José Luis M. Campuzano (Spanish Banking Association) |The ECB believes the net effect of a policy of zero interest rates (negative in the case of the deposit rate) has been positive for the revenues of the different economic players. But the impact has not been equal.
Spain public administrations
J.L.M. Campuzano (Spanish Banking Association) | The Spanish economy’s financing capacity compared with the rest of the world stood at 8.943 billion euros in the fourth quarter, representing 3.1% of GDP. For the year as a whole, the financing capacity was 22.752 billion euros, 2% of GDP.