The European Commission on Sunday welcomed Spain\'s reforms forcing banks to set up a new 30 billion euro ($39 billion) financial cushion and to remove risky property assets from their accounts. \"I welcome the measures announced on Friday by the Spanish authorities to further reform the banking sector,\" said EU economy commissioner Olli Rehn. \"A prompt and profound reform of the banking sector is a cornerstone of Spain\'s crisis response and its overall reform strategy.\"