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Financial Markets: Headlines for January 26 « Finance Room
By fvtaiwan
The European Financial Stability Facility's (EFSF) launched its 5-year bond issue on Tuesday and described interest as “exceptionally strong” with orders of €44.5bn versus €5bn on offer; the bond was priced with a yield of 2.892%; ... US President Obama will reportedly propose a 2yr extension to a spending freeze on non-security discretionary spending (about 14% of the budget). € Spain Economy Minister Salgado said late Monday that Spanish banks require no more than €20bn ...
Finance Room - http://financeroom.wordpress.com/
FT.com / Brussels / Economy - Solid demand for Spanish bonds as ...
“It has become a European crisis. It's not just a Spanish crisis,” said David Stix, ... José García Cantera, chief executive of Banesto, a domestic Spanish bank ... appears to have persuaded investors that it has its budget deficit under control and ... head of financial markets research at EFG Eurobank in Athens. ...
www.ft.com/.../7afa79f6-1f46-11e0-8c1c-00144feab49a.html
Spain Bonds, Bank Shares Fall on Capital-Plan Concern - Bloomberg
Spanish bond yields rose and bank stocks fell, indicating the blueprint Finance Minister ... “It should also strengthen trust and confidence in the financial sector in Spain.” Salgado said the program wouldn't affect the government's budget deficit, which will ... Wall Street Partying in Davos as Crisis Angst Fades ...
www.bloomberg.com/.../spanish-banks-capital-need-won-t-ex...
Spanish bond auction adds to optimism - The Irish Times - Fri, Jan ...
“It has become a European crisis, it's not just a Spanish crisis,” said David Stix ... José García Cantera, chief executive of Banesto, a domestic Spanish bank controlled by Santander, agreed. ... appears to have persuaded investors that it has its budget deficit under ... Copyright The Financial Times Limited 2011 ...
www.irishtimes.com/newspaper/finance/.../1224287488328.ht...
Madrid Financials
A trader looks a screen at the Spain's Stock exchange in Madrid, Thursday, Nov ... Savings banks urged to recapitalise * Econ. secretary says solvency must be ... PARIS: Spain has every chance of rising above its economic crisis if it ... in narrow ranges Thursday after a successful Spanish bond auction provided ...
archive.wn.com/2011/01/16/1400/madridfinancials/
The squeeze on Spanish banks | Karen Maley | Commentary | Business ...
Spain's banks are once again unsettling markets following the government's ... That's certainly the worry after Spanish bond yields edged higher, ... The ratio will be even higher for financial institutions that are unlisted or ... the eurozone debt crisis, Spain's socialist government has outlined budget cuts that ...
www.businessspectator.com.au/.../The-squeeze-on-Spanish-ba...
Euro zone escalation fears ease after Spain auction - Yahoo! News UK
But in a reminder that Spain's financial sector remains vulnerable, retail bank Banesto announced its profit had tumbled nearly 20 percent last year due to ...
uk.news.yahoo.com/22/.../tts-uk-eurozone-ca02f96.html
Russia not planning to buy Spanish bonds | euronews, economy
Kudrin said Spain's bonds are still too risky an investment, but that Russia could be interested in investing in bonds from the euro zone's European Financial Stability ... willingness to further support the euro zone's efforts to see off its debt crisis. ... 5Wikileaks WikiLeaks handed secret Swiss banking data ...
www.euronews.net/.../russia-not-planning-to-buy-spanish-bon...
Nikkei at 8-mth high as property, financials shine | Reuters
Financials, which led Wednesday's advance, extended gains as foreign ... Banks are also attractive due to their high dividend yields, now at an average 2.8 ... be limited today as traders wait for the Spanish bond sale," said Yumi Nishimura , ... Spain is likely to pay a premium to sell up to 3 billion euros ($3.94 ...
www.reuters.com/article/idUSTOE70C02D20110113
INs and OUTs - week of January 18, 2011 | J.P. Morgan
The budget deficit for 2009 was 11% of GDP, but prior to the crisis it had been in ... The low level of Spanish bank reserves seems inadequate given the increase in .... Spanish and Italian bond auctions, and amid signs that the European Central ... Join us for a discussion on the impact of the financial crisis on ...
www.jpmorgan.com/pages/ins_and_outs_01_18_11
EU Debt Crisis - Spanish Banks Not Reliant on ECB: Finance ...
She is confident the recent stress tests imposed on the Spanish banks mean there ... In Spain, 95 percent of the financial system went to the stress tests ...
www.cnbc.com/.../Spanish_Banks_Not_Reliant_on_ECB_Fina...
