Spanish Banks Hiding Over $70 Billion In Bad Real Estate, El Confidencial Finds

" The Spanish financial sector has a real estate problem "unrecognized" of 50,000 million euros, which must be added to the 180,000 reported to the Bank of Spain, according to a report by Boston Colsulting Group (BCG). In this situation, the consultant estimated that the actual capital requirements are between 20,000 and 35,000 million, and that could be made ??up to FROB 20% of the sector."