Spain's bad bank loans rise

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The number of bad loans held by Spanish banks continues to rise.

In May those so-called non-performing loans, which are unlikely to ever be repaid, now account for 8.95 percent of what the banks have on their books, up from 8.72 percent a month earlier.

The latest total is the highest since April 1994.

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http://www.euronews.net/

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