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Tag Archive for Spain
European Crisis
Spanish Yields at 7% Show Investors Slamming Door: Euro Credit – Bloomberg
by Newswires • • 0 Comments
Investors who oversee more than $3.2 trillion expect Spain to become the fourth euro member to need external funding as borrowing costs surge to levels too punitive for the nation to finance its needs on the capital markets. Spanish debt has slumped, pushing the 10-year yield today to a euro-era record of 7.14 percent, as…
Latest Business Headlines
No let-up for Spain, Italy pain after Greek vote | Reuters
by Newswires • • 0 Comments
Spain called on Monday for the European Central Bank to step in to fight financial market pressure after any hopes that the Greek election result might ease the strain on vulnerable Spanish and Italian debt were dashed… The yield on Spain’s 10-year bond went above the 7 percent widely viewed as unsustainable. Italy’s was just…
European Crisis
Spanish bonds react (badly) to Greek election|FT Alphaville
by Newswires • • 0 Comments
If this is the reaction to a New Democracy victory goodness knows what would have happened if the ‘bad guys’ had gotten in. That’s Spain’s 10 year bond yield at 7.1 per cent according to Bloomberg’s composite data. via FT Alphaville » Spanish bonds react (badly) to Greek election….
European Crisis, Latest Business Headlines
Spain suffers as sentiment sours post-Greek election | Reuters
by Newswires • • 0 Comments
(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…
Latest Business Headlines
German bank chief urges conditions on Spain rescue – Full story
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European Crisis, Must Read
Draghi Indicates E.C.B. Is Ready to Help in Case of Market Turmoil But There’s A Catch
by Newswires • • 0 Comments
The head of the European Central Bank said Friday that central banks were ready to step in to address any financial market turmoil that might result from elections in Greece this weekend that could help to decide the future of the euro. “The Eurosystem will continue to supply liquidity to solvent banks where needed,” Mario…
European Crisis, Must Read
EU Smiled While Spain’s Banks Cooked the Books, and Now We’re Surprised?
by Newswires • • 0 Comments
…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…
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Spain issues dramatic messages of impending eurozone doom | Business | guardian.co.uk
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A panicky Spanish government issued dramatic messages of impending doom for the eurozone on Thursday as its borrowing costs reached unsustainable levels and foreign minister José Manuel García-Margallo claimed that the EU may need to act within hours. “The future of the European Union will be played out in the next few days, perhaps in…
European Crisis
Debt crisis: Bailed-out Spain pleads for aid from European Central Bank – Telegraph
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By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…
