Concerns also escalated about Spanish banks after Spain’s economy minister told the Financial Times that they will have to set aside as much as 50 billion euros ($65 billion), which amounts to 4% of Spain’s gross domestic product, in extra provisions on bad property assets.
Bad property assets???? Remember spain had housing bubble until last year just like what we have now ....
Bad property assets???? Remember spain had housing bubble until last year just like what we have now ....
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