth biggest economy, is desperate to avoid taking on more debt as it seeks to distance itself from fellow euro z http://angelpolitics.com/2018/02/spain-shies-away-from-irish-style-bad-bank/