Spanish banks' bad loans amount to 18-year maximum

Note: This section contains information in English only.
Source: Reuters
The Bank of Spain announced that bad loans in Spanish banks increased to 8.37 percent of their outstanding loans. Independent auditors will be assigned to assess the situation and calm down the investors. Bad loans are expected to rise and according to some analysts might reach 15 percent of all loans. Distressed banks and highly indebted economy are the two main problems which, investors believe, should be tackled in order to avoid a bailout.

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