Bond auctions calm Europe's debt tension - The Globe and Mail
Selling of debt in Spain, Italy successful even though buyers demand higher rates. ... The yields on new Spanish bonds rose more than Italy's, in recognition that the ... The Italian and Spanish debt auctions came as the Bank of England on ... Austerity programs across the EU are bringing down budget deficits. ...
www.theglobeandmail.com/report-on.../article1868301/
International Socialist Review -- Free speech under attack
This latest phase of the economic crisis centers on “sovereign ... Yet the troika's dubious rescue of Ireland didn't placate the bond ... Investors assume that the Spanish government will be compelled to prop up the banks that are full of ... Management and Budget—a mere rounding error in U.S. government budgets. ...
www.isreview.org/issues/75/rep-austerity.shtml
Spanish Finance Minister Asserts Soundness of Banking Sector ...
Ms. Salgado also said all Spanish financial institutions, including the weakest savings ... year because of its high budget deficit and a banking sector that has €180.8 billion, ... according to an analysis published in October by the Bank of Spain. ... A €3 billion bond auction attracted strong demand this month, ...
www.nytimes.com/2011/01/25/business/.../25banks25.html
Spain « Euro area debt crisis
First, Spanish government bond yields have come down marginally in the past few ... made this impossible without sparking a new financial and sovereign debt crisis. .... based on concerns over the country's ability to rein in its budget deficit. ... Filed under Spain Tagged with banks, bond issues, Moody's, Spain ...
eiueuroareadebtcrisis.wordpress.com/category/spain/
Euro Fears Eased, for Now
And though the interest rate the Spanish government had to pay rose, ... 4, as the bond market pressure on countries like Portugal and Spain eased further. ... current bailout rescue fund — the so-called European Financial Stability ... The European Central Bank itself is taking a more central role in the crisis. ...
www.thefiscaltimes.com/.../AP-EU-Europe-Financial-Crisis.asp...
Spain warns against state spending spree | The New Age Online
Bad times: Thousands of people demonstrated against the financial crisis in Spain in Valencia. ... with the right to issue bonds to finance their expenses. ... and Poor's forecast that Spain's regions would register their worst budget ... All eight major Spanish banks passed the EU's bank stress tests on their ...
www.thenewage.co.za/8221-1026-53-Spain_warns_against_st...
One Step Forward in the Euro Zone? - Roubini Global Economics ...
Just as the European Central Bank announced that Spanish bank borrowing ... 2) This then will be the first de facto step of Spain into the arms of the EFSF ... As such, if it is part of a general euro zone backstop to the Spanish financial .... interest on their government bond portfolio but the former has a budget ...
www.roubini.com/euro.../one_step_forward_in_the_euro_zon...
Euro holds ground after Spanish auction | The Journal Gazette ...
Buying bonds supports their prices, taking pressure off the banks that hold them . ... the real concern is stopping the crisis spreading to Spain. ... The nation's biggest farm lobbying group supports a balanced budget. ...
www.journalgazette.net/article/20110113/BIZ/.../1031/BIZ
New steps on Spain needed to contain euro crisis 2011
But upward pressure on Spanish government bond yields this week -- Spanish ... " The one box that remains to be ticked is their banks -- this is very much what ... market will worry that Spain will have to receive some financial support. ... The government has pledged to cut its budget deficit from an estimated 9.3 ...
www.barcelonareporter.com/index.php?/news/...on...
EU FinMins will approach expanding the EFSF
The European Finance Ministers will meet today with the Debt Crisis on focus. ... Currently the spreads on 10-yr Portuguese and Spanish bonds that had been tightening for ... Euro under pressure ahead of this week's bond acutions by KBC Bank ... EUR/USD reaches 1.3170 high after Spain's debt auction by FXstreet.com ...
www.fxstreet.com/fundamental/market-view/european.../17/
Markets give thumbs down to Spanish bank recapitalisation
EFSF bond auction a big success, but the Irish are wondering whether the ... With the financial crisis, attitudes towards the EU have fallen significantly. ...
www.eurointelligence.com/index.php?id=581&tx...
European financial crisis over? The stock market disagrees with ...
When the economic crisis of 2008 hit, it ricocheted across Europe in different ways. ... that there were deep problems in the Spanish economy, etc. ... Mauldin says that Italy, Spain, Portugal, and Belgium will need to raise more than $800 ... the people who own the bonds—namely, the banks—usually take a hit. ...
www.slate.com/id/2281719/
Spanish bond yields rose and bank stocks fell as Salgado Fails to ...
Spain will also cause banks to adopt a core capital ratio, a measure of financial strength, ... The Bank of Spain decided in late September that lenders need capital ... The Socialist government is struggling to contain the budget deficit for ... Segundo Frente Spanish Crisis threat as interest rates rise Catalunya ...
www.compukoko.com/.../spanish-bond-yields-rose-and-bank-...
