Foreign Investment in Spain Fell by 10 Billion Euros in November - Bloomberg

Foreign Investment in Spain Fell by 10 Billion Euros in November - Bloomberg: "Foreign investment in Spanish securities fell by 9.98 billion euros ($13.6 billion) in November, amid contagion from the Irish fiscal crisis.

In the first 11 months, the decline in non-residents’ portfolio investments amounted to 26.2 billion euros, data from the Bank of Spain in Madrid showed today. In the same period a year earlier, investment increased 50.9 billion euros, the central bank said.

Spain’s Ibex-35 main share index fell 17 percent last year, and Spanish bond yields surged as Greece and Ireland sought international bailouts. The gap between Spanish and German 10- year borrowing costs reached a euro-era high on Nov. 30 of 298 basis points.

That spread was 231 basis points today, unchanged from Jan. 28."