Debt
In March 2012, Spanish debt of the Central Bank of the European Union jumped sharply (by 80 billion). At that moment, it for the first time exceeded the bar of 200 billion €.
By August 2012, the debt of Spanish banks to European rose to 338.736 billion, and then began to gradually decrease.
On January 15, 2014, the Bank of Spain (BI) announced that the debt of the country's financial institutions to the Central Bank of the European Union in December 2013 amounted to 201,865 billion euros. A comparison of this result with the figures of December 2012 shows that in 2013, Spanish banks managed to reduce their ECB debt by 111.244 billion € or 35.5% of its total volume.
Such a significant decrease in debt volumes is due to Spain's refusal to use the full amount of lending provided by the EU Central Bank to save the financial system of the Iberian kingdom (out of 100 billion, according to FAA experts, no more than 45 billion were spent).
The total debt of the Bank of Spain to the financial institutions of the eurozone, taking into account loans received from banks of other countries, as of January 2014 is 665.849 billion €, which is 24.6% less than the result recorded in December 2012.
See also
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