Economy Euro

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

30 January 2013
Presseurop
El País

El País, 30 January 2013

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.