Tag Archives: Foreigners Dump Nearly €80 Billion In Spanish Debt; Haircuts Come After More Dumping

Mish/ Mike Shedlock – Foreigners Dump Nearly €80 Billion In Spanish Debt; Haircuts Come After More Dumping – 29 July 2012

Through the first half of the year, foreigners reduced Spanish debt by Nearly €80 Billion as banks in Spain gobbled up more of the toxic garbage.

Foreign investment in Spanish public debt has decreased by 7 €78.168 billion in the first six months of the year, standing at  €203.271 billion euros, compared to  €281.439 billion which reached the end of 2011. This is a break of 27.7% over last year. Continue reading