• Home
  • Equities
  • Fixed Income
  • Alternative Investments
  • Multi-Asset
  • Passive
  • Thematic
  • Events
  • Market Intelligence
  • Investment Week
  • ESG Spotlight
  • Thematics Spotlight
  • Newsletters
  • Sign in
    • You are currently accessing Investment Europe via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
     
      • Account details
      • Newsletters
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Register
  • Events
    • Upcoming events
      event logo
      Women in Investment Festival 2020

      Investment Week, Professional Adviser, Professional Pensions, Retirement Planner and Investment Europe have collaborated to launch the Women in Investment Festival 2020, in partnership with HSBC Global Asset Management.

      • Date: 03 Mar 2020
      • The Brewery 52 Chiswell Street London EC1Y 4SD, London
      event logo
      Milan Forum 2020

      InvestmentEurope's 10th annual Milan Forum will take place on 5th March at the Four Seasons Hotel, Milan.

      • Date: 05 Mar 2020
      • Four Seasons Hotel Milan Via Gesù, 6/8, 20121 Milano MI, Italy, Milan
      event logo
      Nordic Summit Stockholm 2020

      InvestmentEurope's Nordic Summit 2020 will take place on 10-11 March at the Grand Hôtel Stockholm.

      • Date: 10 Mar 2020
      • Grand Hôtel, Stockholm Södra Blasieholmshamnen 8 103 27 Stockholm Sweden, Stockholm
      event logo
      Frabelux Forum 2020

      The 3rd edition of the Frabelux Forum will be held on Thursday, 19th March at the Ritz Hotel in Paris

      • Date: 19 Mar 2020
      • The Ritz, Paris
      View all events
  • Investment Week
  • ESG Spotlight
  • Thematics Spotlight
Investment Europe
Investment Europe

Sponsored by

Sharing Alpha
  • Home
  • Equities
  • Fixed Income
  • Alternative Investments
  • Multi-Asset
  • Passive
  • Thematic
  • You are currently accessing Investment Europe via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
 
    • Account details
    • Newsletters
    • Contact support
    • Sign out
 

Capital flight from Spain at €31.9bn in May

  • Chiara Albanese
  • 31 July 2012
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Capital flight from Spain accelerated in May and outflows reached €41.3bn during the month, according to data published today by the Bank of Spain.

Capital flight from Spain accelerated in May and outflows reached €41.3bn during the month, according to data published today by the Bank of Spain.

Domestic banks moved €31.9bn euros out of the country during the month, an increase from €26.6bn in April.

Related articles

  • Bankia's depositors have "nothing to fear"
  • Spain's deposits reach fresh low since 2008 in August
  • Outlook on Spain worsens, as government bails out Bankia
  • Five key questions facing the eurozone members

Between January and May, outflows were €163bn, approximately 16% of economic output, and the trend gained pace in May as the Spanish government announced the decision to bail out Bankia, one of the biggest lenders of the country.

Over the last 11 months, money weighting for 26% of GDP exited the country, with both families and businesses moving funds to foreign accounts.

Spain’s government expects the economy to shrink 1.5% in 2012 and 0.5% in 2013. It recently approved severe cuts to reduce its budget deficit, which are likely to fuel further capital outflows from the system.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Iberia
  • Bank of Spain
  • Europe
  • Regions
  • Spain
Back to Top

Most read

Swiss regulator proposes sanctions against GAM for not disclosing liabilities
Swiss regulator proposes sanctions against GAM for not disclosing liabilities
Deutsche Bank unveils ESG multi-asset fund exclusively in Spain
Deutsche Bank unveils ESG multi-asset fund exclusively in Spain
PGIM Investments makes Benelux, Switzerland and UK push
PGIM Investments makes Benelux, Switzerland and UK push
Thematics AM CIO, CEO outline investment objectives
Thematics AM CIO, CEO outline investment objectives
AB strengthens Swiss distribution team
AB strengthens Swiss distribution team
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading