Another night of poor European data, firstly with Spanish bank bad loans hitting yet another new record:
Read more: http://www.macrobusiness.com.au/2012/11/europe-has-a-bad-night/
Spanish banks, awaiting the first payments from a 100 billion-euro ($127 billion) European credit line, saw bad loans hit a new high in September, new data showed on Monday.
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Bank of Spain data showed banks’ bad loans stood at 10.7 percent of their outstanding portfolios in September, the highest level on record and up from 10.5 percent a month earlier.
Loans that fell into arrears increased by 3.5 billion euros from August, reaching 182.2 billion euros in September.
Read more: http://www.macrobusiness.com.au/2012/11/europe-has-a-bad-night/
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