According to the Bk of Spain 9.86% of all the debt in Spain’s banks is in arrears and may never be paid, the highest %age since records began in 1962.
Results of EU stress tests on Spain’s banks are due to be published on the 28th of this month and some analysts are predicting that the country will need up to Eur 60 billion immediately.
Looks like a heap more pressure on PM Rajoy and his efforts to avoid asking for international aid.
More….. UK’s Independent
