Spanish economy minister Salgado says that non-performing loans at Spanish banks will continue to rise into next year. Spain is the epicenter of the housing bust in Europe, suffering over-building only seen in places like Las Vegas and Miami in the US. EUR/USD trades at 1.3780, up from 1.3757 lows.
Spanish non-performing loans will continue to rise- EcoMin
Source: www.forexlive.com
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