The Projection of Arrears of Boxes
The Bank of Spain has requested the savings-guess the banks but also do not know for sure, “to make a projection of their status if they reach a default rate of between 9 and 10 percent. This means that the monetary authority expects that few organizations reach these rates arrears from the end of this year and mid 2010. Some will withstand the pull and sometimes not. And the Bank of Spain has to make their forecasts for action. It is estimated that the industry average may be around 6 percent at the end of the year.
Hence you are preparing the plan to recapitalize financial institutions, mainly savings, “for those who can not find financing in the market. Surely the state will purchase participations weaker entities, but has to make estimates of how much money must be available. What seems clear is that these levels of pay is reached in all probability as the GDP continues its free fall and unemployment continues its unstoppable rise.