It seems that Spain (unsurprisingly) is looking for another bailout.
According to Spanish Economy Ministry sources quoted by La Vanguardia, Spain could make a formal request for the early disbursement of €30BN from its bank rescue package this Thursday or Friday.
The money, apparently, will be used to help Bankia and other nationalised savings banks.
Showing posts with label bankia. Show all posts
Showing posts with label bankia. Show all posts
Tuesday, August 14, 2012
Friday, May 25, 2012
Grexit Imminent
The long awaited Grexit is now regarded as imminent, with the likely "planned" departure occurring on 2nd/3rd of June. Given that a Grexit ought to catch the markets and people by "surprise", be prepared for the "planned" departure date to be brought froward to this weekend.
French banks are in panic mode, and are now (somewhat late in the day) drafting plans for the Grexit.
In other news, Bankia has suspended its shares and has asked the Spanish government for a bailout of Euro15BN; to add to the pressure on the beleaguered Spanish government, the autonomous region of Catalonia has also asked to be bailed out to the tune of around Euro13BN.
French banks are in panic mode, and are now (somewhat late in the day) drafting plans for the Grexit.
In other news, Bankia has suspended its shares and has asked the Spanish government for a bailout of Euro15BN; to add to the pressure on the beleaguered Spanish government, the autonomous region of Catalonia has also asked to be bailed out to the tune of around Euro13BN.
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