The euro area: Time for Plan B | The Economist
Spain has deep problems, but even with a big bank bail-out it should be able to keep its ... including issuing euro bonds, but they are unlikely to accept budget ... bond crises in the euro zone and spark a European banking catastrophe . ... A sovereign restructuring could still spook financial markets—fear that it ...
www.economist.com/node/17902709
The squeeze on Spanish banks | Karen Maley | Commentary | Business ...
Spain's banks are once again unsettling markets following the government's ... That's certainly the worry after Spanish bond yields edged higher, ... Analysts had estimated that the Spanish financial system would need between €45 ... of the eurozone debt crisis, Spain's socialist government has outlined budget cuts ...
businessspectator.mobi/.../The-squeeze-on-Spanish-banks-pd2...
¿Tiene salvación Europa? :: Periodismo :: Otros medios ...
Greek bonds, Irish bonds, Spanish bonds, Portuguese bonds - they all traded as if ... In late 2009, as much of the world was emerging from financial crisis, ... As a result, both Spain and Ireland went from budget surpluses on the eve ... Big Spanish banks were well regulated by comparison, but there was and is a ...
www.periodistadigital.com/.../-tiene-salvacion-europa-.shtml
German Ifo survey, banks boost Europe Europe Markets - MarketWatch
Bond Report | Oil News | Earnings Watch ... “This should help Germany's industrial production return to pre-crisis levels by 2012,” ... Spokesman Alfredo Perez Rubalcaba said Friday that the Spanish ... driven chiefly by financials such as Credit Agricole SA .... With budgets tight, homeowners can't waste space. ...
www.marketwatch.com/.../bank-stocks-underpin-europe-asml-...
Global Economy Matters: One Step Forward in the Euro Zone?
... in the context of the European debt crisis which I unilaterally applaud ... Just as the European Central Bank announced that Spanish bank borrowing ... As such, if it is part of a general euro zone backstop to the Spanish financial .... on interest on their government bond portfolio but the former has a budget ...
globaleconomydoesmatter.blogspot.com/.../one-step-forward-i...
Bunds Rise as EFSF Debut Bond Sale 'Takes Pressure Off Germany ...
Spanish bonds fell as the nation sold bills and its plan to bolster lenders failed to calm ... Spain will also make banks adopt a core capital ratio, ... month after political leaders agreed to fast-track final approval of the budget. ... in the region's debt crisis is forcing investors to rethink their strategies , ...
www.businessweek.com/.../bunds-rise-as-efsf-debut-bond-sale...
Successful bonds sales calm European debt fears | Financial News
Reflecting the precarious balance on financial markets, analysts welcomed Spain's plan to make its ailing savings banks set aside more reserves — but warned ...
finance.blogrange.com/.../successful-bonds-sales-calm-europe...
A Weak Euro Gives Germany More Power - Newsweek
To compare financial assistance from Berlin to a concentration camp is, of course, ... 2, France, is judged by bond markets to be a potential problem. ... The message, intentional or otherwise, was that the ongoing euro crisis has ... As Germany's banks and savers invested in Spanish real estate and Greek ...
www.newsweek.com/2011/01/23/to-rule-the-euro-zone.html
Spain Grabs the Bull by the Horns | Spanish Property News
Most analysts believe this month's disclosure exercise will reveal that Spanish banks need a little more capital, but not enough to cause Spain to go ...
news.kyero.com/2011/01/.../spain-grabs-the-bull-by-the-horns...
Spain to Issue 3b in Debt to Help - Mark's Market Analysis
The Spanish government is planning to raise as much as 30 billion euros in total , although the figure may be less, ... Swiss National Bank May Post Record Loss on Interv. ... Spanish Bond Auction · Democrats Question Bank of America Settlement .... has worked for Principal Financial group and Fidelity Investments, ...
www.marksmarketanalysis.com/.../spain-to-issue-3b-in-debt-to...
EU ministers in debt crisis talks
EUROPEAN finance ministers will meet in Brussels today to discuss measures to tackle the ... there have been fears that Spain or Portugal could follow suit. ... them with expensive rescue loans, on the condition of steep budget cuts. ... Spanish bonds, doing on a larger scale what the European Central Bank has so ...
www.smh.com.au/.../eu-ministers-in-debt-crisis-talks-2011011...
Greece default with Ireland breaks euro by 2016: poll
Spanish bond yields climbed 10 basis points to 5.25 per cent, while the yield on ... Two-thirds of the investors said Spain won't default and three-quarters didn 't ... Forty-six percent see a good chance US will be infected by the crisis, ... Asked if they expected governments to take steps to rein in bank bonuses, ...
www.businessday.com.au/.../greece-default-with-ireland-break...
European ministers to spar over bailout fund - Forbes.com
... capital injections for big banks pushed the country's budget deficit to almost one-third ... Spain's economy makes up about 10 percent of the eurozone's gross ... to re-capitalize wavering banks could attack the crisis at its roots, ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.forbes.com/.../business-eu-europe-financial-crisis_82599...
European ministers consider boosting bailout fund | The Daily ...
... massive capital injections for big banks pushed the country's budget deficit to ... Spain's economy makes up about 10 percent of the euro zone's gross domestic ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
dailycaller.com/.../european-ministers-consider-boosting-bailo...
Q+A: What steps might the EU take on its debt crisis? - World news ...
The nominal lending capacity of the European Financial Stability Facility, ... The idea of issuing joint euro zone bonds to help weak borrowers obtain money ... These include the possibility of more structural reforms to the Spanish economy ... The European Union plans to conduct a new round of bank stress tests , ...
www.msnbc.msn.com/id/41058011/ns/world_news-europe/
KYCR Business1570
Spain — the country that many analysts say could make or break the 17-country ... Spanish Finance Minister Elena Salgado said Monday the banks will need about ... The successful bond sales don't change the fundamental problems faced by ... News Topics: Financial crisis, Government securities, Banking and credit, ...
hosted2.ap.org/.../id-28248f609fa2490cab63e7af64c0f685
The Canadian Press: European finance ministers discuss giving ...
... massive capital injections for big banks pushed the country's budget deficit to ... Spain's economy makes up about 10 per cent of the euro zone's gross domestic ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.google.com/.../ALeqM5gaNNy1mzUkD51XEDUzN6y9...
European ministers to spar over bailout fund
Spain's economy makes up about 10 percent of the eurozone's gross domestic product and bailing it out ... large sums of money buying up government and bank bonds to stop panic on financial markets, Gros said. ... Europe debates overhaul of debt crisis response ... Belgium sets tough budget target despite gridlock ...
topnews360.tmcnet.com/.../135324-european-ministers-spar-o...
European ministers consider boosting bailout fund :: WRAL.com
... conditioned on steep budget cuts, when they run out of money. ... Spain's economy makes up about 10 percent of the euro zone's gross domestic product and bailing ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.wral.com/business/story/8942771/
The Monkey Cage: Not Just a German Problem: Lessons from the EMU ...
In effect, the global financial crisis - triggered by the fall of Lehman ... the bond markets shifted their focus to Portugal and Spain, and the crisis .... And given German banks' heavy exposure to Greek, Irish, Portuguese and Spanish bonds ... budget deficit, we risk deflating our way to another Great Depression. ...
www.themonkeycage.org/.../not_just_a_german_problem_less...
Spain's ECB Borrowings Rose in December
... in Portugal and Spain to boost growth and narrow budget deficits. Banco Bilbao Vizcaya Argentaria SA, Spain's second-biggest bank, on Jan. 4 sold 1.5 billion euros of three-year covered bonds at a spread of 225 basis points over swaps. ... the Bank of Spain said in its October financial stability report. ...
www.bloggersbase.com/.../spains-ecb-borrowings-rose-in-dece...
Irish Central Bank Prints Euros to Pay Bonuses. - NewsFeed ...
Now it looks as if Spain and ... The financial crisis wreaked havoc in ... of budget consolidation pay off and .... by purchases of Spanish bonds at a ...
newsfeedresearcher.com/data/articles.../euros-debt-portugal.ht...
Europe debates overhaul of debt crisis response
... which already has forced Greece and Ireland to implement painful budget ... Spain's economy makes up about 10 percent of the eurozone economy, ... Not all the bank's governing council are convinced that it should be buying bonds at all ... Despite the lack of decisions on the bailout fund, the finance ministers ...
www.huffingtonpost.com/huff.../eu-europe-financial-crisis/
EU ministers in debt crisis talks
The countries both had successful bond auctions last week, ... them with expensive rescue loans, on the condition of steep budget cuts. Giving the bailout fund broader powers, such as enabling it to intervene in financial markets in times of ... Spanish bonds, doing on a larger scale what the European Central Bank ...
www.theage.com.au/.../eu-ministers-in-debt-crisis-talks-20110...
Spain plans partial nationalisation of savings banks - Business ...
