Reply To: Spain – The Hole in Europe´s Balance Sheet



if you are right and despite a million or more unsold properties, and little sign of increased demand or confidence, the banks can come out of this ok, then great. If those zombie loans will keep flooding out, so the developers can pay back some interest (and those they’ve cheated), start shifting property, the banks honour their BG’s, sell off all aquired bad debt assets, and get back in good shape.

hard to swallow I think?