Thursday, May 06, 2010
Santander think it necessary to put out this statement at this juncture!
The Telegraph: British savers 'safe from euro crisis' says Spanish bank
Santander, the Spanish bank that bought Abbey, Alliance & Leicester and most of Bradford & Bingley, has set out to reassure millions of British savers that their money is safe – despite fears the Greek debt crisis is spreading to Spain.
The move follows talk of contagion in the eurozone and scathing criticism of the credit rating agencies’ assessment of the security of bonds issued by European governments.
Bill Gross, managing director of Pimco, one of the biggest bond fund managers in the world, pointed to Spain’s 20 per cent unemployment rate, 10 per cent current account deficit and mocked Standard & Poor’s decision to downgrade bonds issued by the Spanish government from AA+ to AA. He said: “Oooh – so tough!”
Posted by cheekie charlie @ 07:09 PM (256 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.