... a major risk for Spain's government as it aggressively cuts its budget deficit ... The key spread between Spanish 10-year bonds yields and German bunds was around ... While most of Spain's financial system passed Europe-wide stress tests on ... to grips with the debt crisis that has haunted it for over a year. ...
www.businessandfinance.ie/cat_news_detail.jsp?itemID=3600
By fvtaiwan
The European Financial Stability Facility's (EFSF) launched its 5-year bond issue on Tuesday and described interest as “exceptionally strong” with orders of €44.5bn versus €5bn on offer; the bond was priced with a yield of 2.892%; ... US President Obama will reportedly propose a 2yr extension to a spending freeze on non-security discretionary spending (about 14% of the budget). € Spain Economy Minister Salgado said late Monday that Spanish banks require no more than €20bn ...
Finance Room - http://financeroom.wordpress.com/
FT.com / Brussels / Economy - Solid demand for Spanish bonds as ...
“It has become a European crisis. It's not just a Spanish crisis,” said David Stix, ... José García Cantera, chief executive of Banesto, a domestic Spanish bank ... appears to have persuaded investors that it has its budget deficit under control and ... head of financial markets research at EFG Eurobank in Athens. ...
www.ft.com/.../7afa79f6-1f46-11e0-8c1c-00144feab49a.html
Spain Bonds, Bank Shares Fall on Capital-Plan Concern - Bloomberg
Spanish bond yields rose and bank stocks fell, indicating the blueprint Finance Minister ... “It should also strengthen trust and confidence in the financial sector in Spain.” Salgado said the program wouldn't affect the government's budget deficit, which will ... Wall Street Partying in Davos as Crisis Angst Fades ...
www.bloomberg.com/.../spanish-banks-capital-need-won-t-ex...
Spanish bond auction adds to optimism - The Irish Times - Fri, Jan ...
“It has become a European crisis, it's not just a Spanish crisis,” said David Stix ... José García Cantera, chief executive of Banesto, a domestic Spanish bank controlled by Santander, agreed. ... appears to have persuaded investors that it has its budget deficit under ... Copyright The Financial Times Limited 2011 ...
www.irishtimes.com/newspaper/finance/.../1224287488328.ht...
Madrid Financials
A trader looks a screen at the Spain's Stock exchange in Madrid, Thursday, Nov ... Savings banks urged to recapitalise * Econ. secretary says solvency must be ... PARIS: Spain has every chance of rising above its economic crisis if it ... in narrow ranges Thursday after a successful Spanish bond auction provided ...
archive.wn.com/2011/01/16/1400/madridfinancials/
The squeeze on Spanish banks | Karen Maley | Commentary | Business ...
Spain's banks are once again unsettling markets following the government's ... That's certainly the worry after Spanish bond yields edged higher, ... The ratio will be even higher for financial institutions that are unlisted or ... the eurozone debt crisis, Spain's socialist government has outlined budget cuts that ...
www.businessspectator.com.au/.../The-squeeze-on-Spanish-ba...
Euro zone escalation fears ease after Spain auction - Yahoo! News UK
But in a reminder that Spain's financial sector remains vulnerable, retail bank Banesto announced its profit had tumbled nearly 20 percent last year due to ...
uk.news.yahoo.com/22/.../tts-uk-eurozone-ca02f96.html
Russia not planning to buy Spanish bonds | euronews, economy
Kudrin said Spain's bonds are still too risky an investment, but that Russia could be interested in investing in bonds from the euro zone's European Financial Stability ... willingness to further support the euro zone's efforts to see off its debt crisis. ... 5Wikileaks WikiLeaks handed secret Swiss banking data ...
www.euronews.net/.../russia-not-planning-to-buy-spanish-bon...
Nikkei at 8-mth high as property, financials shine | Reuters
Financials, which led Wednesday's advance, extended gains as foreign ... Banks are also attractive due to their high dividend yields, now at an average 2.8 ... be limited today as traders wait for the Spanish bond sale," said Yumi Nishimura , ... Spain is likely to pay a premium to sell up to 3 billion euros ($3.94 ...
www.reuters.com/article/idUSTOE70C02D20110113
INs and OUTs - week of January 18, 2011 | J.P. Morgan
The budget deficit for 2009 was 11% of GDP, but prior to the crisis it had been in ... The low level of Spanish bank reserves seems inadequate given the increase in .... Spanish and Italian bond auctions, and amid signs that the European Central ... Join us for a discussion on the impact of the financial crisis on ...
www.jpmorgan.com/pages/ins_and_outs_01_18_11
EU Debt Crisis - Spanish Banks Not Reliant on ECB: Finance ...
She is confident the recent stress tests imposed on the Spanish banks mean there ... In Spain, 95 percent of the financial system went to the stress tests ...
www.cnbc.com/.../Spanish_Banks_Not_Reliant_on_ECB_Fina...
