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And add to it that Spain issues bonds but doesn't easily find buyers now. ECB (European Central Bank) has given spanish banks thousands of millions of euros at
by drKarl 15y ago
And add to it that Spain issues bonds but doesn't easily find buyers now. ECB (European Central Bank) has given spanish banks thousands of millions of euros at an 1% interest rates, and those spanish banks, instead of giving loans and credit to enterprises and people, they buy spanish bonds (at 5%-6% levels).