Spanish banks are borrowing record amounts from the European Central Bank as the country's financial institutions struggle to gain funding from the international capital markets.

Spanish banks borrowed €85. 6 billion ($105. 7 billion) from the ECB last month.  This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16. 5 percent of net eurozone loans offered by the central bank.

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