hangover from the effects of a near-decade building boom that
ended in 2008 leaving lenders saddled with around 300 billion
euros ($374 billion) in loans to housebuilders, equivalent to
nearly one third of the country's gross domestic product.
Friday, June 8, 2012
TIMELINE-Spain's banking crisis
MADRID, June 8 (Reuters) - Spain's banks are suffering a
hangover from the effects of a near-decade building boom that
ended in 2008 leaving lenders saddled with around 300 billion
euros ($374 billion) in loans to housebuilders, equivalent to
nearly one third of the country's gross domestic product. 
hangover from the effects of a near-decade building boom that
ended in 2008 leaving lenders saddled with around 300 billion
euros ($374 billion) in loans to housebuilders, equivalent to
nearly one third of the country's gross domestic product.
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