Up until now, the title of "Spain's scariest chart"
belonged to one depicting its youth (and general) unemployment, both of
which are so off the charts it is not even funny (especially to those
millions of Spaniards who are currently unemployed). As of today we have
a contender for joint ownership of said title - Spain's monthly deposit
outflows, which in July hit the highest amount ever, and where the YTD
deposit outflow is now the highest on record. One look at the chart
below confirms that nobody in Spain got the June 29 Euro summit memo
that "Europe is fixed"...
http://www.zerohedge.com/news/chart-day-spain-real-pain-may-be-just-beginning
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