Thursday, May 31, 2012

Spain`s Debt/Financial Crisis Continues

The Pain In Spain That Threatens The Eurozone -- CNN

(CNN) -- If Greece was the focus of markets' angst last week, attention this week has shifted to the other end of the Mediterranean.

Spain's public finances are nothing like as grim as the Greeks', but a worsening banking crisis threatens to deepen an already painful recession and endanger the future of the eurozone.

The immediate cause of the pain in Spain is the need to recapitalize the country's fourth-largest bank, Bankia -- itself an unwieldy amalgam of previously-ailing financial institutions.

Read more ....

More News On Spain's debt/Financial Crisis

Almost €100bn pulled out of Spain as investors beat a hasty retreat -- The Telegraph
Capital flight from Spain hits record $66bn -- The Telegraph
Money Flies Out of Spain, Regions Pressured -- CNBC
Panic in Spain as money flies out of country and head of European bank says Eurozone is 'unsustainable' -- Daily Mail
Spain Hasn't Asked for IMF Aid, No Help Planned, Fund Says -- SFGate/Bloomberg
IMF says not in talks with Spain on financial help -- Reuters
Spain urged to come clean on bank bailout plan -- Seattle Times/AP
EU asks Spain for details of Bankia rescue -- AFP
How to save Spain: The focus should be on fixing the banks, not on cutting the deficit -- The Economist
Spain moves to centre of eurozone crisis -- Gavin Hewitt, BBC
Spain: Too big to save, but too big to fail? -- Michael Babad, Globe and Mail

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