Spanish banks' bad loan ratio rises to record in June | Reuters
"Spanish banks' bad loans as a percentage of total credit rose to a fresh high of 11.6 percent in June, Bank of Spain data showed on Monday, as more households and small companies, particularly those from the property sector, struggle with debts."
Greek current account surplus widens in June, helped by tourism | Reuters
"The current account balance, a key measure of economic competitiveness, showed a surplus of 663 million euros ($884 million) from 73.1 million euros in the same month last year.
Tourism receipts, the country's biggest money earner, rose 21 percent year-on-year to 1.59 billion euros in June. This brings total tourism receipts in the first half of the year to 3.32 billion euros, up 18 percent compared with t...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.