Spanish Banks – IMF Report
Spain’s 2011 GDP as estimated by the IMF was U.S.$1.5 trillion
By Ian R. Campbell —— Bio and Archives--April 26, 2012
Canadian News, Opinion | Comments | Back To Full Article
An April 25 article reports that a recent IMF overview of Spain’s financial system has said the Spanish banking system “remains vulnerable” and needs:
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- a capital infusion; and,
- a strategy to ‘quickly clear away’ a collapsing property bubble legacy, where bad debts have now reached U.S.$185 billion.
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