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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
Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
Wall Street Journal 04.14.2015
Loan Growth Suffers at Spanish Banks
Wall Street Journal 11.13.2015
Small and Medium Businesses Suffer as Spain Bank Loans Shrivel
New York Times 05.26.2012
Spain's Economy Shows Fresh Strain
Wall Street Journal 05.30.2012
EU: Spain Banks Will Be Monitored
Wall Street Journal 06.11.2012
Spain's Handling of Bankia Repeats a Pattern of Denial
Wall Street Journal 06.11.2012
Wall Street Journal 06.19.2012
Spanish Woes Cast Rescue in New Light
Wall Street Journal 06.20.2012
Spanish Official: Slow Reaction to Crisis
Wall Street Journal 07.18.2012
Spain Economy Shows More Strains
Wall Street Journal 07.19.2012
Spain Needs $76 Billion to Recapitalize Its Banks, Audit Finds
New York Times 09.28.2012
Spain Buries Itself In Unpaid Bills
Wall Street Journal 12.28.2012
What Spain owes the ejected Mariano Rajoy
The Economist 06.11.2018
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