A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Spain ’
The general, and the specific
The airwaves, the digital networks, the world - is awash with fears about the euro and Greece/Spain/Italy+.
The lack of growth and lack of believable policies that could lead to growth, drives the reluctance of investors to throw money at the market. ...
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So much for ‘the Spanish dream’: Euro crisis turns suburbs into ghost towns – msnbc.com
msnbc.comSo much for 'the Spanish dream': Euro crisis turns suburbs into ghost townsmsnbc.comToday, it is one of 12 near ghost towns in Spain, a country that -- despite being the European Union's fifth-largest economy -- is teetering on the...
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Pressure on EU leaders to solve Greek crisis – MiamiHerald.com
CNBC.comPressure on EU leaders to solve Greek crisisMiamiHerald.comBy SARAH DiLORENZO and DON MELVIN AP BRUSSELS -- Europe's leaders gather in Brussels under mounting pressure to soften their tough-love approach to the weaker economies among them. ...
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Pressure on EU leaders to solve Greek crisis – The Associated Press
The Associated PressPressure on EU leaders to solve Greek crisisThe Associated PressHigh borrowing rates are at the heart of Europe's crisis and are what caused Greece, Ireland and Portugal to seek bailouts. "Europe has to come up with an answ...
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Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion – Bloomberg
Telegraph.co.ukSpain to Recapitalize BFA-Bankia as Lender Needs $11 BillionBloombergSpain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with ...
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Hollande Defies German Crisis Handling on Euro Bonds, Banks – Bloomberg
French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that...
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Pressure on EU leaders to solve Greek crisis – Atlanta Journal Constitution
Atlanta Journal ConstitutionPressure on EU leaders to solve Greek crisisAtlanta Journal ConstitutionHigh borrowing rates are at the heart of Europe's crisis and are what caused Greece, Ireland and Portugal to seek bailouts. "Europe has to come...
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The Euro Zone Crisis: A Primer – New York Times (blog)
New York Times (blog)The Euro Zone Crisis: A PrimerNew York Times (blog)What about the social and geopolitical effects if Greece leaves the euro? The social effect of the crisis is already visible in jobless numbers, which are at depression levels in S...
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Greeks embrace some new myths about life with the euro – Chicago Tribune
Telegraph.co.ukGreeks embrace some new myths about life with the euroChicago TribuneATHENS (Reuters) - In a land of ancient myths, modern Greeks have created some of their own about their near-bankrupt country's future as an integral part of a Euro...
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European Crisis Live: Cautious Rebound in Asia Lifts Markets Ahead of Summit – IBTimes.co.uk
IBTimes.co.ukEuropean Crisis Live: Cautious Rebound in Asia Lifts Markets Ahead of SummitIBTimes.co.ukBy Martin Baccardax: Subscribe to Martin's RSS feed The Euro pops past 1.2805 against the dollar as the tone improves across all asset classes. Pe...
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Market ‘Freaking Out’ Over Greece, JPMorgan: O’Neill – CNBC.com
Globe and MailMarket 'Freaking Out' Over Greece, JPMorgan: O'NeillCNBC.com"The US is on the mend, and yet the markets are now obviously worried about the interconnectivity of bank lending because of the unfortunate recent episode of JP...
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European Crisis Live: Markets Poised for Spanish Turbulence as EU Summit Awaits – IBTimes.co.uk
IBTimes.co.ukEuropean Crisis Live: Markets Poised for Spanish Turbulence as EU Summit AwaitsIBTimes.co.ukOnly today, in fact, did we hear from a Germany government spokesperson that Eurobonds are "not the tool to overcome the current crisis"....
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Crude down, hits biggest 3-week loss since Aug ’11 – Reuters
DAWN.comCrude down, hits biggest 3-week loss since Aug '11Reuters| NEW YORK (Reuters) - Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of contagion...
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Euro Crisis Resolution Sought by France-Germany Following G-8 – San Francisco Chronicle
Irish TimesEuro Crisis Resolution Sought by France-Germany Following G-8San Francisco ChronicleMay 21 (Bloomberg) -- German and French leaders meet this week to map out a revised plan for the euro as the Group of Eight exposed disagreement on a rescue ...
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Euro Crisis Resolution Sought by France-Germany Following G-8 – BusinessWeek
The GuardianEuro Crisis Resolution Sought by France-Germany Following G-8BusinessWeekBy Patrick Donahue on May 20, 2012 German and French leaders meet this week to map out a revised plan for the euro as the Group of Eight exposed disagreement on a resc...
