Re: Re: Is Spain doing a secret deal with IMF?



Maybe they don’t need to do any deal with the IMF at the moment, they’re doing ok borrowing from the ECB.
Just announced on the Forex website:
“Spanish banks borrowed 126.3 billion Euros from the ECB in June, a 48 percent increase from the 85.6 billion Euros borrowed in May”.

Wonder what the July figure will come to. 🙄

Didn’t Greece’s bailout only come to 110 billion Euros ❓
Am I losing the plot here or does that mean that in two months alone the Spanish banks have borrowed nearly twice as much as Greece’s total bailout? I must have gone wrong somewhere in the maths……