Do not keep dry finish. On the contrary, since the turmoil began in Greece, returned mistrust and markets were closed for liquidity. Nobody pays anyone because they have reason to believe that hidden problems, or failed investments. French and German banks hold most of the Greek debt, but most investors are suspicious for Spanish banks by assets (loans and houses) that are on their balance sheets. The drought threatens to shut down interbank lending to banks and therefore companies, which would paralyze the economy. Although Spain is reducing its dependency rate on foreign credit, you still need that foreigners will pay 5% of what businesses demand.
To break this situation, the Spanish government asked the EU to accelerate the publication of resistance testing or stress testing of banks. These calculations show how to support the capital and solvency of a bank an adverse macroeconomic scenario. Read the rest of this entry »