So Spain takes the begging bowl to the trough on Sat?
They 're quite more sizable than Greece,and they are headed for some grief too,so rest assured this fundamentally based financial info is Gold supportive,but will instead warrant another filth biatch-slap.
No chart will ever show you when a $20/min slap down is due.
Profits to all.BMD.
http://m.guardian.co.uk/ms/p/gnm/op/s6nTQVbVGDqqXrKS0oKE_6g/view.m?id=15&gid=business/2012/jun/08/eurozone-crisis-germany-suffers-imports&cat=top-stories
11.13am: Apologies for our temporary absence, gremlins in the system at the end of a long week. Our blog has now been bailed out and is again live.
Back to the Reuters scoop on the Spanish bank rescue. Four senior EU officials and one German source have now told the news agency that a conference call of ministers from the 17-nation currency area would be held on Saturday to discuss a Spanish request for aid. This would be followed by an announcement on Saturday afternoon.
Right now, the Spanish are playing down the possibility of an imminent bailout plan, according to foreign exchange news service Ransquawk:
Spain govt says not aware of any pending announcements on bank rescue". ...any decision looks unlikely until bank audits are seen next week.
Ratings agency Fitch said the cost of recapitalisation for Spain's busted banks could be between €60bn and €100bn.
An International Monetary Fund report, due to be published on Monday, is expected to
estimate the banks needs at the lower figure of €40bn, but market data has deteriorated since that data was collected.
"The announcement is expected for Saturday afternoon" an EU official said, while the German source added "The government of Spain has realised the seriousness of their problem".
Spailout (by @presseuropit) twitter.com/FGoria/status/…
— Fabrizio Goria (@FGoria) June 8, 2012
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