Analistas Financieros Internacionales, Afi

CARGA_INICIAL20200528

Short selling of Spanish bank shares

Bank share prices have been particularly hit in recent months, especially in those countries, like Spain, where the fate of banks and that of public finances is more closely related, such that speculating against bank shares is seen as a proxy for speculation against sovereign
debt.

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Evolution of Spanish government debt holdings

The crisis that began in the summer of 2007 marked a turning point in the stock of Spanish government debt held by non-residents, which had increased in absolute and relative terms since the middle of the 1990’s.

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