Here is a Great Graphic from Sober Look. It shows the peripheral countries borrowings from the ECB. It is clear from the chart why the focus is on Spain. Its bank borrowings from the ECB continue to rise precipitously. Italy's bank borrowings appear to be leveling off albeit at elevated levels. Ireland and Portugal bank borrowings are largely stead. Nevertheless, we remain concerned that Portugal may not be able to return to the capital markets in the second half of next year as currently envisioned by the Troika.
Great Graphic: Borrowing from the ECB
Reviewed by Marc Chandler
on
August 08, 2012
Rating:
Reviewed by Marc Chandler
on
August 08, 2012
Rating:
