"Spain and Italy reported today that the share of bad loans have continued to rise. There is nothing to suggest that this is the peak. In fact, further deterioration is likely.
Bad loans at Spanish banks rose to 10.87% in April from 10.47% in March and 8.73% in April 2012. These doubtful credits rose to 167.1 bln euros. Spain’s problem stems from the housing market boom. Prices have not bottomed..."
at http://www.creditwritedowns.com/2013/06/bad-loans-continue-to-rise-in-spain-and-italy.html
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