lending

creditspain

Lending to Spanish companies continues to fall

The indebtedness of non-financial companies is below €920 billion, the lowest level since September 2020. Specifically, Spanish companies accumulated debts of €918,500 million at the end of May, a reduction of €8,000 million with respect to the same month of the previous year, 0.8% less. To find a similar level, one has to go back to September 2020. Companies are just under €46 billion short of the €872.575 billion of…


INFLATION EXPECT

Why ECB’s measures may not fix lending nor inflation

MADRID | The Corner | Despite markets’ euphoric celebration of Mario Draghi’s last words, some remain skeptic about them being the panacea for inflation and the lack of credit in the eurozone. Check the graph above: 5-year swap rates show that inflation expectations have only gone from 1.21/1.24 in May to 1.28/1.24. in June. Nothing to go crazy about, huh?