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The Wall Street Journal:
Zombie buildings shadow Spain's Economic future

16 September 2010

One risk, says Luis Garicano, an economist at the London School of Economics, is that Spanish lenders could follow in the footsteps of Japan's so-called zombie banks, "holding on to capital in order to cover their losses."

This article appeared in The Wall Street Journal on September 16, 2010
Link to article

Related Links
Luis Garicano webpage
Productivity and Innovation Programme webpage

Read more... The Wall Street Journal