Spain’s Nuñez slams ECB gossip, preps cédulas coda

Soledad Nuñez, director general of treasury and financial policy for the Kingdom of Spain, said yesterday (Thursday) that she hoped to begin the public consultation on the secondary regulations supporting the update of Spain’s cédulas framework by the end of this month. She also decried what she said were misrepresentations of the country’s economic health, in particular the Spanish banking system’s supposed heavy reliance on the European Central Bank for liquidity.