Spain Says Up To $200 Billion Left Country by May!

• Spain says up to $200 billion left country by May! 
  by Associated Press 
  MADRID (AP) — Spain’s central bank says €163 billion ($200 billion) has been pulled out of Spain in the first five months of the year, reflecting plunging confidence in the government’s ability to manage its financial problems.
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  Figures released Tuesday showed €41.3 billion was withdrawn in May, compared to €9.5 billion in the same month last year. May saw Bankia, one of Spain’ largest banks, announcing it would need a whopping €19 billion in rescue funds. Bankia’s announcement spurred the government to seek a rescue loan of up to €100 billion from its eurozone partners.
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  The net capital outflow stems from foreigners selling stocks and shedding Spanish state debt and private bonds, as well as Spanish banks and citizens depositing money abroad.

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