Telegraph Live: Reports that the incoming Conservative Government is looking for a loan from either the EU or the IMF, before the Markets make that decision. This is wise from the new Conservative Government, getting ahead of the market, but that has not stopped Spain 10 year bonds from reaching 6.67%, close that the end of cliff 7%. Any bailout would come with tough strings, the EU/IMF has been burned by Greece, they will want to make sure all Spanish political parties support such a bailout. Thus more endless meetings folks.
Friday, November 25, 2011
Spain the NEXT Bailout
Telegraph Live: Reports that the incoming Conservative Government is looking for a loan from either the EU or the IMF, before the Markets make that decision. This is wise from the new Conservative Government, getting ahead of the market, but that has not stopped Spain 10 year bonds from reaching 6.67%, close that the end of cliff 7%. Any bailout would come with tough strings, the EU/IMF has been burned by Greece, they will want to make sure all Spanish political parties support such a bailout. Thus more endless meetings folks.
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