Spanish borrowing might end up with zero interest to pay

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WHAT might have appeared earlier this year as panic borrowing by Spain as it looked to the European Central Bank (ECB) to help bail it out as the country veered into lockdown may actually turn out to be a blessing in disguise.

The ECB has already confirmed that it will effectively underwrite all of the Spanish bonds to be issued and because of the spiralling fall in interest rates, the Spanish Government may well find that the borrowing costs next to nothing.

In the long term it will have to repay the principal but possibly without interest.

Thank you for taking the time to read this news article “Spanish borrowing might end up with zero interest to pay”.

Published by
John Smith

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