Massive capital outflow in Spain: €163 billion left in five months

Thursday, August 2nd 2012 - 07:04 UTC

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Capital outflows from Spain more than quadrupled in May to €41.3 billion compared with May 2011, according to figures released on Tuesday by the Spanish central bank. In the first five months of 2012, a total of €163 billion left the country, the figures indicate. During the same period a year earlier, Spain recorded a net inflow of €14.6 billion. Read full article

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British_Kirchnerist
“EU officials are increasingly worried that if Spain, the Euro zone's fourth largest economy, needs a full bailout, financial markets will target Italy, which is too big to be rescued”

These “financial markets” sound like a rum crew, no? Maybe someone should do something about their piratical ways?!
Aug 03rd, 2012 - 05:00 pm - Link - Report abuse 0
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