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For Spanish companies deleverage is the word

MADRID | By Carlos Díaz Güell | After years of heavy investment (in 2007 it reached 112 bn euros), Spanish companies abroad are reducing their debt by selling their assets. Time for deleverage in order to cope with the crisis.

The impossible European deleverage

MADRID | The eurozone’s central bank should have acted as a last resort lender years ago, so peripheral economies would not have had to endure the punishment of excessive prices on market credit.