Sunday, Apr 22, 2012

Here We Go!

Zero Hedge: Spain is About to Enter a Full-Scale Collapse

Spain is about to enter a full-scale Crisis. A few facts about Spain:
• Total Spanish banking loans are equal to 170% of Spanish GDP.
• Troubled loans at Spanish Banks just hit an 18-year high.
• Spanish Banks are drawing a record €316.3 billion from the ECB (up from €169.2 billion in February).
Things have gotten so bad that Spanish citizens are pulling their money out of Spain en masse: €65 billion left the Spanish banking system in March 2011 alone.

Posted by magnaman @ 10:07 PM (477 views) Add Comment

2 Comments

1. fubar said...

Why is zero hedge always so gleedful at the prospect of unending human misery?

Monday, April 23, 2012 08:04PM Report Comment
 

2. hpwatcher said...

headline should be...''euro bank to print more money''

Monday, April 23, 2012 10:08PM Report Comment
 

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