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'Smaller Spanish banks may face liquidity problems' spanish banks

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Smaller Spanish banks may face liquidity problems

-- spanish banks

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09/18/08 23:21

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Smaller Spanish banks may face liquidity problems

Due to lack of capital, the smaller Spanish banks may face a liquidity drought. This is because most of their wealth and assets are locked-up up in the real estate market, which is now facing a downturn in the country.

On the brighter side, the larger Spanish banks are still safe and sound.

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