Spain's ailing banks threaten country's finances

Discussion in 'Europe' started by Nova78, Jun 8, 2012.

  1. Nova78
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    Nova78 Gold Member

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    Spain's ailing banks threaten country's finances | Comcast

    Spain is under rising pressure to find a lifeline for its deeply troubled banks.

    Politicians in Europe and investors around the world are worried that the recession-hit country can't come up with the money needed to save its banks without bankrupting the government. Expectations are rising that Spain's leaders will have to seek an international bailout for banks crumbling under the weight of bad real estate loans.

    As Spain's leaders struggle for a solution to their banking crisis, the country's borrowing costs have soared close to the level that forced the governments of Greece, Portugal and Ireland to seek financial rescues.

    Hanging by a thread........:death:
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Puttin' the financial finger in the dike...
    :eek:
    Massive bailout for Spain may only be stopgap measure
    10 June`12 -- Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and the euro may be short-lived.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Now Spain threatenin' the world economy...
    :eusa_eh:
    New Eurozone Focus: Spain's Debt, Economy
    July 23, 2012 > The debt-ridden Spanish government and the country's troubled economy are the newest face of the European debt crisis.
     

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