Saturday, June 9, 2012

Spanish Bailout

  • The Spanish acceptance of aid for its banks is a big embarrassment for Prime Minister Mariano Rajoy, who insisted just 10 days ago that the banking sector would not need a bailout. He was elected in November and walked right into a hurricane.
  • (msnbc.com)
  • The markets made some progress last week based mainly on speculation a bailout for Spanish banks was coming soon.
  • (Seekingalpha.com)
  • The Spanish parent of Boston-based Sovereign Bank has been battered by the European economic crisis in recent months, but insists it remains financially strong and doesn't need a bailout.
  • (The Boston Globe)
  • The Australian share market is set to climb higher on Tuesday when it plays catch-up to the reaction of global equities markets to Europes 100 billion euros ($A126 billion) bailout of Spanish banks.
  • (Sydney Morning Herald)
  • Spains decision to request a loan of up to 100bn euros ($125bn; £80bn) from eurozone funds to help shore up its struggling banks has won broad support.
  • (BBC News)
  • Sydney - The austerity measures imposed by Germany as a condition of its funding the Greek bailout are repulsive and unworkable. They truly stink. But- Spain and the other faltering EU economies are proving the Germans right about the need for controls.
  • (Digital Journal)
  • MADRID: Financial markets speculated Friday on a vast, European bailout for Spains distressed banks as soon as this weekend, even as Madrid denied knowledge of the plan.
  • (Economic Times)
  • Euro zone finance ministers meet to discuss a bailout of Spains banks on Saturday, although officials have sought to emphasise that the Spanish troubles were spawned by a burst property bubble rather than by government finances as in Greece.
  • (Yahoo Finance)
  • MADRID—Spain declared Tuesday it is being virtually shut out of stormy credit markets but a bailout is technically impossible for the eurozone's fourth-biggest economy.
  • (The Vancouver Sun)

No comments:

Post a Comment