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…
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…
In the past, every time European leaders have huddled together and announced a plan to douse the latest fire in Europe, the financial markets have…
(Reuters) – Europe’s plan to lend money to Spain to heal some of its banks may not work because the government and the country’s lenders…
Moneycontrol.comEURO GOVT-Spanish bonds stable after auction, French yields dipReuters* Spanish sale meets expectations, French goes well * Markets looking for dovish signals at ECB meeting * Bunds stable, Spanish yields keep close to 6 pct By Marius Z…
The world gave the appearance of doing nothing and going nowhere over the past month – apart from the sensational liaison of Kim Kardashian and Kanye West, which, some believe, augurs a dazzling speed-up of the much prayed-for economic recovery, return to full employment, $2.50 gasoline by summer, and the selection of Jesus Christ as VP running mate by Mitt Romney – but, in fact, so much trouble is roiling under the surface…
Despite all of its best hopes, Wall Street will never escape what’s happening in the Eurozone. The 1 trillion euro ($1.3 trillion) slush fund created to keep the chaos at bay is not big enough. And it never was.
Rating cut puts Spain back on crisis radar
On Friday October 14, 2011, 6:18 am EDT
MADRID (Reuters) – Standard & Poor’s cut Spain’s credit rating on Friday, sending the euro briefly lower and underlining the challenges facing Europe’s major powers as…
