And The Hits Just Keep On Coming: Spain Sees €31 Billion Deposit Outflow In April

by Tyler Durden
ZeroHedge.com
05/30/2012

Just when talks of Accelerated Kinetic Action In Close Proximity To Cash Dispensing MachinesTM in Spain were quieting down, here comes Goldman to reminds us that nothing is fixed. “The ECB released April deposit data today. Italian deposits in April were stable, with a moderate increase in retail (+€7 bn) more than offsetting a small reduction in corporate deposits. In Spain, April saw €31 bn (or 1.9%) deposit outflow from banks. Within this only half is attributable to corporate (down €7 bn or -3.4%) and retail balances (down €8 bn, or -1.1%). The residual outflow is attributable to deposit reductions by others (financial institutions / pension funds / etc).”

The Rest…HERE

This entry was posted on Wednesday, May 30th, 2012 at 11:21 am and is filed under Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.