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Spanish Banks In Panic Mode Over Maturity Of Ecb's €442 Billion Long-Term Refinancing Operation

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Yep, and in the meantime back at the Greek ranch

June 29 (Bloomberg) -- Greek unions today hold their fifth general strike of the year, halting ferries, public transport and other state services to protest government plans to cut pension benefits and loosen labor laws.

The General Confederation of Labor, or GSEE, Greece’s largest union group for workers at private companies, and ADEDY, the civil servants’ organization, are holding a rally and march on parliament in Athens. The 24-hour stoppage includes maritime engineers at Piraeus, Greece’s largest port.

“We are faced with almost the totaling of Greece’s social security and labor system,” ADEDY Chairman Spyros Papaspyrou said by telephone. “We want the overturn of the harsh and anti- social measures and remain committed to this struggle.”

Ah, but guru Jim S said the Euro is overdue a rebound :lol::lol::lol:

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Spanish Debt Maturities Shows Huge Funding Problem

Mish had an interesting post about this as well.

Seems another bailout is going to happen, although will Spain still have to contribute to bailing out Greece. So some of the bailout money for Spain will go to bailout Greece?

Edited by interestrateripoff
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  • 433 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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