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Spain will regret refusing front-door bailout

Instead, Madrid has begged for all sorts of back-door support: bond-buying by the ECB, direct recaps for its banks, a quasi-ECB rescue for banks. Germany and the ECB aren’t likely to allow these unless Greece blows. But, at that point, Spain will be in a terrible crisis.
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Germany Just Rejected The Idea That The European Bailout Fund Would Buy Spanish Debt

Business & Finance : Business Insider: Clusterstock (2 years ago)

BERLIN (AP) — Germany's finance minister is rejecting talk of a possible application from Spain for the eurozone's bailout fund to buy the struggling country's bonds, a newspaper reported Saturday. This week, European Central Bank h... Read Post

Scaled-Up Banking Rescue to Push Russian Budget Into Deficit

Business & Finance : DealBook (16 hours ago)

Russia’s central bank said its bailout of Trust Bank – the first major lender to fail as a result of the sharp decline in the ruble – would cost about $2.5 billion, far more than previously anticipated. Read Post

Frontrunning: March 28

Business & Finance : Zero Hedge (3 years ago)

Greece's Fringe Parties Surge Amid Bailout Ire (WSJ) ECB fails to stem reduction in lending (FT) More Twists for Spanish Banks (WSJ) Banks use ECB cash to buy bonds, lend less to firms (IFR) UK still long way off pre-crisis growth –... Read Post


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