Tagged: Debt

Spanish Banks hiding almost $70 Billion Bad Assets: EI Confidencial

Spanish Banks hiding almost $70 Billion Bad Assets: EI Confidencial

Bloomberg says "Spanish banks have 50 billion euros ($70.7 billion) in unrecognised problematic real estate assets, El Confidencial reported, citing a report by the Boston Consulting Group. The consulting group estimates that Spanish banks...

Austerity Measures Backfire in Greece

The austerity measures that were supposed to fix Greece’s problems are dragging down the country’s economy. Stores are closing, tax revenues are falling and unemployment has hit an unbelievable 70 percent in some places....

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