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Spain registers new record in capital outflow
31-10-2012 12:14
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The Bank of Spain reported today that the country registered a record number of capital outflows in the first eight months of 2012.
Specifically, €247.2bn has flown from the country during the year, compared to just €398m seen during the same period of 2011.
However, the capital outflow excluding the central bank during the month of August at €11.8bn was 34.7% lower than the same month last year, suggesting that fears may be diminishing.
JM
Specifically, €247.2bn has flown from the country during the year, compared to just €398m seen during the same period of 2011.
However, the capital outflow excluding the central bank during the month of August at €11.8bn was 34.7% lower than the same month last year, suggesting that fears may be diminishing.
JM
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