Years after Crisis Was “Solved”… Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It)
By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Europe’s banking authorities are finally beginning to pile pressure on poorly performing banks to clean up their books, something that should have happened a long, long time ago. But as is often the case with European banking regulation, there’s an elevated risk of unintended consequences. If … Read more