beabsichtigt die spanische Regierung
www.cotizalia.com/en-exclusiva/...eamiento-20110113-63696.html
El Confidencial is reporting that Spain is preparing a massive capital injection of between €30 and €80bn to clean up the cajas, or local savings banks.
Via Google Translate:
The Prime Minister, José Luis Rodríguez Zapatero, is determined to tackle once and for all the cleaning up of the Spanish financial system, namely the savings banks. And for that, is prepared to make a capital megainyección public sector to be at least 30,000 million and could in extreme cases up to 80,000 [million], according to sources familiar with the situation.
Mega-inyección — we like.
This decision is due to both Zapatero and Elena Salgado believe that the Government has implemented all necessary measures to adjust and are bearing fruit, as shown in deficit reduction. And blame the punishment that our country suffers in the markets to mistrust in the financial sector, something that agrees with many experts.
..........
As RBS notes:
This part nationalisation of the banking system would be a major positive to the listed banks, especially if it triggers improved pricing in the wholesale markets and more rational loan and deposit pricing. €30bn to 80bn of direct equity would represent 3% to 8% additional debt / GDP for the country, but would ideally need to be prefunded rather than raised in one chunk from the market. If the second round of stress tests being planned were the trigger point, followed by massive recapitalisation, this could restore confidence in the Spanish banking market. As Banesto’s sobering 4Q10 results showed yesterday, the longer the government leaves it, the more expensive any clean up will be.ftalphaville.ft.com/blog/2011/01/14/459426/...r-spanish-banks/
www.cotizalia.com/en-exclusiva/...eamiento-20110113-63696.html
El Confidencial is reporting that Spain is preparing a massive capital injection of between €30 and €80bn to clean up the cajas, or local savings banks.
Via Google Translate:
The Prime Minister, José Luis Rodríguez Zapatero, is determined to tackle once and for all the cleaning up of the Spanish financial system, namely the savings banks. And for that, is prepared to make a capital megainyección public sector to be at least 30,000 million and could in extreme cases up to 80,000 [million], according to sources familiar with the situation.
Mega-inyección — we like.
This decision is due to both Zapatero and Elena Salgado believe that the Government has implemented all necessary measures to adjust and are bearing fruit, as shown in deficit reduction. And blame the punishment that our country suffers in the markets to mistrust in the financial sector, something that agrees with many experts.
..........
As RBS notes:
This part nationalisation of the banking system would be a major positive to the listed banks, especially if it triggers improved pricing in the wholesale markets and more rational loan and deposit pricing. €30bn to 80bn of direct equity would represent 3% to 8% additional debt / GDP for the country, but would ideally need to be prefunded rather than raised in one chunk from the market. If the second round of stress tests being planned were the trigger point, followed by massive recapitalisation, this could restore confidence in the Spanish banking market. As Banesto’s sobering 4Q10 results showed yesterday, the longer the government leaves it, the more expensive any clean up will be.ftalphaville.ft.com/blog/2011/01/14/459426/...r-spanish-banks/