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Spain banks borrowed EU127 bln from ECB in June

Thu 14th Jul 2016
Spain banks borrowed EU127 bln from ECB in June

The Spanish Central Bank yesterday reported how the Country's banks borrowed a combined total of 127 billion euros from the European Central Bank by the end of the month of June.

The sum remains unchanged on the previous month and comes at a time when the country's deficit is under intense scrutiny from the European Commission, and harsh financial penalties are likely to be imposed.

Recommended Reading :

* EU states back deficit sanction procedure for Spain and Portugal

* Spain says will escape EU deficit sanction

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