Spain: Extensive real estate adjustment poses threat on banks’ balance sheets
Spain: Extensive real estate adjustment poses threat on banks’ balance sheets
Global & Regional Focus Notes
23 Σεπτεμβρίου 2011
• Further correction in the real estate sector is expected to keep exerting pressure on the Spanish financial system.
• Sovereign debt tensions and uncertainty over the final cost of banks restructuring to the state create a negative feedback loop.
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