Spanish Banking a Real Conundrum

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      This is good news apparently, according to Bank of Spain, Spanish Banks could cope with losses of 161 billion euros on soured loans if the economy contracted again in the next 2 years but they must bulk up their capital, wow, looks a pretty big number. Then again Spain’s largest Bank Santander is in trouble again as it has fallen woefully short of it’s Chairman’s growth targets, something to do with their buying bank of Shanghai 🙄

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