http://online.wsj.com/article/SB10001424052702303444204577458553768029114.html
If you missed it...yesterday's WSJ had an excellent, long, tick/tock piece on Spain's banking problems...especially with its #3 troubled financial...Bankia.
It details the politics of the cajas, the failed temporary fixes and miscalculations of banking officials there.
It's interesting...and now freely available.
AND: Chancellor Angela Merkel applauded Spain's bank bailout and stated there are 'conditions' for Spain's probable E100 bn/$125 bn loan....including regular review by the Troika, likely bank restructuring...and even an increase in the 18% VAT tax.
http://www.google.com/hostednews/afp/article/ALeqM5iCKATs86GexYbOo5be5swvT2Tocg?docId=CNG.aa3a001b3cc5ca7fd0b085f85fba8455.681
Popular Posts
- BRASIL: FIFA Ponders Guns Swap For World Cup Football Tickets; Lula's Tumor 75% Reduced.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- FRANCE: Angry Basque Force Sarkozy To Hide In Bar.
- Wall Street Journal Profiles Mexico's notorious "El Chapo."
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- CHILE: 16 Jan. UPDATE: Camila Vallejo Interviewed; May Run For MP As Communist.
- ARGENTINA / RUSSIA / BELARUS/ UK : Olympics News...Sort Of.
- RUSSIA : C.Bank Lowers Benchmark Interest...to 8%.
- HUNGARY / EU : 13 Mar UPDATE: PM Orban's State Banks Proposal Disturbs Brussels; 'Orbanomics' Analysed.