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……