Tuesday, February 22, 2011

The New Math of Modern Banking

46% of loans are non-performing. This is not "problematic", because ??

I guess because it is real-estate loans, or real-estate only. Or, it's the new math of banking.

Anyway, the bottom line: 100 billion euros is the size of the "workout" to be had in Spain, give or take X billion.

Have a nice day!

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