More analysis was needed

Now that the results of Spain's financial sector audit have been unveiled, some people are questioning the data. The main criticism is that only 15% of the loans under review were for real estate, but these loans are responsible for 43% of all losses in the financial sector.

Plus, loans to property developers are at a 29% rate of default and the most toxic asset class that the banks own. That said, loans to big corporations were hardly looked at. The problem is that the method that was used to translate the results into an amount of capital that the banks need to raise.