Next Domino – Bank of Spain

BANK OF SPAIN DIRECTOR GENERAL: SPANISH BANKS HAVE DIRECT EXPOSURE TO CREDIT SUISSE OF BETWEEN €300 MLN TO €400 MLN. — Stockeys (@Stockeys1) March 28, 2023 Bank of Spain sees turmoil rising funding costs, requiring liquidity sourcing review https://t.co/VqF5MeqyG8 pic.twitter.com/5HHE4mZ8DV …

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Energy Rationing in Spain

by Martin Armstrong Spain is yet another southern European country feeling the brunt of inflation. Spain’s National Statistics Institute (INE) reported that prices rose 10.8% in July, an increase from June’s 10.2% reading and May’s 8.5% level. This is the …

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Spain limits air conditioning…

Spain has announced new energy-saving measures, including limits on air conditioning and heating temperatures in public and large commercial buildings, as it becomes the latest European country to seek to reduce its energy consumption and its dependence on Russian oil …

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