Tag Archives: spain

Spanish banks have about €180bn of problematic property loans on their balance sheets, which were made during Spain’s decade-long housing bubble.
The government hopes that by forcing further provisions, the country’s banks will be able to write down property asset prices to levels where they can then be sold, restarting the country’s stagnant real estate market and freeing up banks to be able to lend to the wider economy.”

And this old chestnut:

“The important thing is to get to a level of provisions where property assets become liquid, whether you can write them off, sell them or put them in a bad bank,” said Iñigo Vega, a banks analyst at CA Cheuvreux. “That will be the turning point, as you can then take the assets from the balance sheets of the banks.”

Spain Finalises Bank Recapitalisation Plan (Financial Times)

(CNN) — The future residents of a new Spanish neighborhood say they are the first in the world to name their street after the Super Mario video game character.

Onlookers sporting fake black mustaches cheered. A Mario mascot danced. And a violin and cello duet performed the catchy theme song from the popular Nintendo game as the suburb in Zaragoza, northeast Spain, unveiled “Avenida de Super Mario Bros” Saturday.

But the cartoon plumber character, who turns 25 this year, isn’t the only one who will be honored by residents of Arcosur, which is still under construction.

Other planned roads in the neighborhood include streets named for “Sonic the Hedgehog,” “Space Invaders” and “The Legend of Zelda.”

Pong Crescent does have a certain ring to it.

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