{"id":3940,"date":"2012-06-01T01:20:32","date_gmt":"2012-05-31T23:20:32","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=3940"},"modified":"2012-06-01T01:20:32","modified_gmt":"2012-05-31T23:20:32","slug":"spain%e2%80%99s-banking-rescue-should-become-example-for-europe","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/spain%e2%80%99s-banking-rescue-should-become-example-for-europe\/","title":{"rendered":"Spain\u2019s Banking Rescue Should Become Example for Europe"},"content":{"rendered":"<p>Europe\u2019s leaders can\u2019t save their currency union without figuring out a way to salvage the region\u2019s banks. Spain is a perfect place to start.<\/p>\n<p>Perhaps no country better illustrates the mutually reinforcing links among the euro area\u2019s banking, sovereign-debt and economic crises than Spain. Its banks are largely paralyzed amid concerns about heavy losses on real estate loans that, by various estimates, could require as much as 120 billion euros ($150 billion) in fresh capital to offset. Tight bank credit has in turn deepened the country\u2019s economic slump, increasing banks\u2019 potential losses and fueling fears that bailout costs will overwhelm the Spanish government\u2019s already stretched finances. The longer the situation lasts, the worse it gets: Nervous investors pushed Spain\u2019s 10-year borrowing rate as high as 6.7 percent Wednesday, up from less than 5 percent in early March.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Bloomberg<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-05-30\/spain-s-banking-rescue-should-become-example-for-europe.html\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe\u2019s leaders can\u2019t save their currency union without figuring out a way to salvage the region\u2019s banks. Spain is a perfect place to start. Perhaps no country better illustrates the mutually reinforcing links among the euro area\u2019s banking, sovereign-debt and economic crises than Spain. Its banks are largely paralyzed amid concerns about heavy losses on [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,27],"class_list":["post-3940","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=3940"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3940\/revisions"}],"predecessor-version":[{"id":3941,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/3940\/revisions\/3941"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=3940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=3940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=3940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}