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Ensconced in a conference call, eurozone finmins are discussing providing up to €100B in...

Ensconced in a conference call, eurozone finmins are discussing providing up to €100B in support for Spain's banking sector, according to a source, with a formal request coming as soon as today. At this point, Spain will not be subject to the same sort of oversight Greece, Ireland, and Portugal have submitted to.
Comments (9)
  • Not so sure Greece, Ireland and Portugal will stand for that ?
    9 Jun 2012, 11:31 AM Reply Like
  • I've cancelled out of my business trip to Barcelona this coming week. Hope the senoritas survive without me...
    9 Jun 2012, 12:09 PM Reply Like
  • Wasn't it only €40B yesterday? That doesnt sound promising
    9 Jun 2012, 12:14 PM Reply Like
  • the numbers never get smaller
    9 Jun 2012, 12:52 PM Reply Like
  • Doesn't sound promising? It darn well better!!

     

    This whole Euro-crisis "resolution" is completely based off promises.

     

    Promises of economic growth
    Promises of debt reduction goals
    Promises of recapitalizing banks
    Promises of keeping their citizens from starting a revolution

     

    So you better change your language to something a little more positive. Perhaps something similar to the "feel good" attitudes the media and our politicians are pumping about how all is well? Maybe something in similar context to "the federal government could, with 100 percent certainty, fix." Just replace federal government with Euro governments and you'll be in line.
    9 Jun 2012, 01:19 PM Reply Like
  • "At this point, Spain will not be subject to the same sort of oversight Greece, Ireland, and Portugal have submitted to."

     

    Yea, and probably no forced austerity either.

     

    The old adage that 'if you owe $100K you have a problem, if you owe $500B they have a problem' is at work here.
    9 Jun 2012, 12:21 PM Reply Like
  • so true... if the number gets large enough then lenders become more concerned than the borrowers
    9 Jun 2012, 01:11 PM Reply Like
  • If the amount suggested is 100 billion euros today, I would bet the real number is 500 billion euros.
    9 Jun 2012, 01:03 PM Reply Like
  • On April 23, 2010 - Greece needed $45B, by May 1st it was $110B. 100B today- about 250B Euros by next weekend
    9 Jun 2012, 02:45 PM Reply Like
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