Vladimír Urbánek (Kurzy.cz)
Markets  |  September 19, 2012 10:23:26

The banks in Spain, Portugal, Ireland and Greece sailed 326 mld.EUR


According to Bloomberg statistics to end of July during the last year ebbed from banks in Spain, Portugal, Ireland and Greece with a total volume of around 326 mld.EUR.
Adverse developments that began in Ireland and Greece in 2010, the last year increasingly moved to Portugal and Spain.
Similar volume at 300 mld.EUR the other side flowed into 7 main euro area countries. According to the comments this fact leads to the spontaneous disintegration of the euro area and the two-speed nature of the large differences between core and peripheral countries. This in turn leads to fragmentation of confidence and the banking system within the Union, it reduces the effect of the measures adopted by the ECB and prevents recovery of the euro area economy.

Deposit outflow in problematic countries leads to a price increase funding costs run banks, which is reflected in the growth of interest on loans, which reduces their attractiveness and prevents economic development. The average amount of interest on new loans for businesses in Greece in the range of 7% in Spain to 6.5% in Italy to 6.2%. In Germany, France and the Netherlands is only around 4%.

Outflow from peripheral eurozone countries, moreover, the procedure time is accelerating. From začítku year to the end of July, the Spanish bank deposits fell by 7% in the previous 6 months, the rate reached a level of 4%. Similarly, in Portugal, where this deposit decreased by 6% compared to a decline of 1% in the second half of last year.
In Ireland, this outflow calculated on 10% of the zero rate in the second half of last year.

Spanish bank Popular Espanol came this year by 9.5% deposit, Banco Santander has lost 6.3%.
Greek Eurobank Ergasias lost 22% deposit, Alpha Bank and 26%.
Ireland Bank of Ireland in the first half of the year rose by 11% deposit.
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Z bank ve Španělsku, Portugalsku, Irsku a Řecku odplulo 326 mld.EUR

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