Spain to announce bank reform plans

It is likely to force the banks to set aside extra money, in the region of 30bn euros ($39bn; £24bn), to cover the cost of loans going bad.
The weekly cabinet meeting is also expected to approve a plan to force banks to put bad property loans into separate companies.
Earlier in the week, the Spanish government took a 45% stake in Bankia.
It had already forced banks to make provisions of 54bn euros to cover bad loans.
"The big question is whether the Spanish state can afford on its own to put into these banks the sort of read more