It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Markets have fallen on fears Spain's indebted regional governments will push the country into seeking a full national bailout.
On Friday, Valencia, one of the country's 17 regions, asked the central government for a financial lifeline.
On Sunday, a local newspaper in Murcia quoted its government's head as saying it would ask for funding help of up to 300m euros ($363m; £233m).
The yield on Spain's 10-year bonds has jumped to 7.55%.
On Friday, the bond yield - which implies the interest rate the government would have to pay to borrow new money, and acts as a measure of investor confidence in Spain's creditworthiness - had been 7.28%.
Germany's 10-year borrowing costs have fallen to 1.13%, reflecting investors' trust in the country, leaving a record difference between the yield on German and Spanish bonds.
Originally posted by chemistry
This comes from the BBC today:
Markets have fallen on fears Spain's indebted regional governments will push the country into seeking a full national bailout.
On Friday, Valencia, one of the country's 17 regions, asked the central government for a financial lifeline.
On Sunday, a local newspaper in Murcia quoted its government's head as saying it would ask for funding help of up to 300m euros ($363m; £233m).
The yield on Spain's 10-year bonds has jumped to 7.55%.
www.bbc.co.uk...
This is pretty bad news! In order to put this into context, please read the following statement:
On Friday, the bond yield - which implies the interest rate the government would have to pay to borrow new money, and acts as a measure of investor confidence in Spain's creditworthiness - had been 7.28%.
Germany's 10-year borrowing costs have fallen to 1.13%, reflecting investors' trust in the country, leaving a record difference between the yield on German and Spanish bonds.
A full national bailout? What impications would that have for the Eurozone? Would this lead to a full scale depression?
Remember this video I posted a while back?
Originally posted by BIHOTZ
well that's what happens when the IMF says you're a threat to the world.....
Things are pretty bad here in Spain. I am planning to get the F out soon. When the provinces are forced to cut the fat there will be huge problems. They have allot of dirt on all leadership of all parties. They will turn rat if they are not getting their piece of the pie.
I expect riots.
Originally posted by Trolloks
This is big news, but sadly, we knew this was going to happen.
First, Greece, the next would be Spain.
Following that, Italy will be the next, but due to all the EU countries being connected so much with the economic union, the space between the downfall of Greece and Spain will more than likely be halved for the space between Spains downfall and Italys. And likewise with Italy and Portugal, and by the time that happens, it will be a week after Portugal and Ireland, and at that point, the whole EU will go down the drain.
September will be an interesting month.
Originally posted by michael1983l
reply to post by Trolloks
No more dangerous than a holiday in Egypt or Tunisia I would say.
The Spanish region of Murcia moved closer to following Valencia in seeking financial aid from the government, which set up an €18 billion fund earlier this year to help the regions refinance their debt. Media reported half a dozen others were ready to do likewise.
Originally posted by BIHOTZ
reply to post by Recollector
They never would. They are really doing well. I don't know if it is to spite the central government, them being separatists, but they usually give more than they get. Real competent leadership there. I have nothing on them.