Spain's incoming prime minister, Mariano Rajoy, is reportedly mulling plans to clean up the banking sector, such as creating a state-funded "bad bank" to buy toxic assets or forcing banks to push up their loan-loss reserves.
Citing persons close to situation, The Wall Street Journal reported that the plans would be much costlier than prior efforts by the government.
Analysts estimate the new plans could cost the government as much as €100 billion ($134 billion), which raises concerns of pushing the government's financing to the breaking point, the newspaper said.
One person close to the situation said Rajoy's team is studying the possibility of paying for capital injections with the country's €6.59 billion deposit guarantee fund, which is financed by bank contributions
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