Spain Banks Tap ECB Funding Heavily in July - ABC News

Spain Banks Tap ECB Funding Heavily in July - ABC News: "funding got tougher for Spanish banks in July, Bank of Spain data showed, though conditions were said to have improved after health checks on the country's lenders were published on July 23.
The country's banks borrowed 140 billion euros ($180 billion) from the European Central Bank in July, up from 136 billion in June, the data published on Friday showed.
Taking off the amount banks then redeposited at the ECB, the total borrowed was 130 billion, up from 126 billion euros, just under a third of the overall amount lent by the ECB.
Spanish banks had tapped the facility for 90 billion euros in April before interbank markets gummed up on fears other euro zone periphery countries could face debt crises along the lines of Greece."

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