Spanish banks likely to remain on ECB life-support “for years to come”
Spanish banks likely to remain on ECB life-support “for years to come”Bloomberg reports that Spanish banks borrowed a record €130bn from the European Central Bank in July, accounting for 29 percent of total borrowing from the ECB. Gary Jenkins of London-based Evolution Securities Ltd is quoted saying, “The amount needed is likely to remain elevated for years to come.http://www.openeurope.org.uk/media-centre/summary.aspx?id=1166
