Spanish funding difficulties intensify

An update on the previous post, and on the Spanish economy's growing dependence on loans from the European Central Bank, which reached a record  €85.6bn in May. This is hardly sustainable, and partly explains why Germany is so uneasy about current economic and monetary developments. The ECB is also their central bank. http://www.elpais.com/articulo/economia/banca/espanola/pide/fondos/record/BCE/cierre/mercados/elpepieco/20100615elpepieco_2/Tes/