[2560] Scary quote of the day
Posted in Economics on June 18th, 2012 1 Comment »
…consider the grim fact that even €100 billion may not be enough to put Spain’s banks back on their feet, as they could easily face losses of perhaps three times that amount: Real-estate loans amount to €298 billion, construction credit to €98 billion, mortgages to €656 billion and other loans for families and firms to €683 billion. Assuming a 50% [...]
