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Spain Borrowed a Record $463 Billion in July From ECB

MADRID — Spain’s central bank says the country’s banks borrowed a record €375.5 billion ($463 billion) from the European Central Bank during July.

That was 11 percent higher than June’s level and is another sign of the difficulties afflicting the sector as the recession-struck country weighs up whether to request a sovereign bailout.

Source: Washington Post. Read full article. (link)

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