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Spanish debt risk reach record levels!!! Spain-AAA Spread Just Broke 450 bps: LCH Margin Hike Alert!!!
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Original Message
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The impact of the rescue of Bankia is to feel the markets with the risk of Spanish debt reached record levels.
Shortly after the opening of markets, the spread between German and Spanish titles to 10 years reached 506 basis points, with Spanish titles of interest for the period to reach 6.415%.
Fears about the ability of the Spanish government to solve alone the bailouts in the banking sector may in aggregate cost 50 billion euros, now advances to the newspaper El Mundo.
At issue is particularly the situation of entities Caixa Catalunya, New Caixa Galicia and Banco de Valencia, who were the target of state intervention, and that the Government can not now be able to "sell" without first cleaning up the accounts.
A situation that, adding to the high deficits of the autonomous communities and their difficulties in financing, may, according to the newspaper, pushing the executive to enter the European rescue fund to save the bank....
[link to economico.sapo.pt]
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