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Eurozone Crisis – Spain Bailout or Bailin?

Fresh news from the oven – pressed by its own provinces, Spain is asking for bailout money, but Germany withheld it for the moment. A coordinated rescue program could pave the way for the European Central Bank to buy Spanish bonds. Noone knows when ECB will intervene and probably the markets are uncertain about the magnitude itself- which explains why FTSEurofirst index of top European shares opened 0.4 percent lower this morning. But this is not a big decrease after all, it is just reflecting the above mentioned uncertainty on the markets.Read More »Eurozone Crisis – Spain Bailout or Bailin?