The graph represents the astronomical borrowing amounts of Italy and Spain.
The Spanish Banks borrowings from the ECB escalated by €50 Billion, in the month of June alone. Thus, marked a record high of €337 Billion. These are alarming news for the binary option traders looking to invest in the Euro markets in particular. Rome and Madrid are within the biggest Euro economies and their stability is essential for the prosperity of the Euro binary markets and the global binary markets as well.
On the other hand, Italy’s June ECB borrowings rise by only €9 billion, to a record €281 billion. Despite, this huge number thy were well below-Spain’s total figure.
However, something curious is that the Spanish TARGET – 2 net liability soared to €371 billion (-€40 billion in autonomous factors accounting for the lower total number), thus forcing the German bailout of the periphery to a record high of €729 billion.
The end result is that for the first time ever, Spanish TARGET – 2 liabilities consumed over half of total Germany TARGET – 2 claims.
