Spain Business Brief – Wednesday May 16 2012
May 16th
The Risk Premium in Spain rises as the fears over Greece continue
Spain’s Risk Premium soars overnight to 500
May 16th
The number is the difference in interest paid on the markets between German and Spanish ten year bonds.
Spain Business Brief – Monday May 14 2012
May 14th
Bad day on the markets with concerns over Greece and Spanish banks
A bleak Monday morning on the Madrid market
May 14th
Banking shares continue to fall, and a bond issue was covered but only at higher interest rates. The banks are concerned about the new demands from the Government demanding they make more provisions to cover their Real Estate portfolios.
Greek jitters drive sharp losses for Europe stocks
May 14th
European stock markets drop sharply early Monday, with investors selling banks and resource stocks as the political crisis in Greece takes a turn for the worse.
Spanish Government orders banks to restructuure their real estate assets
May 12th
A Royal Decree, passed in Friday’s cabinet meeting, brings in the reforms.
Spain tries again to please with bank cleanup
May 11th
Another attempt to send a message to the world that Spain’s financial institutions are just fine was met with a lukewarm response on Friday.
Spain Business Brief – Friday May 11 2012
May 11th
The state of the Spanish economy and the EU demands causing concern
Pessimistic forecast for Spain from the European Commission
May 11th
They think there will be an 11 billion € deviation this year.
J.P. Morgan, China data weigh on Europe stocks
May 11th
Losses for the banking sector weigh on Europe stocks on Friday after J.P. Morgan Chase & Co. said it suffered a $2 billion trading loss. Downbeat data from China weigh on the resources sector.
