FINANCIAL TURMOIL

Jittery foreigners take the money and run from Spain

As risk premium rises, non-residents move funds out while Spaniards boost their savings

The extent of the lack of confidence of foreign investors in Spain was evidenced by a massive outflow of funds invested in bonds, stocks and bank deposits in March, figures released Thursday by the Bank of Spain showed.

Net withdrawals in March came to 66.2 billion euros, almost double the amount in December of last year, which marked the previous record. The central bank began compiling financial investment flow figures in 1990.

Spain’s risk premium hit a euro-era high of 540 basis points on Wednesday after a massive selloff of government bonds.

At the same time, according to figures from the European Central Bank, bank deposits by companies and individuals in Spanish banks declined 31.441 billion euros in April from the previous month to 1.624 trillion. That was the second biggest monthly fall after January 2010. Over the course of the past 12 months, deposits have declined by 103.735 billion euros.

The fall in deposits was caused by non-residents withdrawing their funds. Deposits by Spanish residents actually increased by eight billion euros to 1.16 trillion.

Comentar Normas

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

Últimas noticias

Ver todo el día

El Betis sufre y goza

Rafael Pineda Sevilla

La apurada victoria del líder en el feudo del Alavés (1-2) mete mucha presión a Sporting y Girona, sus directos rivales por el ascenso, a nueve puntos con un partido menos

“México atraviesa una crisis nacional”

Jan Martínez Ahrens Guadalajara (México)

El arzobispo de Guadalajara, José Francisco Robles Ortega, presidente de la Conferencia Episcopal Mexicana asegura que “el Papa es impredecible”

Un escenario dantesco de bloques de hielo

Los testigos hablan de un leve temblor en el Everest, apenas unos segundos que se convirtieron en un infierno en la cima del mundo

EL PAÍS RECOMIENDA

El cine ‘online’ planta cara a la piratería en Europa

La recaudación por las películas en ‘streaming’ se multiplica por 10 en Europa

Por qué necesitamos ‘Juego de tronos’

La serie capta la fascinación y el miedo que hoy siente mucha gente

Lo más visto en...

» Top 50


Webs de PRISA

cerrar ventana