17.10.2008 - Spain's property crisis hits banks

From Propertyweek.com: The prediction by José Luis Rodríguez Zapatero, the Spanish prime minister, of mergers among the country’s weaker banks merely brought into the public domain a looming reality accepted months ago in private by Spanish bankers. 'When there’s a time of grave crisis like this, it’s likely that there will be merger situations and restructurings not only in Spain but in other countries as well,' Zapatero told parliament..... Full Article: Source

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