‘Spanish banks return €44bn to ECB in one go’

31st January 2013, Comments 0 comments

Spanish banks' part payment of a bailout package sets a promising outlook for the country's recovery.

 ‘Spanish banks return €44bn to ECB in one go’
El Pais

A total of 278 European banks, which received €1trn from the European Central Bank last winter, will today pay back more than €137bn, with about a third - €44bn - coming from Spanish banks.

Paying back the loans before they are due is "excellent news" and "proof of confidence" after the European bailout of Spanish nationalised banks last summer and turmoil in markets, states the daily.

Read this article in Spanish.

Reprinted with permission of Presseurop.


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