Tag Archive for Madrid

Spain suffers as sentiment sours post-Greek election | Reuters

(Reuters) – Spanish bond yields hit a new euro-era high above seven percent and Italian yields jumped on Monday as initial relief after a pro-bailout victory in Greek elections gave way to pessimism about the huge problems still facing the currency bloc. The swift reversal in sentiment saw German Bund futures rise, quickly erasing early…

Monti Struggles to Keep Italy From Being the Next Domino to Fall – NYTimes.com

…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…

Spanish Bond Auction Succeeds Under Intense Scrutiny – NYTimes.com

PARIS — Spain carried out a successful bond auction Thursday under intense scrutiny, even as expectations are growing that Madrid will soon ask other European nations to bail out its banking sector. The Spanish Treasury sold about 2.1 billion euros, or $2.6 billion, of bonds, slightly more than planned, after demand proved unexpectedly strong. The…

Germany working on face saving aid deal for Spain – European, Business – Independent.ie

A DEAL is in the works that would allow Spain to recapitalise its stricken banks with aid from its European partners but avoid the embarrassment of having to adopt new economic reforms imposed from the outside, German officials say. While Berlin remains firm in its rejection of Spain’s calls for Europe’s rescue funds to lend…