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Sharewatch:
REFILE-Spain risks homegrown 'subprime' crisis

23 December 2008

"The Spanish central bank didn't allow our banks to take American crap because they had their own crap...they were extremely exposed to the Spanish housing market," said economist Luis Garicano of the London School of Economics.

This article appeared in Sharewatch on the 23rd December 2008.
Link to article.

Related Links
Luis Garicano webpage
Productivity and Innovation webpage