Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: Weekend Economists Stamp Out Ignorance December 27-29, 2013 [View all]xchrom
(108,903 posts)47. Spanish firms obtaining more loans from overseas investors
http://elpais.com/elpais/2013/12/26/inenglish/1388061929_981028.html
Successive financial reforms, a European bailout and the recapitalization of Spain's banks have all failed to reanimate the credit sector of Spain's economy. But recent figures issued by the Bank of Spain show that the number of loans to the country from overseas are higher than at the outset of the crisis.
One of every three euros loaned to Spanish companies originates from abroad, according to the figures released for October. When the economic meltdown started in 2008, Spanish banks accounted for 76.2 percent of all loans to domestic firms; five and a half years later, financing from overseas has risen to 33.2 percent, a record figure in the bank's historical series.
International credit lines to non-financial Spanish entities stand at 331 billion euros, according to the Bank of Spain, more than four billion euros up on the figure at the end of 2012.
Successive financial reforms, a European bailout and the recapitalization of Spain's banks have all failed to reanimate the credit sector of Spain's economy. But recent figures issued by the Bank of Spain show that the number of loans to the country from overseas are higher than at the outset of the crisis.
One of every three euros loaned to Spanish companies originates from abroad, according to the figures released for October. When the economic meltdown started in 2008, Spanish banks accounted for 76.2 percent of all loans to domestic firms; five and a half years later, financing from overseas has risen to 33.2 percent, a record figure in the bank's historical series.
International credit lines to non-financial Spanish entities stand at 331 billion euros, according to the Bank of Spain, more than four billion euros up on the figure at the end of 2012.
Edit history
Please sign in to view edit histories.
85 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Homeless Couple Gets A Home On Christmas Eve, Thanks To Innovative ‘Occupy’ Group
Demeter
Dec 2013
#5
THE PRIVATE SECTOR HAS A BAD MONTH: The Invisible Hand Is All Thumbs By Charles P. Pierce
Demeter
Dec 2013
#14
A Letter to Socialists, By Gustave de Molinari (Economics, Politics, and a Letter!)
Demeter
Dec 2013
#39
Is NSA Screwing the Pooch? - TTG from Sic Semper Tyrannis (A Committee of Correspondence)
Demeter
Dec 2013
#41