FROB funds temporary help, not nationalisation 2011 will be a difficult year Will keep obliging banks to provision against bad debts Forecasts point to stronger economic recovery in H2 2012 Essential to keep up with ambitious pace of reforms International … Continue reading
Down from 50.8 in February, weaker than median forecast of 50.5.
2012 growth at 1.5% Unemployment 20.7% in 2011, 20.4% in 2012 Public deficit at 6.2% of GDP in 2011, 5.2% of GDP in 2012
I think that’s what you call talking your own book.
Spanish banks outlook remains negative, reflects sovereign outlook Credit profiles of many Spanish banks weak, little sign of material strengthening in foreseeable future Have cut ratings by 1 or more notches of senior debt at 30 Spanish banks
As expected. First the country, then the banks. Senior debt systemic support reassessed for smaller European financial institutions
Elena Salgado said during a radio inteview, that Spain’s economy could absorb an interest rate hike if the ECB decides to raise rates. The bank is widely expected to hike rates 25 bps at it’s meeting next month.
Spain scheduled to sell upto 4.5 bln of 5.5% bonds maturing 2021 and 4.7% bonds maturing 2041. Results expected around 09:30 GMT.