Credit availability to hit bottom in 2014

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 5 months ago.

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  • #57677
    Profile photo of SPI News
    SPI News
    Participant

    According to the ‘Troika’ (the European Commission, the IMF and the European Central Bank) lending to Small & Medium Enterprises (SMEs) and households in Spain will reach its lowest level in 2014. From this point credit, especially from those banks which haven’t needed recapitalization, will gradually become more available.

    Since the crisis took hold in Spain the availability of finance has become scarce and this has hit SMEs particularly hard. In the last year the availability of credit to the private sector has dropped 12% compared to a 14% rise in availability to the public sector.

    The contraction of credit in Spain is not only due to a lack of supply, demand has also fallen as both business and households attempt to deleverage. Other influential factors are the government’s policies of austerity and the growing rate of defaults on debts.


    Credit is set to become more freely available
    in Spain from 2014

  • #117618
    Profile photo of Anonymous
    Anonymous
    Participant

    “In the last year the availability of credit to the private sector has dropped 12% compared to a 14% rise in availability to the public sector”

    The biggest Spanish problem is the public sector and more lending to them ?. The public sector is inefficient do not generate wealth for the Country.

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