By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday said Spanish Banks will face profitability challenges in the coming years as lending and home prices continues to slide further. This is coming on the heels of a fifth and final review of the country’s financial sector by the […]
Tag: Spain
Euro Area, Spain Make List of IMF Economies with Economic Imbalances
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) have named Euro Area and Spain as countries newly identified given relatively large fiscal and external imbalances that are likely to persist or emerge over the medium term in the wake of the crisis. This is contained in an update […]
Oil falls after ECB says eurozone economy weak
The price of crude oil fell Tuesday after the head of the European Central Bank described the economic outlookof the 17 countries that use the euro as weak in the near term. Benchmark crude for March delivery was down 53 cents to $95.33 per barrel at late afternoon Bangkok time […]
