The outflow of capital continues Spain. Only in the first six months of 2012, investors brought 220 billion euros out of the borders of the Iberian country to invest them abroad. This was revealed by the data published today by the Bank of Spain, which represent a new record for the statistical series that began in 1990. Bad news for Spanish credit institutions, which arrived on the very day in which the Government of Madrid launched yet another banking system reform, the fifth in three years.
In the first half of the year the sum that left Spain is already three times higher than that lost in all of 2011, equal to 68,3 billion euros. In particular, capital flight worsened last June, when a negative balance of 56,6 billion was recorded, against positive flows of 7,9 billion which arrived in the same period last year.
