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Spain's ECB bank borrowing falls again in May

Source: Reuters - Sat 15th Jun 2013
Spain's ECB bank borrowing falls again in May

Spanish banks borrowed 259.3 billion from the ECB in May, down from 265.1 billion in April, data from the Bank of Spain showed on Friday, marking the 9th month of consecutive falls.

Spanish banks, which were propped up with European aid last year, borrowed an all-time high of 411 billion from the ECB in August 2012.