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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 764. 70% Strong Spanish Banks
22 May 2012 @ 13:33

IMF is publishing a report within the first two couples of June where it sttaes that Spanish Banks are 70% strong.

This report explains that our financial entities are safe even if the GDP fell a 4%

Just nacionalized BANKIA was the half of the other 30% which would need capital reinforcement.

No bad news at all! Let´s hope IMF is accurate this time!

Cartaya

"Cartaya", Huelva, Spain, by Manuel M. Ramos, at flickr.com



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