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Spain's Bad Bank to Buy Up Assets
online.wsj.com
[Wall Street Journal] - By DAVID ROMÁN. MADRID—Spain's so-called bad bank will buy billions of euros worth of distressed loans and foreclosed property from commercial lenders for around half the book value, a discount that could weigh on the finances of its weakest banks as
Spanish unemployment reaches 25%
www.marketwatch.com
[MarketWatch] - By David Roman. Reuters. Economic desperation on the streets of Madrid. MADRID (MarketWatch) — Unemployment in Spain continued its steady march higher in the third quarter, as the euro zone's fourth-largest economy remained in recession, to hit a
Spain Under No Pressure to Ask for Bailout
online.wsj.com
[Wall Street Journal] - By DAVID ROMAN. Spain hasn't been pressured by European Union partners to ask for a bailout, Spanish Prime Minister Mariano Rajoy said Friday, signaling the euro zone's fourth-largest economy isn't yet prepared to take the much anticipated step.
Spanish, French Leaders Urge Quick Bank Action
online.wsj.com
[Wall Street Journal] - By WILLIAM HOROBIN and DAVID ROMÁN. PARIS—The leaders of France and Spain renewed their call for the euro zone to make swift progress on its planned banking union at a meeting in Paris, but Spanish Prime Minister Mariano Rajoy left investors
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