Spanish banking system is expected to “off bailout”

   After Ireland become the first European “off bailout” country, Spain is expected to be able to stop getting any international bailout in Jan.2014 as the recovering of its national banking system. According to the report of a Hong Kong newspaper on Dec.28th, Committee of European Union, European Central Bank and International Monetary Foundation has provided a total bailout of EUR100 billion(around RMB835.4) to Spain in 2013, which was suffered from a deep European debt crisis, it will be one and a half year. On the assessment report released on 16th that the banking system of Spain is functioning good and the international organization will stop giving bailout in Jan.2014.
   
However the imbalance economic situation is still severe in Spain including the credit tightening policies apply on family and SME and over higher debt of the private enterprises. It also demonstrated that Spanish banking still need a further and deeper diagnose on the ability of impact resistance and repayment, the Committee of European Union, European Central Bank and IMF will continuous spy on the financial industry and economic reform of Spain and urge its government to strengthen reform and maintain the economic activities will regain vigor.


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