French and Spanish Banks Sells Govt. Bonds in July, Portugal and Greece Follows

French and Spanish Banks Sells Govt. Bonds in July, Portugal and Greece Follows


Spanish bank sold govt bonds worth € 7.6 bln in July, while there French counterparts offloaded € 9.1 bln worth of bonds in the month
Greek and Portuguese banks also reduced their govt debt holdings by € 498 mln and € 444 mln respectively.
Now Spanish banks are sitting on govt. bonds worth € 247.2 bln, while Italian banks are having bonds worth € 342.6 bln in their folio, slightly higher than 342.3 bln they had
ECB's LTRO which acted as a catalyst for prompting banks to buy European govt debt had played well so far, but if latest data is any indication, the trend is


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