30-07-2008 Burbuja Inmobiliaria

En un artículo publicado por la reconocida Bloomberg ayer, 29-07-2008, y titulado:
“Pain in Spain Falls Mainly on Trichet with Toxic Debt” se avisa que un 24% de los Bonds del Banco Santander son Hipotecas…

Spain’s housing collapse is becoming European Central Bank President Jean-Claude Trichet’s economic crisis as delinquent home-loans rise amid a slowing economy.

Spanish lenders, once the most prudent on the Continent, have almost tripled borrowings from the Frankfurt-based ECB in the past year to 47 billion euros ($74 billion), pledging bonds backed by assets, including mortgages, as collateral. That’s the fastest increase in Europe, overtaking Italy, Ireland and the Netherlands, according to data from the countries’ central banks.

The ECB’S list of eligible securities for loans includes bonds from from Banco Santander SA, Spain’s biggest lender, according to the central bank’s Web site. The bonds are backed by mortgages that exceed property values by as much as 24 percent.

Fuente: www.bloomberg.com

30-07-2008 C-V