Other Banks, notably in Spain, Iceland and Scandinavia, are even more dependent on the wholesale markets.

其他的，尤其是西班牙，冰岛以及斯堪的纳维亚地区的金融机构甚至更加依赖于银行间的批发市场。

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Some Banks, notably in Spain, have swapped debt for equity, putting off write-downs but potentially storing up trouble ahead.

特别是西班牙的一些银行，已经将债务转换成了股权，来推迟减值，但接着可能会积留问题。

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Warier bank lending has contributed to a cooling in property markets, notably in Spain where house-price inflation has dropped to a ten-year low and housing starts have nearly halved since a year ago.

更为谨慎的银行借贷促成了冷淡的资产市场，尤其是在西班牙，那里的房价膨胀率已经跌到10年以来的低点，住房首付款仅仅是一年前的一半。

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Other banks, notably in Spain, Iceland and Scandinavia, are even more dependent on the wholesale markets.

ECONOMIST: Are European banks insulated from the panic in America?

Proponents of the scheme point optimistically to the success of similar initiatives abroad, notably in Spain and Belgium.

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In continental Europe, Barclays already has some operations, notably in Spain and Portugal.

ECONOMIST: British banks