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!
Spain is getting a bailout
Comments
-
Spain 10 year bonds currently at 7.55%. :shocked: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 tell yer, we need a summit!
Find it fascinating that a few of us on here cuold see can kicking wouldn't work. Yet people paid hundreds of thousands a year couldn't.
The only thing that's taken me by surprise is how rapid the falldown has been. I assumed the last 2 announcements for Spain would have bought at least 6 months. Not a couple of weeks.0 -
Graham_Devon wrote: »I tell yer, we need a summit!
Find it fascinating that a few of us on here cuold see can kicking wouldn't work. Yet people paid hundreds of thousands a year couldn't.
The only thing that's taken me by surprise is how rapid the falldown has been. I assumed the last 2 announcements for Spain would have bought at least 6 months. Not a couple of weeks.
Very true and it would seem now that billions don't buy much more than two weeks of calm at a time. If I remember correctly August was the month everything turned sour on the markets last year, when all the politians were off on their jolly holidays.
If the rumours are also true about the IMF thinking of pulling out of giving any more financial aid to Greece from September then that's Greece's can kicking days over. Question is, has it just dawned on the IMF that trying to save Greece in the Euro is just not going to work anyway or that keeping them propped up to stop the contagion to other countries like Spain is now simply a waste of time?[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
There's a rumour that Catalonia will also be asking for similar assistance as Valencia has asked for very soon......Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0
-
Spain and Italy have now banned short selling on the markets, to try and stem the losses.0
-
All roads lead to Rome0
-
Spains 10 year bonds now 7.62%.
Italy's 10 year bonds are now at 6.6%
Wonder if Spain will go over 8%? Peston made a good point. Most of us could borrow for less than 7.6% over ten years!!0 -
It appears that Spain may be looking for a Euro Payday Loan, to tide them over, according to The Telegraph that reports:
"Spain has considered asking Brussels for a bridging loan to see it through to the end of the year, according to reports. Sources close to the government told elEconomista that Spain would need a loan to avoid the "imminent financial collapse" that awaits the country in October when it has to roll-over €28bn of debt.
The credit line would "buy time" for the country, the sources said, and would provide breathing space while the eurozone's permanent bail-out pot, the European Stability Mechanism (ESM)was set up.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 -
Love it. A bailout while the bailout is being set up
0 -
Graham_Devon wrote: »Spains 10 year bonds now 7.62%.
Italy's 10 year bonds are now at 6.6%
Wonder if Spain will go over 8%? Peston made a good point. Most of us could borrow for less than 7.6% over ten years!!
Good point but can Italians borrow cheaper. Maybe they should and then buy government debt0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards