Legal tip 764. 70% Strong Spanish Banks
Tuesday, May 22, 2012 @ 1:33 PM
IMF is publishing a report within the first two couples of June where it sttaes that Spanish Banks are 70% strong.
This report explains that our financial entities are safe even if the GDP fell a 4%
Just nacionalized BANKIA was the half of the other 30% which would need capital reinforcement.
No bad news at all! Let´s hope IMF is accurate this time!
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"Cartaya", Huelva, Spain, by Manuel M. Ramos, at flickr.com