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mattyfc

Spanish Default Rates Rocket

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http://translate.google.co.uk/translate?hl=en&sl=es&u=http://www.cotizalia.com/&ei=OACsTdzGHJGp8APW6o25Ag&sa=X&oi=translate&ct=result&resnum=1&ved=0CCsQ7gEwAA&prev=/search%3Fq%3DCotizalia%26hl%3Den%26pwst%3D1%26biw%3D1280%26bih%3D884%26prmd%3Divns

Translated from Spanish:

Doubtful loans stood at 112.458 million euros, representing a rise of more than 1,700 million compared to January and some 14,200 million compared to February 2010. An additional number of credit institutions, which in February reached a default of 9.63%, the rate of the sector stood at 6.11%.

This data is from February before the ECB raised interest rates which will only add more pain for the 90%+ Spanish mortgages on variable rate and the banks.

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http://translate.google.co.uk/translate?hl=en&sl=es&u=http://www.cotizalia.com/&ei=OACsTdzGHJGp8APW6o25Ag&sa=X&oi=translate&ct=result&resnum=1&ved=0CCsQ7gEwAA&prev=/search%3Fq%3DCotizalia%26hl%3Den%26pwst%3D1%26biw%3D1280%26bih%3D884%26prmd%3Divns

Translated from Spanish:

This data is from February before the ECB raised interest rates which will only add more pain for the 90%+ Spanish mortgages on variable rate and the banks.

Hah hah, am I correct in thinking that the Spanish banks have recently been forced to mark to market their bank repos a little more stringently than they once did?

And now their bad debt rate has shot up. Quel surprise……….

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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