English to Spanish Bus/Financial

At the beginning everything looked very well with the exception that interest rates remained high during the whole period. In the early 1980s the world recession and domestic policy mistakes produced a slowdown in economic activity. Profits declined and it became difficult to serve the debt with the banks. Companies rolled over and asked for more credits in a situation that can be described as distress borrowing. As the owners of banks were the same as the owners of the companies, old credits were rolled over and new credits were granted. On the other hand, depositors continued lending to banks on the premise that there was an implicit state deposit insurance.