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A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase...

A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase operation - is under backroom discussion and set to be unveiled next week, according to officials. The plan will be "pre-approved" by Brussels, helping to ease Spanish PM Rajoy's political issue of not wanting to request a bailout for fear of the strings that may be attached.
Comments (11)
  • winningtrader
    , contributor
    Comments (2476) | Send Message
    Not sure if this will work out, probably not, but the whole idea is ridiculous. Spain is a bigger and badder Greece.
    20 Sep 2012, 05:32 PM Reply Like
  • CWRoberson
    , contributor
    Comment (1) | Send Message
    I agree. Despite the success of the recent auction, I dont think this method fix that problem as they're proposing
    20 Sep 2012, 07:53 PM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
    Never use auction "successes" as a yardstick here in the €-zone. It's quasi bankrupt Spanish banks buying Spanish bonds, because Draghi has their backs (even with a promise of non-subordination should he begin buying outright). Foreign holders of Spanish debt have disappeared in droves. Dramatic drop in foreigners holding treasuries. That tells you much much more.
    21 Sep 2012, 09:39 AM Reply Like
  • Ripit
    , contributor
    Comments (63) | Send Message
    CWRoberson agrees with winning trader. Now that's news. That is some real in depth analysis and useful information winningtrader has provided. Time to borrow money from a drug cartel and put in all on Spain. I am going to be rich. Thanks winningtrader.
    21 Sep 2012, 12:47 AM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
    the europeans refuse to take a cut to their
    inflated standards of living
    21 Sep 2012, 07:35 AM Reply Like
  • Padawan learner
    , contributor
    Comments (60) | Send Message
    Hello mweaver,


    My guess is the standard of living for much of the euro is in the crapper, it seems universally accepted that the Spanish economy is.


    What I don't see is the desire to change course.
    21 Sep 2012, 08:32 AM Reply Like
  • ykp3888
    , contributor
    Comments (22) | Send Message
    Reward the devil and punish the angel...immoral has prevail...
    21 Sep 2012, 09:00 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    Once this bailout deal is revealed (as soon as next week) will the markets sell off or surge?
    21 Sep 2012, 11:47 AM Reply Like
  • jhooper
    , contributor
    Comments (6128) | Send Message
    I guess surge would depend on the terms of the bailout. If it is small overall to be implemented in increments over the next 24 months, then surge might mean a slow melt up. If they announce that Spain will get 300 billion by the end of the month, then surge would probably be a better term.
    21 Sep 2012, 12:54 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    I can see the markets selling off on the news, and would look at that as a buying oppty for dollar denominated assets.
    21 Sep 2012, 02:42 PM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
    They are going to need way more than 300 billion..
    21 Sep 2012, 01:33 PM Reply Like
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