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The bank recapitalization news putting a charge in markets over the past minutes is from a...

The bank recapitalization news putting a charge in markets over the past minutes is from a European Commission report suggesting the eurozone set up a "banking union," and allow the ESM (the rescue fund) to directly inject capital into lenders. Such a setup would allow, for instance, much of the issue regarding Spain and its banks to go away. Expect German/ECB denials soon.
Comments (2)
  • bbro
    , contributor
    Comments (9365) | Send Message
     
    What is more valuable to Germany...a 10 year bund yield at 1.3% or
    a stable Spanish banking system???
    30 May 2012, 07:26 AM Reply Like
  • Bear Bait
    , contributor
    Comments (665) | Send Message
     
    If Germany continues to force all it's Euro customers into austerity, will these customers have the money to buy German goods. Economic news from Germany indicates the downturn has begun. I'll just press the paste button here because I type this so often. Austerity alone just creates people and countries without money. Austerity just magnifies the problem because revenues decline increasing the deficit. I think it was Soros that said;"You can't save your way out of a deficit"! I'm not necessarily a Soros fan; but, for Soros or who ever said that, they are dead on. The same will happen in the US too, if the T'baggers get their way.
    30 May 2012, 07:44 AM Reply Like
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