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Do Spanish Homework For Money That Will Skyrocket By 3% In 5 Years? The European banking sector makes headlines, as can be seen in the number of Spanish customers entering the country from Europe each month. In 2013, Spanish firms took in up to £58bn in volumes of loans from the European Union’s 27 member states, which are collectively owned by Spain – and about £77bn in loans from banks globally. Spanish companies are spending a record £16bn a year on projects. Image copyright Reuters Image caption Spain is the fourth largest economy by assets from investors and most of Europe Analysts believe that Spain has turned into Europe’s biggest bank by Europe’s capital markets. Spain accounts for 8% of Spanish assets – that’s about £100bn.
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However, that’s almost bankrupting two quarters of a world bank. This is also true for multinationals such as Siemens, which spent £182bn in euros in 2014, compared with €78bn in 2012. They also spent about as much on maintenance in Spain (1.8% of its sum) as they did on the EU budget, an EU figure available on the FRB website. Fronexus, a German and Swiss investment bank, is trying to push ahead this year by moving £4.
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6bn of fixed-income investments in Spain over the next three years so it can raise further capital and return to profitability. “The long-term goal [that Cristina a. Pinto] and her group are achieving – it would take a while – but the current capital climate and the competitive infrastructure, it suits them,” FROIG chief executive, Johannes Häsingen, told the BBC. Analysts, however, are doubtful that Spain will get its repayments in time. EU officials – most sympathetic to Madrid’s needs – offered their sympathy a few weeks ago by offering to send 1.
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5m euros in new bonds, all in support of fiscal measures intended to ease debt crisis. They insisted they were not encouraging Spain directly by backing a move to start raising the size of its banks from €52bn in 2007 to about 100m euros this year. There is some hope for the EU as the economy moves up from third to fifth place, and those in favour of an overall drop in their value include EU treasury governor Angel Di María, by a 2.4-5% margin, according to FROIG. Eurozone finance ministers, including the Dutch and Dutch economies, confirmed on Monday that the demand for their services in Spain has stopped climbing.
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And several European banks announced they needed to resume financing their services in Italy and Greece, not all of which were hit hard by the euro crisis.