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Financial Post
11:32 AM - Public"The problem for Italy is that where Spain goes, there’s always the perception that Italy could follow."
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Spain and Italy shared the spoils after an enthralling opening Group C encounter at the Arena Gdansk produced a 1-1 draw -http://uefa.to/OcwMHq
Who was the best player in this match?
Who was the best player in this match?
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Euro Crisis News Overview
10:33 AM - PublicVia +Matthew Olney
A series of text messages between Mariano Rajoy and finance minister Luis de Guindos gives an insight as to how the Spanish managed to get such a good deal for its banking bailout compared to other nations. Spain’s neighbour Portugal is feeling slightly aggrieved as it has had to endure strict austerity measures and the humiliation of EU interference.
According to the newspaper El ...
Expand this post »A series of text messages between Mariano Rajoy and finance minister Luis de Guindos gives an insight as to how the Spanish managed to get such a good deal for its banking bailout compared to other nations. Spain’s neighbour Portugal is feeling slightly aggrieved as it has had to endure strict austerity measures and the humiliation of EU interference.
According to the newspaper El ...
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Financial Times
8:48 AM - PublicSpain's bailout lite: how the rescue differs from Greece
Read our Q&A on the bank funding: http://on.ft.com/KtcsiM
Read our Q&A on the bank funding: http://on.ft.com/KtcsiM
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Euro Crisis News Overview
9:27 AM - Public"Whoever gives money, never gives it for free," Mr. Almunia said. "There're people coming here (to Spain) to make sure the money will be properly used."
Amadeu Altafaj, a Commission spokesman, said European Union funding will carry "strict conditions" on the oversight of Spain's banking reform. Mr. Altafaj, who like Mr. Almunia is Spanish, said the loan's conditions will be subject to the country hitting previously agreed macroeconomic targets.
#eurocrisis
Amadeu Altafaj, a Commission spokesman, said European Union funding will carry "strict conditions" on the oversight of Spain's banking reform. Mr. Altafaj, who like Mr. Almunia is Spanish, said the loan's conditions will be subject to the country hitting previously agreed macroeconomic targets.
#eurocrisis
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Euro Crisis News Overview
9:53 AM - PublicVia +KP Finance
“The scrutiny of Italy is high and certainly will not dissipate after the deal with Spain,” Nicola Marinelli, who oversees US$153 million at Glendevon King Asset Management in London, said in an interview. “This bailout does not mean that Italy will be under attack, but it means that investors will pay attention to every bit of information before deciding to buy or to sell Italian bonds.”
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“The scrutiny of Italy is high and certainly will not dissipate after the deal with Spain,” Nicola Marinelli, who oversees US$153 million at Glendevon King Asset Management in London, said in an interview. “This bailout does not mean that Italy will be under attack, but it means that investors will pay attention to every bit of information before deciding to buy or to sell Italian bonds.”
#eurocrisis
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Euro Crisis News Overview
9:29 AM - PublicGerman editorialists on Monday say Spanish Prime Minister Mariano Rajoy made the right decision by bowing to pressure from the rest of the EU, but add that the rescue of up to €100 billion ($126 billion) is likely to bring only temporary relief in the euro crisis, with the Greek election just six days away. Commentators also say the wrangling that preceded Spain's call for aid suggests that even with the crisis in its third year, Europe's crisis management remains sluggish and unwieldy.
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#eurocrisis
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OccupyYourLives
11:33 AM - PublicSpain, a eurozone behemoth, is in the crosshairs of Europe's financial crisis. The country is suffering from soaring borrowing costs, a banking system leaking cash and unemployment rates at devastating levels.
Greece might be teetering toward expulsion from the eurozone but Spain's situation is now the focus of concern. If such a major economy were to fail, the repercussions could cause unprecedented havoc across Europe -- and the globe.
Just how bad is the pain in Spain?
http://www.cnn.com/2012/06/07/business/spain-euro-crisis/index.html?eref=rss_world&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_world+%28RSS%3A+World%29
Greece might be teetering toward expulsion from the eurozone but Spain's situation is now the focus of concern. If such a major economy were to fail, the repercussions could cause unprecedented havoc across Europe -- and the globe.
Just how bad is the pain in Spain?
http://www.cnn.com/2012/06/07/business/spain-euro-crisis/index.html?eref=rss_world&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_world+%28RSS%3A+World%29
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From the web
WASHINGTON – A $125 billion plan to rescue Spain's banks won't solve Europe's debt crisis or ease the pain of double-digit unemployment across the continent. But it is likely to calm financial markets and buy time for European policymakers to work with other weak economies threatening the ...
Mahesh Paolini-Subramanya
11:37 AM - PublicBig Gun™ used on Spain Fizzles. Badly
Ok, maybe not the Big Gun™, but certainly a Big Gun™
#EuroCrisis
Ok, maybe not the Big Gun™, but certainly a Big Gun™
#EuroCrisis
