Saturday, August 30, 2014   

Spain says bank debt owed to ECB lower
(05-14 16:55)

Debt owed by Spanish banks to the European Central Bank fell again in April to put the reduction over 12 months at 29.0 percent, the Spanish central bank said on Wednesday in a new sign that the country's economy is improving.
At the height of Spain's crisis sparked by a property market crash and consequent recession, the ECB provided substantial and special refinancing help to the eurozone country's stricken banking system. --AFP
   
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