Bond auctions calm Europe's debt tension - The Globe and Mail
Selling of debt in Spain, Italy successful even though buyers demand higher rates. ... The yields on new Spanish bonds rose more than Italy's, in recognition that the ... The Italian and Spanish debt auctions came as the Bank of England on ... Austerity programs across the EU are bringing down budget deficits. ...
www.theglobeandmail.com/report-on.../article1868301/
International Socialist Review -- Free speech under attack
This latest phase of the economic crisis centers on “sovereign ... Yet the troika's dubious rescue of Ireland didn't placate the bond ... Investors assume that the Spanish government will be compelled to prop up the banks that are full of ... Management and Budget—a mere rounding error in U.S. government budgets. ...
www.isreview.org/issues/75/rep-austerity.shtml
Spanish Finance Minister Asserts Soundness of Banking Sector ...
Ms. Salgado also said all Spanish financial institutions, including the weakest savings ... year because of its high budget deficit and a banking sector that has €180.8 billion, ... according to an analysis published in October by the Bank of Spain. ... A €3 billion bond auction attracted strong demand this month, ...
www.nytimes.com/2011/01/25/business/.../25banks25.html
Spain « Euro area debt crisis
First, Spanish government bond yields have come down marginally in the past few ... made this impossible without sparking a new financial and sovereign debt crisis. .... based on concerns over the country's ability to rein in its budget deficit. ... Filed under Spain Tagged with banks, bond issues, Moody's, Spain ...
eiueuroareadebtcrisis.wordpress.com/category/spain/
Euro Fears Eased, for Now
And though the interest rate the Spanish government had to pay rose, ... 4, as the bond market pressure on countries like Portugal and Spain eased further. ... current bailout rescue fund — the so-called European Financial Stability ... The European Central Bank itself is taking a more central role in the crisis. ...
www.thefiscaltimes.com/.../AP-EU-Europe-Financial-Crisis.asp...
Spain warns against state spending spree | The New Age Online
Bad times: Thousands of people demonstrated against the financial crisis in Spain in Valencia. ... with the right to issue bonds to finance their expenses. ... and Poor's forecast that Spain's regions would register their worst budget ... All eight major Spanish banks passed the EU's bank stress tests on their ...
www.thenewage.co.za/8221-1026-53-Spain_warns_against_st...
One Step Forward in the Euro Zone? - Roubini Global Economics ...
Just as the European Central Bank announced that Spanish bank borrowing ... 2) This then will be the first de facto step of Spain into the arms of the EFSF ... As such, if it is part of a general euro zone backstop to the Spanish financial .... interest on their government bond portfolio but the former has a budget ...
www.roubini.com/euro.../one_step_forward_in_the_euro_zon...
Euro holds ground after Spanish auction | The Journal Gazette ...
Buying bonds supports their prices, taking pressure off the banks that hold them . ... the real concern is stopping the crisis spreading to Spain. ... The nation's biggest farm lobbying group supports a balanced budget. ...
www.journalgazette.net/article/20110113/BIZ/.../1031/BIZ
New steps on Spain needed to contain euro crisis 2011
But upward pressure on Spanish government bond yields this week -- Spanish ... " The one box that remains to be ticked is their banks -- this is very much what ... market will worry that Spain will have to receive some financial support. ... The government has pledged to cut its budget deficit from an estimated 9.3 ...
www.barcelonareporter.com/index.php?/news/...on...
EU FinMins will approach expanding the EFSF
The European Finance Ministers will meet today with the Debt Crisis on focus. ... Currently the spreads on 10-yr Portuguese and Spanish bonds that had been tightening for ... Euro under pressure ahead of this week's bond acutions by KBC Bank ... EUR/USD reaches 1.3170 high after Spain's debt auction by FXstreet.com ...
www.fxstreet.com/fundamental/market-view/european.../17/
Markets give thumbs down to Spanish bank recapitalisation
EFSF bond auction a big success, but the Irish are wondering whether the ... With the financial crisis, attitudes towards the EU have fallen significantly. ...
www.eurointelligence.com/index.php?id=581&tx...
European financial crisis over? The stock market disagrees with ...
When the economic crisis of 2008 hit, it ricocheted across Europe in different ways. ... that there were deep problems in the Spanish economy, etc. ... Mauldin says that Italy, Spain, Portugal, and Belgium will need to raise more than $800 ... the people who own the bonds—namely, the banks—usually take a hit. ...
www.slate.com/id/2281719/
Spanish bond yields rose and bank stocks fell as Salgado Fails to ...
Spain will also cause banks to adopt a core capital ratio, a measure of financial strength, ... The Bank of Spain decided in late September that lenders need capital ... The Socialist government is struggling to contain the budget deficit for ... Segundo Frente Spanish Crisis threat as interest rates rise Catalunya ...
www.compukoko.com/.../spanish-bond-yields-rose-and-bank-...
