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Spanish banks and the economy catch a break as EU officials waive a condition of last summer's...

Spanish banks and the economy catch a break as EU officials waive a condition of last summer's bailouts which would have forced another wave of loan-loss set-asides. Officials say Spain should be allowed to have the same risk controls as the rest of the EU. In truth, the last thing the economy needs is even more credit tightening.
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Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    well that fixes it.....if you canĀ“t do it..just change the requirement...all better now...
    11 Feb 2013, 07:46 AM Reply Like
  • stocknerd
    , contributor
    Comments (1282) | Send Message
     
    I have been in Spain for the last month. Yes, there are houses for sale and rent but NO deals. The Spanish, god love their souls, go to work at 10 a.m. work till 12:30 take a 3 hour lunch break and return to work to 6, 7 or maybe 8. They have not given up their cars. Parking is nonexistent in large cities. They still smoke a pack a day at $6 a pack and gasoline is $8 a gallon. The country is held together with smoke and mirrors. Wine is good and cheap.
    11 Feb 2013, 09:58 AM Reply Like
  • milehr
    , contributor
    Comments (519) | Send Message
     
    Tightening credit will hurt, loosening credit will kill.
    11 Feb 2013, 10:11 AM Reply Like
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