FT: Spain sees EUR 50 bln in new bank provisions

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  • Equals 4% of GDP
  • Spain considered “bad bank” but opts for further consolidation of cajas
  • Process will take several years to unfold

Bottom line: Look for credit to remain constrained in Spain as the banking sector continues to shed bad real estate assets.

Full story here.

3 Comments

  1. Hi JC, my platform showing very light SPX volumes, not sure if they are “real” volumes or not – be interested in your views, if this is the case? Thx

  2. Volumes have been light for months…Sounds about right to me…

  3. hi,it should be a small ‘s’PAIN?

    think there is still alot of hidden PAIN in the EU.
    they should just let the euro weaken instead of trying to support it to increase their PAIN?

    euro should read 1.20-1.22 soon.

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