Tag Archives: New Credit To Households Down 80%

Mish/ Mike Shedlock – Spain Potpourri : Official Denials From Finance Minister; More Nationalizations Coming Up; Banks Use ECB Money Toe Refinance Large Enterprises In Dire Shape, New Credit To Households Down 80% – 16 May 2012

Official Denials From Finance Minister

Finance Minister Says “Nothing to Hide” Asks for ECB Audit of Banks, Denies Need for Rescue Fund

The Economy Minister Luis de Guindos, said Tuesday it has asked the European Central Bank (ECB) to assist in the independent audit of the Spanish banks’ balance sheets and is committed to full throttle work as has asked the Eurogroup, in order to have results within two months. Continue reading