Tag Archives: Spain

Dozens hurt in Spain protest clashes

Posted in Editorial | Tagged | Leave a comment

Spain is officially insolvent: get your money out while you still can

I’d not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort. … Continue reading

Posted in Editorial, Financial | Tagged , | 1 Comment

Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses

The ‘relative’ innocence of the depositors in Cyprus who saw their savings crushed by the hammer-blow of Germany’s reality last week is, it seems, not the only hardship that the European people are suffering. In Spain, thanks to their FROB … Continue reading

Posted in Editorial, Financial | Tagged , , | Leave a comment

Spain and Portugal, Austerity Protests

Posted in Civil Unrest, Editorial, Financial | Tagged , , , | Leave a comment

Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

With Spanish 10Y yields hovering at a ‘relatively’ healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that keeps … Continue reading

Posted in Editorial, Financial | Tagged , | Leave a comment

This Is What Happens When the Police Become Militarized

Spain’s Police Beating Everyone: A Warning To America Source From YouTube: Spain’s police state has spiraled out of control as riot police are now running throughout the streets beating everyone in sight, men and woman, young and old. When the … Continue reading

Posted in Civil Unrest, Editorial | Tagged , , | Leave a comment

Life Without Quantitative Easing

Anti-cuts protests erupt on streets of Athens and Madrid Demonstrators have clashed with police on the streets of Athens and Madrid in an upsurge of popular anger at new austerity measures being imposed on two of the euro zone’s most … Continue reading

Posted in Civil Unrest, Editorial | Tagged , , , , | Leave a comment

Protesters, police clash in Madrid

Madrid, Spain (CNN) — Thousands of protesters fed up with the country’s austerity measures demonstrated here Tuesday outside the congressional building. Clashes between police and demonstrators in central Madrid’s Neptuno Square resulted in 28 people being hurt, two of them … Continue reading

Posted in Civil Unrest, Editorial, Financial | Tagged , , | Leave a comment

Spaniards stage large anti-austerity protest in Madrid

Thousands of protesters demonstrate on the streets of Madrid Public sector workers from all over the country gathered in the city’s Plaza de Colon, blocking major roads. The protesters say the cuts are hitting mainly the middle- and low-income classes, … Continue reading

Posted in Editorial, Financial | Tagged , , | Leave a comment

Spanish Bank Runs and Struggling Deutsche Bank

There is a fully fledge bank run ongoing in Spain that is not being adequately reported in the mainstream news media. In June $70 billion dollars left their system. In July it was $92 billion which is 4.7% of total … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment

Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain

It is, Julio Vildosola concedes, a very big bet. After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment

Spain: For Whom The Bell Now Tolls

For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing … Continue reading

Posted in Editorial, Financial | Tagged , , | Leave a comment

Why Europe Matters… And How Spain Could Wipe Out Your 401(k)

Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?” The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment

Spain inches closer to seeking sovereign bailout

Spain inched closer to seeking a sovereign bailout on Friday as Prime Minister Mariano Rajoy opened the door to a request, although he said he needed first to know the attached conditions as well as the form the rescue would … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment

There Goes Spain

The people in Spain are protesting throughout the country as the austerity measures have cut government payrolls and services. The country cannot afford to borrow money at 7.3% to finance its debt. Once Finland forced Spain to provide hard guarantees … Continue reading

Posted in Editorial, Financial | Tagged , , , | Leave a comment