Spain receives €45bn foreign capital up to October

Spain registered an inflow of capital of 45 billion euros (61.9 billion U.S. dollars) from January to October, as opposed to the outflow of capital of 208.219 billion euros registered in the same period in 2012, the Bank of Spain reported on Friday. The bank said only in October the country received a total of 1.024 billion euros, 15 billion euros less than in the same month in 2012, when foreign investors injected in Spain a total of 16 billion euros. Spain had experienced an outflow of capital of 179.221 billion euros in 2012 when the country was losing confidence in the financial markets and rumors of a sovereign bailout threatened Spain's credibility. Spain's risk premium surpassed the 600 point mark in the summer of 2012, but in 2013 it has fallen to the 229 points of Friday's session, showing foreign investors confidence in Spain. Spanish Prime Minister Mariano Rajoy said on Friday that Spain's economy would recover in 2014, when the government expects to consolidate economic growth that started in the third quarter of 2013 when the economy grew by 0.1 percent.