Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish borrowing on the ECB increases

Tue 14th Jun 2011

The ECB lent more money to Spanish Banks last month, a further indication that they are coming under increasing stress in meeting their financing obligations.

Earlier today the Bank of Spain reported that the country's Banks borrowed just over 53 Billion euros during the month of May - increasing from 42 Billion the previous month.

Worries over the situation in Greece has resulted in tougher borrowing conditions for governments and banks from countries who have poor credit ratings. Investors enthusiasm for Spanish government bonds has risen to its highest levels in months, while Banco Santander recently struggled to sell the 1 Billion Euros worth of bonds that they issued.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs