Spain's BBVA is considering whether to go ahead with its bid for Sabadell after conditions imposed by the Spanish government on the deal and will reassess the impact on its estimated cost savings, the bank's country manager for Spain said on Wednesday.

Spain’s government imposed additional conditions on BBVA SA’s planned takeover of Banco Sabadell SA, in another setback to the €14 billion ($16 billion) deal more than a year after it was first proposed.

Spain's Economy Minister Carlos Cuerpo discusses the country's defense spending plans as NATO leaders meet in The Hague for a summit expected to endorse the new investment targets. He tells Bloomberg Television that Spain has estimated what it needs to spend and that this amounts to 2.