- Spain’s economy shrunk another 0.4% from the previous quarter. There economy has continue to decline for the past 5 quarters. Consumer demand also fell by 1.2% and the unemployment remains around 25%.
- Spain’s debt to GDP is forecasted to hit 7.3% by the end of the year. Yield on 10-yr Spanish bonds rose 0.13%.
- Billionaire Wilbur Ross has conveyed interest in purchasing distressed Spanish banks.
bank assets, bonds, Economy, GDP, q3, Spain, spainish, spanish bank, spanish banks, Unemployment, wilbur ross