Spain’s banking system has suffered massive outflows of cash as investors become worried that the country will need a bailout and fragile banks count more and more troubled assets on their portfolios.
The latest news from Spain isn’t reassuring.
Today, the Bank of Spain released monthly payments on its balance of payments, showing that capital was continued to flow out of the country.
Here are the most worrisome numbers from that report:
€41.3 billion ($50.6 billion) in [...]