Spanish banks' borrowings from the ECB jumped nearly 50% in March to €227.6B, as...

|By:, SA News Editor
Spanish banks' borrowings from the ECB jumped nearly 50% in March to €227.6B, as they took up 29% of the central bank's late-February LTRO. "A consequence of the (LTRO) is that the correlation between sovereign risk and banking risk increased all over Europe." That's not some EMU permabear speaking, that's Spain's Economy Minister Luis de Guindos. (see also)