Spain is expected to strong-arm its banks into buying more government debt in exchange for aid, after Madrid was forced to borrow up to €100bn from its European partners to bail out its banks, adding to the nation’s debt and making future bond sales more difficult. Yields on 10-year Spanish debt breached 7% last week,…
Tag Archive for Financial Stability
European Crisis, Latest Business Headlines
Italy ‘will not need a bailout’, says Monti
by Newswires • • 0 Comments
Italy ‘will not need a bailout’, says Monti (via AFP) Italy will not need a bailout to survive the economic debt crisis, Prime Minister Mario Monti said in an interview with German radio on Tuesday, amid fears Rome may be forced to call for aid. “Italy even in the future will not need aid from…
European Crisis
Monti Struggles to Keep Italy From Being the Next Domino to Fall – NYTimes.com
by Newswires • • 0 Comments
…On Monday, as concern grew about Italy’s prospects, investors were dumping Italian government bonds, causing the price to fall and the yield — a measure of the government’ borrowing costs and of investors’ perception of risk — to rise… Italy’s pressing issues include the fact that Spain’s acceptance of a bailout means Madrid can no…
Latest Business Headlines
Germany comes round to idea of soft bailout for Spanish banks | In English | EL PAÍS
by Newswires • • 0 Comments
Germany is beginning to take on board Spain’s idea that a bailout for the Spanish banking system should not be on the same onerous terms as those imposed on Greece, Ireland and Portugal in exchange for their full-scale rescue programs, German sources said Wednesday. Although Germany remains opposed to Spain’s demands that banks be allowed…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Do We Really Know Greece’s Default Will Be Orderly?
by Charles Hugh Smith • • 0 Comments
The market seems to be pricing in an orderly Greek default or a successful “firewall” around the potential instability. Are the unknowns really all known?
The equities market is acting like we know Greece’s default will be orderly and no threat …
Bears Chat, Best of the Forums, Must Read
Wall Street versus Elizabeth Warren
by Bears Chat at The Wall Street Examiner • • 0 Comments
Karl Rove’s Crossroads GPS group has launched the first attack ad against Elizabeth Warren, presumably because she is now running hard for the Senate in Massachusetts. This ad is not a big surprise, but the line that Mr. Rove takes could well bac…
Bears Chat, Best of the Forums
Europe Might Have Blown Last Chance to End Its Crisis: View
by Bears Chat at The Wall Street Examiner • • 0 Comments
Europe Might Have Blown Last Chance to End Its Crisis: View
By the Editors Oct 30, 2011 7:00 PM ET 26
After an initial bounce, markets demonstrated a lack of confidence in Europe’s resolve to protect solvent governments from the financial malaise a…
Bears Chat, Best of the Forums
Europe – "The men without qualities"
by Bears Chat at The Wall Street Examiner • • 0 Comments
Oct 29, 2011
The men without qualities
By Chan Akya
By far the biggest problem is the one involving the European Financial Stability Fund (EFSF), where the promise had been to increase its size from 440 billion euros (US$606 billion) to over 1 tri…
Bears Chat, Best of the Forums
Morgan Stanley Analysis – After the ECB Conference Call
by Bears Chat at The Wall Street Examiner • • 0 Comments
Standard & Poor’s downgrade of the US debt rating and increased tension in the Eurozone debt crisis have significantly increased downside risks and the probability of a bigger market correction in the near term. The downgrade, while not unexpected and …
Bears Chat, Best of the Forums
Parents Are Losing Faith in The American Dream
by Bears Chat at The Wall Street Examiner • • 0 Comments
In the wake of the Great Recession, Americans are increasingly pessimistic about their own finances and their children’s prospects for economic advancement. And while most believe the government should continue to promote upward mobility, there i…
