As we approach the eve of the last month of December, the amount of capital that has left Spain so far this year has reached 247,172.72 million euros. If you take the figure for the last 14 months, then we’re talking about 343m euros.

The trend appears unstoppable as Spain bleeds capital, if we are to go by the figures issued by the Bank of Spain. According to this source, Spain moved into the red (deficit) in July 2011 – hence the 14 month figure.

But it is not all doom and gloom, because August showed a brief reversal of the trend, which had a lot to do with tourism, of course.

Foreign finance operators bought shares for a value of 2,340 and financial derivatives also responded well, giving a net inflow of 191.8m. The negative figures, however, belong to the ‘other investments,’ which mainly comprise of loans, repos and deposits. Here the net negative figure ascended to 13.312m, owning to the fact that foreign investors withdrew 20,331.9m euros in this kind of product.

(News: Spain)