Published on Wednesday, June 3, 2015 | Updated on Wednesday, June 3, 2015
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After a long period of credit growth, private-sector deleveraging is much needed in Spain. However, deleverage must be compatible with new credit to solvent demand. Measures taken and the ongoing economic recovery make us optimistic: After the crisis, credit should return to a more sustainable path of growth with a more balanced split by sectors.
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