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Spain's bank bad loans hit record high

2012-08-17 1 Dailymotion

The number of so-called bad loans - that is those that are unlikely to ever be repaid - held by Spanish banks rose to a record high in June.<br /><br />The loans that fell into arrears increased by 8.4 euros. The total is now close to 164.4 billion euros.<br /><br />The problem has been steadily increasing since a decade-long property boom ended four years ago.<br /><br />...<br />http://www.euronews.net/

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