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Spain is forced to immediately inject capital into Bankia after the failed lender reported an H1...

Spain is forced to immediately inject capital into Bankia after the failed lender reported an H1 loss of €4.5B amidst rising bad loans (to 11% from 7.63%!) and private sector deposits falling €12.8B to €109B. Why Spanish and not EU funds? Spain does not want to force losses on junior bondholders while the EU is in favor of burden sharing.
Comments (1)
  • Incredible....but hey..the Euro hit 1.26 today.....
    31 Aug 2012, 01:17 PM Reply Like
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