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Old 12th Jun 2012, 08:38
  #1441 (permalink)  
Join Date: Jan 2001
Location: Clarty Waters, UK
Age: 54
Posts: 906
Originally Posted by hellsbrink View Post
I think all the details of the "review" of the state of the Spanish banks isn't supposed to come out for another fortnight, but estimates have been running to the whole 100 billion just to prop the banks up.
My observation is that bad debt is a bit like an iceberg - most of it isn't immediately evident. I suspect that 100 billion will actually turn out to be a conservative estimate.......
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