Debt Crisis: Prepare for Lehmans Re-Run, Bank Official Warns, as Leaders Poised to Bail Out Spain and Italy
European leaders are poised to use two rescue funds to buy Spanish and Italian debts in a £600bn bail-out, as a Bank of England policy maker tells traders to prepare for a devastating…
MUST READ: Debt Crisis: Europe’s Democracies Must Not Subcontract Their Destiny to the Bundesbank
Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse…
Europe Brings Out The “Capital Controls” Bazooka
By Tyler Durden on 06/11/2012 11:31 -0400 http://www.zerohedge.com/news/europe-brings-out-capital-controls-bazooka Here we go: EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART…
Spain Caves, Admits It Needs European Bailout
by Tyler Durden on 06/05/2012 07:32 -0400 http://www.zerohedge.com/news/spain-caves-admits-it-needs-european-bailout And so those lining up at the bailout trough are now 4: remember all those lies Spain spoon-fed the gullible press that it didn’t need a European bailout as…
Spain Faces ‘Total Emergency’ as Fear Grips Market
Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe. By Ambrose Evans-Pritchard, International…
ECB’s Refusal To Play Ball Means Spain Has To Foot A €350 Billion Bailout Bill Alone
By Tyler Durden on 05/30/2012 07:27 -0400 http://bit.ly/L4IhhX Moving away from baseless (or is that faceless?) European bailout rumors, and moving into cold hard math territory, we hear from JPM’s David Mackie that “If a…
It Begins: Spanish Region Of Catalonia Demands A Bailout
By Tyler Durden on 05/25/2012 08:32 -0400 http://bit.ly/JrB26G Yesterday we mocked the fact that the Bankia’s bailout costs are doubling with each passing day. Today, things just got “Messi-er”: SPAIN’S CATALONIA REGION NEEDS GOVERNMENT HELP, RUNNING OUT…
