CAIXA DEFIES SPANISH BANKING GLOOM

摘要

Analysts are cautious about Spain's domestic banks. Many of them believe that the effects of the credit crisis on balance sheets have still not been completely resolved; they worry about where future growth and profits will come from in a low-interest-rate environment and they also have concerns about the Spanish political situation. Left-leaning parties are gaining support and there are fears that December's elections could usher in a new coalition that could reverse some of the country's pro-growth reforms.