スペイン国債への2012年の外国投資は568億0000'0000ユーロ減少して、全体の36'5%の2246億6200万0000ユーロに減少
La inversión extranjera en la deuda sufre en 2012 su mayor caída en 16 años
La exposición de los no residentes baja en 56.800 millones, hasta los 224.662 millones
Su peso sobre el total baja al 36,5% frente al 50,5% de finales de 2011, un mínimo desde 2003
La recuperación de los últimos meses no enjuga la caída sin precedentes de todo el ejercicio
El País Madrid 28 ENE 2013 - 12:57 CET
Foreign investment in debt in 2012 suffered its biggest drop in 16 years
Exposure of low nonresidents 56,800 million, up to 224 662 000
Its low weight of the total to 36.5% from 50.5% end of 2011, the lowest since 2003
The recovery of recent months not wipe the unprecedented decline in full year
The Country Madrid 28 ENE 2013 - 12:57 CET
The improvement in the markets in the latter part of 2012, a recovery driven by fear of the end of a breakup of the euro, revived investors' appetite for risk, which benefited Spain and its debt, which again attracted foreign capital. However, the cumulative recovery since September has not been sufficient to cover the massive repatriation of money suffered in the first half of the year. For this reason, the annual balance is negative not only with an output of 56,800 million euros throughout 2012, but also leaves this year as the worst for foreign investment in historical series, which starts in 1995.
Following this decline, foreign investors had bet on Spanish public debt 224 662 000, according to figures published on Monday the treasure at the end of 2012 data, representing its highest level since February, before they multiply the doubts about whether the country would be able to go ahead without a European bailout.
moreSpain achieved record demand after paying high ratesThe Treasury closed 2012 with a cushion of 35,000 million
In relation to the other investors, the weight of aliens on debt 614 998 000 outstanding Treasury also reduced sharply. So, after finishing 2011 on a 50% in December stood at 36.5%, but came down to 33% in August. Finally, the annual decline of 14 percentage points, which is also unprecedented in the entire series. Looking back, we must go back to 2003 to find a year-end in which the relative weight of foreign investment in the role of the state is 36.5% lower than 2012. On the opposite side, the maximum was scored in September 2011, when it reached 57%.
In the end, despite fears of foreign investors, the rescue was confirmed, but only for banking. As for the possibility of aid for the whole state, this option has been diluted a few weeks up here to the fact that the country continues to be financed without difficulty, but at the cost of continuing to offer a relatively high interest rate, as happened the week pass with syndicated issue 10-year bonds. In fact, attracted by its good profitability and lower risk perception that exists now in the market for Spain, 60% of those who came to this operation were foreign investors, as it highlighted the Ministry of Economy.
For the rest of the interesting facts just ended 2012, points out that banks eased their exposure to government debt in August after reaching maximum. Despite the problems of strong link between public debt and banking, peaked at over 34%. In December fell to 31% and again fall below the 200,000 million.
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