The euro area: Time for Plan B | The Economist
Spain has deep problems, but even with a big bank bail-out it should be able to keep its ... including issuing euro bonds, but they are unlikely to accept budget ... bond crises in the euro zone and spark a European banking catastrophe . ... A sovereign restructuring could still spook financial markets—fear that it ...
www.economist.com/node/17902709
The squeeze on Spanish banks | Karen Maley | Commentary | Business ...
Spain's banks are once again unsettling markets following the government's ... That's certainly the worry after Spanish bond yields edged higher, ... Analysts had estimated that the Spanish financial system would need between €45 ... of the eurozone debt crisis, Spain's socialist government has outlined budget cuts ...
businessspectator.mobi/.../The-squeeze-on-Spanish-banks-pd2...
¿Tiene salvación Europa? :: Periodismo :: Otros medios ...
Greek bonds, Irish bonds, Spanish bonds, Portuguese bonds - they all traded as if ... In late 2009, as much of the world was emerging from financial crisis, ... As a result, both Spain and Ireland went from budget surpluses on the eve ... Big Spanish banks were well regulated by comparison, but there was and is a ...
www.periodistadigital.com/.../-tiene-salvacion-europa-.shtml
German Ifo survey, banks boost Europe Europe Markets - MarketWatch
Bond Report | Oil News | Earnings Watch ... “This should help Germany's industrial production return to pre-crisis levels by 2012,” ... Spokesman Alfredo Perez Rubalcaba said Friday that the Spanish ... driven chiefly by financials such as Credit Agricole SA .... With budgets tight, homeowners can't waste space. ...
www.marketwatch.com/.../bank-stocks-underpin-europe-asml-...
Global Economy Matters: One Step Forward in the Euro Zone?
... in the context of the European debt crisis which I unilaterally applaud ... Just as the European Central Bank announced that Spanish bank borrowing ... As such, if it is part of a general euro zone backstop to the Spanish financial .... on interest on their government bond portfolio but the former has a budget ...
globaleconomydoesmatter.blogspot.com/.../one-step-forward-i...
Bunds Rise as EFSF Debut Bond Sale 'Takes Pressure Off Germany ...
Spanish bonds fell as the nation sold bills and its plan to bolster lenders failed to calm ... Spain will also make banks adopt a core capital ratio, ... month after political leaders agreed to fast-track final approval of the budget. ... in the region's debt crisis is forcing investors to rethink their strategies , ...
www.businessweek.com/.../bunds-rise-as-efsf-debut-bond-sale...
Successful bonds sales calm European debt fears | Financial News
Reflecting the precarious balance on financial markets, analysts welcomed Spain's plan to make its ailing savings banks set aside more reserves — but warned ...
finance.blogrange.com/.../successful-bonds-sales-calm-europe...
A Weak Euro Gives Germany More Power - Newsweek
To compare financial assistance from Berlin to a concentration camp is, of course, ... 2, France, is judged by bond markets to be a potential problem. ... The message, intentional or otherwise, was that the ongoing euro crisis has ... As Germany's banks and savers invested in Spanish real estate and Greek ...
www.newsweek.com/2011/01/23/to-rule-the-euro-zone.html
Spain Grabs the Bull by the Horns | Spanish Property News
Most analysts believe this month's disclosure exercise will reveal that Spanish banks need a little more capital, but not enough to cause Spain to go ...
news.kyero.com/2011/01/.../spain-grabs-the-bull-by-the-horns...
Spain to Issue 3b in Debt to Help - Mark's Market Analysis
The Spanish government is planning to raise as much as 30 billion euros in total , although the figure may be less, ... Swiss National Bank May Post Record Loss on Interv. ... Spanish Bond Auction · Democrats Question Bank of America Settlement .... has worked for Principal Financial group and Fidelity Investments, ...
www.marksmarketanalysis.com/.../spain-to-issue-3b-in-debt-to...
EU ministers in debt crisis talks
EUROPEAN finance ministers will meet in Brussels today to discuss measures to tackle the ... there have been fears that Spain or Portugal could follow suit. ... them with expensive rescue loans, on the condition of steep budget cuts. ... Spanish bonds, doing on a larger scale what the European Central Bank has so ...
www.smh.com.au/.../eu-ministers-in-debt-crisis-talks-2011011...
Greece default with Ireland breaks euro by 2016: poll
Spanish bond yields climbed 10 basis points to 5.25 per cent, while the yield on ... Two-thirds of the investors said Spain won't default and three-quarters didn 't ... Forty-six percent see a good chance US will be infected by the crisis, ... Asked if they expected governments to take steps to rein in bank bonuses, ...
www.businessday.com.au/.../greece-default-with-ireland-break...
European ministers to spar over bailout fund - Forbes.com
... capital injections for big banks pushed the country's budget deficit to almost one-third ... Spain's economy makes up about 10 percent of the eurozone's gross ... to re-capitalize wavering banks could attack the crisis at its roots, ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.forbes.com/.../business-eu-europe-financial-crisis_82599...
European ministers consider boosting bailout fund | The Daily ...
... massive capital injections for big banks pushed the country's budget deficit to ... Spain's economy makes up about 10 percent of the euro zone's gross domestic ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
dailycaller.com/.../european-ministers-consider-boosting-bailo...
Q+A: What steps might the EU take on its debt crisis? - World news ...
The nominal lending capacity of the European Financial Stability Facility, ... The idea of issuing joint euro zone bonds to help weak borrowers obtain money ... These include the possibility of more structural reforms to the Spanish economy ... The European Union plans to conduct a new round of bank stress tests , ...
www.msnbc.msn.com/id/41058011/ns/world_news-europe/
KYCR Business1570
Spain — the country that many analysts say could make or break the 17-country ... Spanish Finance Minister Elena Salgado said Monday the banks will need about ... The successful bond sales don't change the fundamental problems faced by ... News Topics: Financial crisis, Government securities, Banking and credit, ...
hosted2.ap.org/.../id-28248f609fa2490cab63e7af64c0f685
The Canadian Press: European finance ministers discuss giving ...
... massive capital injections for big banks pushed the country's budget deficit to ... Spain's economy makes up about 10 per cent of the euro zone's gross domestic ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.google.com/.../ALeqM5gaNNy1mzUkD51XEDUzN6y9...
European ministers to spar over bailout fund
Spain's economy makes up about 10 percent of the eurozone's gross domestic product and bailing it out ... large sums of money buying up government and bank bonds to stop panic on financial markets, Gros said. ... Europe debates overhaul of debt crisis response ... Belgium sets tough budget target despite gridlock ...
topnews360.tmcnet.com/.../135324-european-ministers-spar-o...
European ministers consider boosting bailout fund :: WRAL.com
... conditioned on steep budget cuts, when they run out of money. ... Spain's economy makes up about 10 percent of the euro zone's gross domestic product and bailing ... wavering banks could attack the crisis at its roots, analysts say. ... up government and bank bonds to stop panic on financial markets, Gros said. ...
www.wral.com/business/story/8942771/
The Monkey Cage: Not Just a German Problem: Lessons from the EMU ...
In effect, the global financial crisis - triggered by the fall of Lehman ... the bond markets shifted their focus to Portugal and Spain, and the crisis .... And given German banks' heavy exposure to Greek, Irish, Portuguese and Spanish bonds ... budget deficit, we risk deflating our way to another Great Depression. ...
www.themonkeycage.org/.../not_just_a_german_problem_less...
Spain's ECB Borrowings Rose in December
... in Portugal and Spain to boost growth and narrow budget deficits. Banco Bilbao Vizcaya Argentaria SA, Spain's second-biggest bank, on Jan. 4 sold 1.5 billion euros of three-year covered bonds at a spread of 225 basis points over swaps. ... the Bank of Spain said in its October financial stability report. ...
www.bloggersbase.com/.../spains-ecb-borrowings-rose-in-dece...
Irish Central Bank Prints Euros to Pay Bonuses. - NewsFeed ...
Now it looks as if Spain and ... The financial crisis wreaked havoc in ... of budget consolidation pay off and .... by purchases of Spanish bonds at a ...
newsfeedresearcher.com/data/articles.../euros-debt-portugal.ht...
Europe debates overhaul of debt crisis response
... which already has forced Greece and Ireland to implement painful budget ... Spain's economy makes up about 10 percent of the eurozone economy, ... Not all the bank's governing council are convinced that it should be buying bonds at all ... Despite the lack of decisions on the bailout fund, the finance ministers ...
www.huffingtonpost.com/huff.../eu-europe-financial-crisis/
EU ministers in debt crisis talks
The countries both had successful bond auctions last week, ... them with expensive rescue loans, on the condition of steep budget cuts. Giving the bailout fund broader powers, such as enabling it to intervene in financial markets in times of ... Spanish bonds, doing on a larger scale what the European Central Bank ...
www.theage.com.au/.../eu-ministers-in-debt-crisis-talks-20110...
Spain plans partial nationalisation of savings banks - Business ...
... a major risk for Spain's government as it aggressively cuts its budget deficit ... The key spread between Spanish 10-year bonds yields and German bunds was around ... While most of Spain's financial system passed Europe-wide stress tests on ... to grips with the debt crisis that has haunted it for over a year. ...
www.businessandfinance.ie/cat_news_detail.jsp?itemID=3600
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