From The Frying Pan To The Fire: Bailed Out Spanish Banks Now Neck Deep In Risky EM Debt

UBS has alerted that Spanish banks’ outsized exposure to Latin American markets could serve as a source of contagion for future crises: 80% of the Eurozone’s total banking exposure to the region is channeled through Spain whose banks have around €384 billion of counterparty claims in the region.

 

 

 

 

 

https://wolfstreet.com/2019/04/18/ubs-warns-of-contagion-to-eurozone-from-spanish-banks-huge-bet-on-emerging-markets/