Spain to publish stress test results soon
** corrected at 16.40 to read “in the near future” instead of “next few days” Spain’s central bank has thrown down the gauntlet to bank regulators elsewhere in Europe, saying it plans to publish the...
View ArticleExpect strong support for Spain
Greece was so last month. As attention shifts to Spain, one argument runs that the country will receive greater concern from ‘core’ European countries than Greece. But why?Continue reading »
View ArticleSpanish banks fight end of ECB liquidity
Spanish banks have been lobbying the European Central Bank to act to ease the systemic fallout from the expiry of a €442bn ($542bn) funding programme this week, accusing the central bank of “absurd”...
View ArticleMoody’s warns on US Aaa rating
The current debt trajectory of the US may imperil the country’s future Aaa rating, Moody’s has said. Steven Hess, senior credit officer at the ratings agency, told Bloomberg the US needed a strategy to...
View ArticleMoody’s downgrades Spain one notch to Aa1
As expected, Moody’s has downgraded Spain, three months after placing the sovereign on downgrade watch. Fitch and S&P downgraded Spain’s debt in late Spring, and S&P still rates Spanish debt...
View ArticleProperty woes raise risk of Spanish downgrade
Spanish banks could be €50bn short of new capital requirements, says Moody’s, revising its previous estimate of €17bn based on old requirements. This is roughly 5 per cent of Spanish GDP and...
View ArticlePortugal & Spain quiver as Greece downgraded
Moody’s rating agency has just downgraded Greece’s government bonds to B1 from Ba1, placing the debt on negative outlook, meaning further downgrades are likely. The move takes Greek debt from...
View ArticlePortugal waits as Moody’s downgrades Spain
The cost of rehabilitating the Spanish banking sector is partly behind Moody’s decision to downgrade Spanish government debt from Aa1 to Aa2 today. The rating has been left with a negative outlook,...
View ArticleEurozone deposits provide cause for cautious optimism
European Central Bank data, out Thursday, showed that the amount of cash that businesses and households are parking in Spanish banks rose in September for the first time since the spring. Deposits held...
View ArticleSpain: fact and rumour
Attention is focusing on Spain. Dominique Strauss-Kahn – who’s in the region anyway, apparently – will take the opportunity to visit the country on Friday to discuss the economy with the PM. Agenda...
View ArticleRoad blocks
Construction spending is helping the German economy, but annoying motorists, writes Ralph Atkins of the Financial Times Read more
View ArticleOrdóñez, the gradualist
Spain's central bank governor has revealed himself as a "gradualist" writes Ralph Atkins in a Financial Times blog Read more
View ArticleS&P: Spanish outlook downgraded to negative
Not to be outdone by its rivals at Fitch, who on Tuesday downgraded the sovereign rating of the Hellenic Republic of Greece, Standard & Poor’s on Wednesday revised its outlook on the Kingdom of...
View ArticleSpain left behind
The economic news from Spain has turned more worrisome. Eurozone purchasing managers’ indices for manufacturing showed the region’s recovery humming along nicely (December’s final index reading at...
View ArticleSpanish spies seek short sales
Apparently, the Spanish intelligence agency has been enlisted to help find out what is behind recent “speculative attacks” in the financial markets. The Economic Intelligence Unit – created to defend...
View ArticleHope and austerity
You can always hope. As more details unfold about European austerity programmes, reports asked Charles Evans, Chicago Fed president, what the potential effects would be on the United States. According...
View ArticleSpanish auction comes close to failure
Spain came close to its first debt auction failure on Tuesday, highlighting the funding problems for weaker eurozone economies. The government’s difficulties in selling €6.44bn ($7.96bn) in one-year...
View ArticleFitch downgrades Spain, analysts question timing
The eurozone crisis rages on. Fitch downgraded Spain’s debt ratings today, cutting the country’s long-term foreign and local currency ratings by one notch to AA+ from AAA.Read more
View ArticleMore rating rage
Rage against rating agencies is rising. The latest to accuse the likes of Moody’s and Standard & Poor’s of simply making the crisis worse is Christian Noyer, France’s central bank governor, who...
View Article
More Pages to Explore .....