Real estate frenzy of the ’90s has come back to haunt Spain’s banks – Sydney Morning Herald

June 10, 2012 Posted By: Leave a comment
In 1998, the centre-right government passed a law that increased the amount of land for development ... Net toxic assets - unsold real estate - are not known for certain. We do know that, bar the country's three largest banks (BBVA, Santander and CaixaBank ...
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