As somebody on the forum says,it is the best to buynow as..

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter As somebody on the forum says,it is the best to buynow as..

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    • #56844
      Anonymous
      Participant

      Spain runs out of money

      “El Mundo reports that the country can no longer resist the bond markets as 10-year yields flirt with 6.5pc again, and the spread over Bunds – or `prima de riesgo’ — hits a fresh record each day.”

      http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017477/spain-runs-out-of-money/

    • #109197
      logan
      Participant

      This thing is coming to a head. Spain has run out of money.
      http://www.telegraph.co.uk/finance/debt-crisis-live/9293828/Debt-crisis-live.html

    • #109025
      logan
      Participant

      This thing is coming to a head. Spain has run out of money.
      http://www.telegraph.co.uk/finance/debt-crisis-live/9293828/Debt-crisis-live.html

    • #109199
      DBMarcos99
      Participant

      Yet this report from the German Der Spiegel seems to think there’s a different way out. Wonder what the real situation is?

      http://www.spiegel.de/international/europe/merkel-preparing-to-strike-back-against-hollande-with-six-point-plan-a-835295.html

      Merkel is determined to reject both Hollande’s call for euro bonds and his proposal to allow direct lending by the ECB. The monetary watchdogs, she argues, would already do everything necessary to stabilize the euro, and thus preserve their high-paying jobs in Frankfurt’s Euro Tower.

      There is something to this. The ECB has signaled internally that, if it becomes necessary (if Greece withdraws from the euro, for example), it will buy up the bonds of other ailing countries once again. With a view toward Hollande’s calls for more growth incentives, the Germans, for their part, are trying to seem more conciliatory.

      It’s interesting though that Rajoy’s lot are going to privatize a lot of state-run stuff (Renfe, the Lotteries, state ports etc.) They had put this off when they won the last election, but it’s obviously become a necesity:
      (in Spanish)
      http://www.cincodias.com/articulo/economia/gobierno-preve-ingresar-30000-millones-privatizaciones/20120528cdscdieco_2/

    • #109029
      DBMarcos99
      Participant

      Yet this report from the German Der Spiegel seems to think there’s a different way out. Wonder what the real situation is?

      http://www.spiegel.de/international/europe/merkel-preparing-to-strike-back-against-hollande-with-six-point-plan-a-835295.html

      Merkel is determined to reject both Hollande’s call for euro bonds and his proposal to allow direct lending by the ECB. The monetary watchdogs, she argues, would already do everything necessary to stabilize the euro, and thus preserve their high-paying jobs in Frankfurt’s Euro Tower.

      There is something to this. The ECB has signaled internally that, if it becomes necessary (if Greece withdraws from the euro, for example), it will buy up the bonds of other ailing countries once again. With a view toward Hollande’s calls for more growth incentives, the Germans, for their part, are trying to seem more conciliatory.

      It’s interesting though that Rajoy’s lot are going to privatize a lot of state-run stuff (Renfe, the Lotteries, state ports etc.) They had put this off when they won the last election, but it’s obviously become a necesity:
      (in Spanish)
      http://www.cincodias.com/articulo/economia/gobierno-preve-ingresar-30000-millones-privatizaciones/20120528cdscdieco_2/

    • #109201
      DBMarcos99
      Participant

      Sr Rajoy has spoken! I suppose we’ll find out soon enough if he’s making sense or not. It’s funny though, there were certain people who blamed everything on Zapatero…

      http://www.typicallyspanish.com/news/publish/article_34807.shtml

      Spanish Prime Minister, Mariano Rajoy, has said today, ‘No Spanish bank will need to be rescued by the EU’. He claims that events in Bankia over the weekend had not contributed to the increased Rate Premium seen today, which rose to 511 at one time, and his objective in nationalising the bank was ‘to guarantee people’s savings’ and ‘to recover the confidence of the investors’. He justified the injection of public money saying that the alternative was ‘to do nothing, let it go bankrupt’.

      Rajoy called for ‘more fiscal, monetary and political integration in the EU, said the Euro is ‘irreversible’ and called for any doubts to be dissipated.

    • #109033
      DBMarcos99
      Participant

      Sr Rajoy has spoken! I suppose we’ll find out soon enough if he’s making sense or not. It’s funny though, there were certain people who blamed everything on Zapatero…

      http://www.typicallyspanish.com/news/publish/article_34807.shtml

      Spanish Prime Minister, Mariano Rajoy, has said today, ‘No Spanish bank will need to be rescued by the EU’. He claims that events in Bankia over the weekend had not contributed to the increased Rate Premium seen today, which rose to 511 at one time, and his objective in nationalising the bank was ‘to guarantee people’s savings’ and ‘to recover the confidence of the investors’. He justified the injection of public money saying that the alternative was ‘to do nothing, let it go bankrupt’.

      Rajoy called for ‘more fiscal, monetary and political integration in the EU, said the Euro is ‘irreversible’ and called for any doubts to be dissipated.

    • #109210
      Anonymous
      Participant

      No Spanish bank will need to be rescued by the EU = Many Spanish banks will need to be rescued by the EU.

      As you get older you learn to understand what politicians are really saying 😉

    • #109051
      Anonymous
      Participant

      No Spanish bank will need to be rescued by the EU = Many Spanish banks will need to be rescued by the EU.

      As you get older you learn to understand what politicians are really saying 😉

    • #109212
      angie
      Blocked

      You are so right there Mark.

      Politicians always ‘promise the earth and deliver sods’ it seems. I will be interested to see if Hollande reneges on his electioneering promises which won his term in office. As for Spanish politicians, so far they all seem to come out of the same impotent and corrupt mould, a bit like the UK’s now and Greece’s etc etc etc 😆

      Where are the more trusty elder Statesmen?? 🙄

    • #109055
      angie
      Blocked

      You are so right there Mark.

      Politicians always ‘promise the earth and deliver sods’ it seems. I will be interested to see if Hollande reneges on his electioneering promises which won his term in office. As for Spanish politicians, so far they all seem to come out of the same impotent and corrupt mould, a bit like the UK’s now and Greece’s etc etc etc 😆

      Where are the more trusty elder Statesmen?? 🙄

    • #109059
      logan
      Participant

      “One bust will bring Spain to it’s knees” – Rajoy speaking yesterday. What odds will you offer for tomorrows statement of ‘Spain is bust….and on it’s knees?

      http://www.guardian.co.uk/business/2012/may/28/one-bust-bank-spain-pm-mariano-rajoy

    • #109214
      logan
      Participant

      “One bust will bring Spain to it’s knees” – Rajoy speaking yesterday. What odds will you offer for tomorrows statement of ‘Spain is bust….and on it’s knees?

      http://www.guardian.co.uk/business/2012/may/28/one-bust-bank-spain-pm-mariano-rajoy

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