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Guadalupe San Salvador weighs in on her struggles as a small- business owner in Spain.
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-- type thank you very much -- stay on this European.
Issue for just a moment here because the results right on the audits of the Spanish banks try talking about the effect on a US banks.
They're saying out of the banks -- up to 62 billion euros well below the 100 billion Euro bailout that's already been agreed to -- Webster is joining us now live from Madrid with more actually.
-- -- yeah absolutely right that report coming out another -- from independent noted that this new indeed said.
That Spanish banks under an absolutely worst case scenario.
May need up to 78 billion US dollars to help fill.
Some of those holes left by bad loans that's far short as you say of the 126 billion dollars -- on offer from the EU.
-- -- will use the results of several audits to decide exactly how much to us -- for its banks but so there's still concerned that may need a full bailout.
That's why we've seen borrowing costs go so high.
But certainly as Spain battles its debt crisis is so the economy continues to suffer.
Earlier today I met with a small business -- who told us about some of the struggles she's facing.
-- -- -- I have my own company and you'll be -- visual feel I have rented treatments.
And -- -- and things like that.
These reductions -- very back and discuss things and get some business in and then and I didn't pan out of problems in this in this period right now.
It's very about what kind of problems -- -- -- the Yeltsin everything Hassan.
Down -- Because -- an -- a -- Canadian regional field.
Not company has done all of these people who doesn't want to do they mean convention any minute things.
Again necessarily as we know unemployment at 24 point 4% in Spain among -- a whole population.
52% among young Spaniards are desperate times and a they hope of course like onshore markets everywhere else around the world that they get this debt crises under control.
So -- where in Madrid following it.
