We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Spain to Ramp Up Bailout of Banks
Comments
-
Thrugelmir wrote: »Sounds like the rest of Europe is finally catching up with what the UK based banks did several years ago.
Events in Europe are doing little for Lloyds share price.
That was nothing like as serious, IMHO. The situation in Spain is very simlilar to the Republic of Ireland, but worse. Bankia has massive exposure to real estate toxic debt & bad loans, largely through the cajas. As I pointed out over a year ago in post #1, if the true figure for the bad loans held on the books of the cajas & main banks were exposed there would likely be a meltdown. There is an "independent" EU bank audit due to report soon, but many analysts are pointing to a "hole" of anything between €50-100 billion! :eek:
Bankia, though, are the most exposed, but the main question is if the Spanish government is anything near being able to bail them out. Unlikely, IMHO. Then see HERE
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
I was in Santander this morning with a friend and there was quite a queue. A few seemed to be smiling nervously and joking about getting their money out.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
-
I said this in another thread, Santander is a pretty strong bank and well represented in the Latin arena of growth. It will weather a Spanish crisis relatively well.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
-
It goes from bad to worse....S&P have just downgraded Bankia's long-term credit rating to "junk". It's been cut one notch to BB+, from BBB-.
S&P also said that said the outlook for Banco Santander SA was negative.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
C_Mababejive wrote: »I was in Santander this morning with a friend and there was quite a queue. A few seemed to be smiling nervously and joking about getting their money out.
I'm going to be in Barcelona tomorrow.
It'll be interesting to see if the queues at the Tapas Bars and Restaurants around Las Ramblas are as long as they used to be.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
so...can the euro club continue to concentrate on selling austerity to the greek people and keeping greece in the euro? or has a new spanish show rolled into town that they'll now need to try and deal with?
spain are currently saying that this is a one-off.....'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
RUN_RABBIT_RUN wrote: »
spain are currently saying that this is a one-off.....
They denied this one off issue even existed last week!0 -
RUN_RABBIT_RUN wrote: »so...can the euro club continue to concentrate on selling austerity to the greek people and keeping greece in the euro? or has a new spanish show rolled into town that they'll now need to try and deal with?
Markets are already pricing in a Greek default. Attention is now turning elsewhere.0 -
Thrugelmir wrote: »Markets are already pricing in a Greek default. Attention is now turning elsewhere.
Yes..the UK is being set up as the next victim by the Stalking Horses in europe anxious to deflect some of the well deserved mud from themselves. Think Germany and France..Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0 -
C_Mababejive wrote: »Yes..the UK is being set up as the next victim by the Stalking Horses in europe anxious to deflect some of the well deserved mud from themselves. Think Germany and France..
What do you mean please? Without wishing to sound rude, this post appears to be utter rubbish. Can you clarify?
You appear to be saying that France and Germany can somehow engineer a UK fiscal crisis.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards