The bad loan ratio of Spanish banks hits a new record

More grim economic news from Spain. The bad loan ratio of Spanish banks hits a new record as people struggle to make repayments in the recession-hit country.

Now the Bank of Spain says that non-performing loans in August rose to over one-hundred eighty billion euros. That's over twelve percent of all the credit extended by Spanish banks. The bad loan ratio has been steadily climbing in recent months as households and small businesses struggle with their debts. Madrid has so far withdrawn...

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From: PressTV Videos

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From: TFC Title Loans

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