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Spanish banks don’t need European rescue: PM – Full Story
Spanish banks don’t need European rescue: PM (via AFP) Spanish Prime Minister Mariano Rajoy said he did not believe that Spain’s banks would need rescuing by Europe. “I don’t think so,” Rajoy told journalists on Saturday after arriving in Chicago to take part in a two-day NATO summit, expressing surprise after French President Francois...
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Spain’s ‘indignants’ have huge support: poll – Full Story
(via AFP) Spain’s “indignant” protest movement against economic inequality and spending cuts continues to enjoy widespread support a year after it was launched, a poll published on Sunday showed. Overall 68 percent of Spaniards said they had sympathy for the movement, compared to 66 percent who expressed that…
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Bankia conned us, Spanish pensioners say- Full story
(via AFP) Pensioners with shares in Spain’s nationalised financial giant Bankia say it cheated them into buying its stock, which has plummeted in value. Bankia has taken centre-stage in Spain’s financial crisis in the past week, and the price of its shares, unwittingly bought by savers like pensioner Saturnino…
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Greece tops G8 agenda as eurozone crisis snares Spain – Full story
(via AFP) Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States on Friday. The Group of Eight top economies come together as Greece faces its second election in just six weeks, putting its eurozone…
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Spain’s troubled Bankia sees stock soar 25.88% – Full Story
(via AFP) Shares in Spain’s troubled Bankia soared 25.88 percent on Friday as the financial sector staged a dramatic recovery a day after 16 banks were sharply downgraded by Moody’s. Just a day after Bankia’s stock was hammered by a hotly denied report of a run on its funds, and hours after Moody’s Investors…
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Spain beset by bank crisis, downgrades, bond pressure | Reuters
Spain’s borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders – including the euro zone’s biggest – having their credit ratings cut. Official data confirmed Spain was back in recession and a newspaper reported a big...
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EURO GOVT-Greek dilemma, bank worries hit Spanish bonds – Reuters
Moneycontrol.comEURO GOVT-Greek dilemma, bank worries hit Spanish bondsReuters* Bund futures hit record highs; Spanish yields up * Concerns revolve around Spain's banks, funding costs * Spain finds domestic buyers for bonds at higher yields * Some ...
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Euro stocks slump, euro hits four-month dollar low – Full Story
(via AFP) Europe’s main stock markets tumbled Thursday and the euro hit a new four-month dollar low as worries spiked over the eurozone debt crisis that is plaguing Greece and now circling Spain. In afternoon deals, London’s benchmark FTSE 100 index dropped 0.92 percent to 5,355.57 points and Frankfurt’s DAX…
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Spain’s Bankia plunges on report of huge withdrawals- Full story
(via AFP) Shares in Spain’s Bankia, taken over by the state because of its troubled loans, plunged Thursday after a newspaper said that clients had withdrawn more than one billion euros ($1.27 billion) in the past week. Shares in the bank, created in 2010 from a merger of seven savings banks, dropped by 27.49…
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Spanish borrowing costs jump- Full story
(via AFP) Spain’s borrowing costs surged at a bond auction Thursday as official data confirmed the country fell back into recession in the first quarter due to government austerity measures. The treasury raised 2.494 billion euros ($3.173 billion) in a sale of three- and four-year bonds, near the maximum targeted…
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Spain into recession, EU gears up for crisis talks- Full story
(via AFP) Spain tumbled into recession and European stock markets fell Thursday as Greece installed a crisis government to tackle its crippling debt and top EU leaders prepared for crisis talks. European leaders were to hold a videoconference later in the day, initially to discuss an upcoming G8 meeting of industrialised…
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Spain sells 3, 4 year bonds at higher rates – Full Story
(via AFP) Spain raised 2.494 billion euros ($3.173 billion) in a sale of three- and four-year bonds Thursday that saw Madrid pay higher rates, a sign of mounting concern over its debt position. The treasury paid interest rates of between 4.375 and 5.106 percent, up sharply from the last comparable operations…
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Greek uncertainty leaves US stocks in red (via AFP) Full Story
Greek uncertainty leaves US stocks in red (via AFP) US stocks closed firmly in the red Monday as Greece’s political stalemate and Spain’s banking problems drove new fears about the strength of the eurozone. Meanwhile turmoil at JPMorgan Chase over its $2 billion derivatives loss announced last week kept US bank shares under pressure....
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US Treasurys Rally On Greece Fears; Yields Test Historic Lows – Wall Street Journal
BloombergUS Treasurys Rally On Greece Fears; Yields Test Historic LowsWall Street JournalBy Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The global scramble for safe-haven assets sparked by Greece's political shuffle is firing up deman...
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