Tag Archive for Spain

Spain-Italy 10-year spread drops below zero – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. In the spring of 2012, Spain’s 4th largest bank Bankia requested a bailout of €19 billion and it became clear that the whole of Spanish banking system will need government support. The world’s markets had suddenly shifted their…

With the ECB easing inevitable, periphery yields hit new lows- Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As France and Germany PMI measures converge on the rest of the Eurozone and with the area as a whole in a contraction mode, it is becoming increasingly clear that the ECB is likely to ease monetary policy…

Trends behind declining LTRO balances; Italy overtakes Spain as the largest LTRO borrower – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As European banks find some private sources of capital to fund themselves, they continue to repay their ECB loans – particularly in the 3y LTRO program. FoxBusiness: – Next week, nine banks will repay just over 4 billion…

Spain’s banking system bleeding contained for now – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Spain’s banking system continues to struggle, with Bankia reporting more losses and tapping the government’s bailout vehicle. The Guardian: – Spain’s answer to RBS – Bankia – published the worst results ever seen by a Spanish corporation, racking…