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Europe’s credit crunch: Mend the money machine
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The impact of the housing bubble related banking crisis on small and medium sized business in Spain
02/25/2010
About 60% of the economy and 80% of the jobs in Spain are with small and medium sized business. The consolidation of banks is leading to loss of local contact. The need to build capital reserves to cover bad loan losses means banks are calling in loans to these businesses. This is happening in smaller towns and cities across Spain, and will worsen the already high 25% unemplyment rate. The credit squeeze is hurting the recovery.
Grouped Articles
Europe’s credit crunch: Mend the money machine
Economist 05/16/2013
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
For Some in Europe, High Lending Rates Hamper Recovery
New York Times 05/12/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Spanish Loan Data Suggests Modest Recovery
Wall Street Journal 10/25/2014
In Spain, Banks Find Dry Lending Landscape
Wall Street Journal 12/04/2014
The impact of higher interest rates of about 6% on small and medium sized businesses in Italy and Spain in 2012-2014
05/16/2013
Banks in Italy are paying much higher interest rates to borrow than French or German banks leading to higher rates for small and medium sized businesses in Italy. In Italy these businesses employ about 80% of workers, in Spain which faces a similar situation the figure is about 67%. The credit squeeze is hurting the recovery.
Grouped Articles
Europe’s credit crunch: Mend the money machine
Economist 05/16/2013
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
For Some in Europe, High Lending Rates Hamper Recovery
New York Times 05/12/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
In Spain, Banks Find Dry Lending Landscape
Wall Street Journal 12/04/2014
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