Spain - Worse than Greece?
So Japan initiated the practice of creating zombie banks, and we saw this practice in action again in 2008, so how is this going to move on into the future? Spain is encountering it's own problems, and Santander kind of screwed depositors in 2008, but what's the future going to be?
Is the future of commercial banking in Europe going to be this sort of zombie bank phenomenon that has gripped Japan for the past 20 years? Or are the bailouts going to save everyone?