Reaction continues to new laws on the way mandating "haircuts" to senior bondholders of failed...

|By:, SA News Editor

Reaction continues to new laws on the way mandating "haircuts" to senior bondholders of failed banks as CDS on the PIIGS+Belgium rise (with Belgium and Ireland hitting new records). Spanish banks are hit again, now down around 5% for the week. (STD) -1.79%, (BBVA) -1.8% in Madrid. Euro buys $1.2975.