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Realistbear

3 More Spanish Banker Er, "consolidate"

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http://uk.finance.yahoo.com/news/three-more-spanish-banks-announce-alliance-afp-e3e24122319e.html?x=0

Three more Spanish banks announce alliance
11:11, Tuesday 22 June 2010
Three more Spanish savings banks announced plans on Tuesday to form an alliance to weather the country's uncertain economic outlook sparked by the collapse of a property boom.
The three -- the Monte de Piedad y Caja General de Ahorros de Badajoz, the Caja de Ahorros y Monte de Piedad del Circulo Catolico de Obreros de Burgos and the Caja de Ahorros de la Inmaculada de Aragon (Xetra: A0B9N3 - news) -- are to join forces under a so-called "cold fusion" or "virtual" merger.

The dominoes are falling. Paribas downgraded on Monday may set a few things off this week.

I think we are back on track for the meltdown. IMF just dropping in to Spain as a routine courtesy call--yeah right.

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Bit like airlines - form an alliance and then a couple of them go bust?

Right--circle the wagons time. The situation in the EZ is still dterirotaing at the same rate--the recent return to confidence was grossly misjudged:

http://uk.finance.yahoo.com/news/eurozone-balance-of-payments-back-in-deficit-afp-92e21ea39d99.html?x=0

Eurozone balance of payments back in deficit
11:12, Tuesday 22 June 2010
The eurozone's balance of payments slipped back into the red in April to show a deficit of 5.1 billion euros (6.3 billion dollars), the European Central Bank said on Tuesday.

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Monte de Piedad y Caja General de Ahorros de Badajoz

Caja de Ahorros y Monte de Piedad del Circulo Catolico de Obreros de Burgos

Caja de Ahorros de la Inmaculada de Aragon

Gotta love those names, it all sounds like a catto-conspiracy worthy of the Da Vinci Code.

PANIC DISK FUSE

Decipher this, J-Zap :lol:

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Paribas downgraded on Monday may set a few things off this week.

And so it goes full circle. That took about 3 years.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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