Tuesday, 29 May 2012

Spain - Bail out May be the only Way out ...

' High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.http://www.ft.com/cms/s/0/27f29710-a8a3-11e1-a747-00144feabdc0.html#ixzz1wFIcX5lk

“Telling people you’re worried about raising �19bn in the market is idiotic,” said one senior financier in Madrid. “Basically it’s saying: ‘We’re going to need a �400bn bailout from the IMF’.”

Spanish officials said on Monday that its plan to raise money for the Bankia rescue was still based on borrowing in the bond markets, to which Spain still had access. Madrid had not contacted the ECB about the Bankia situation, Mr Rajoy said.

European officials are torn over the merits of the Spanish proposal, which would set an important crisis-fighting precedent in the eurozone that would underline the acute concerns over the fallout from a big bailout for the euro area’s fourth-biggest economy.'

News Brought to you By:


745a Europort

Gibraltar GX11 1AA

T +350 200 40303

F +350 200 51795

Forex Brokers: http://boulle.co/forex_ie    http://boulle.co/DEMOFOREX  

Stock Brokers: http://boulle.co/client_ie     http://boulle.co/demoplatform  

FuturesBroker: http://boulle.co/futures_ie  http://boulle.co/futures_Demo  

Investors Europe, a stock, futures & forex broker regulated by the FSC. Read our disclaimers on spot forex, on the diffusion of third party products, news, services and U.S. Persons

★★★Social Infrastructure Planning and Digital Marketing Services by SEOextraordinaire★★★

Posted via email from Gibraltar

No comments: