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2012-08-01 — www.spiegel.de
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The outflow has resulted from domestic banks sending money abroad, foreign lenders pulling out cash and mostly non-resident investors dumping Spanish assets. The steep rise was likely due to Bankia, the banking conglomerate, having requested a bailout in May.
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EU officials are increasingly worried that if Spain, the euro zone's fourth largest economy, needs a full bailout, financial markets will target Italy, which is too big to be rescued.
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