Between 2009 and 2013 bank credit to government grew at rates between 14% and 36%. Meanwhile, credit to households and businesses has been in clear contraction since 2010..."
Thursday, January 9, 2014
Household and Non-Financial Credit in Spain Sink, Government Debt Expands; No Recovery in Sight
"Here's an interesting chart regarding credit expansion and contraction in Spain from Guru's Blog. I added translation on the chart in red.
Between 2009 and 2013 bank credit to government grew at rates between 14% and 36%. Meanwhile, credit to households and businesses has been in clear contraction since 2010..."
Between 2009 and 2013 bank credit to government grew at rates between 14% and 36%. Meanwhile, credit to households and businesses has been in clear contraction since 2010..."
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