The Bank of Spain released its latest data on the level of bad loans held by Spanish banks today. For the first time since January 2013, the value of bad loans has dropped – falling from €195.2bn in Feb to €192.8bn in March. However, it has stayed …
Posted by Open Europe blog team
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bad loans, ECB, real estate, Spain, Spanish bank bailout, spanish banks |
September 9, 2013
A general view seems to have come to pass (and not without good reason), that ratings actions in the eurozone have much less significance these days. This is mostly because the ratings agencies tend to ‘lag’ the market – meaning that a downgrade only…
Posted by Open Europe blog team
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credit rating, dbrs, downgrade, eurozone, Spain, Spanish bank bailout, spanish banks |
October 19, 2012
In July, we published a briefing looking at the potential impact of regional debt problems on the Spanish economy. In particular, we noted that Spanish regions were expected to make swingeing cuts to meet the overly ambitious regional deficit target …
Posted by Open Europe blog team
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Rajoy, Spain, Spanish bailout, Spanish bank bailout, spanish banks, spanish regions |
October 2, 2012
Keeping count of how many times Spain’s deficit targets and forecasts have been revised has become a challenging exercise. Following the publication of its draft budget for 2013, the Spanish government has admitted that Spanish deficit at the end of th…
Posted by Open Europe blog team
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bailout, eurozone. bail-out, Excessive Deficit Procedure, Olli Rehn, Partido Popular, Rajoy, Spain, spanish banks, spanish regions |
September 28, 2012
Here is the full report (and the bank-by-bank results) from the latest Spanish bank stress test exercise. Below we provide the key points and our initial thoughts on them. The tests put the total capital needs of Spanish banks at €59.3bn, but Spanis…
Posted by Open Europe blog team
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bank capital, Bankia, banking sector, EFSF, esm, interbank market, recapitalisation, Spain, Spanish bailout, Spanish bank bailout, spanish banks, stress tests |
September 20, 2012
One should give some credit to the Spanish government for its determination in trying to make bailouts look like something else. Today’s El País reports that Spain is planning to request that the unused money from the €100 billion bank bailout packa…
Posted by Open Europe blog team
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European Commission, eurozone crisis, germany, juncker, Rajoy, Spain, Spanish bailout, spanish banks |
August 31, 2012
Spain announced its plans for cleaning up its banking sector earlier. With the full legislation only just released, we are still looking through it and will bring you the pertinent points in due course. But there was also another interesting developmen…
Posted by Open Europe blog team
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bailout, bank capital, Bankia, esm, restructuring, Spain, Spanish bailout, spanish banks |
July 27, 2012
A quick-fire Friday afternoon quiz for our readers. Who said the following in February 2011?”As a Spaniard, I don’t like being told what I have to do from outside.”Well, it was Spain’s then opposition leader Mariano Rajoy, who was elected as Spanish Pr…
Posted by Open Europe blog team
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ECB, eurozone, eurozone crisis, germany, Merkel, Rajoy, Spain, Spanish bailout, spanish banks |
Today’s edition of French daily Le Monde – which, unlike a large majority of newspapers, is delivered to newsagents at noon – features an interesting story.According to the paper, the ECB and eurozone governments have intensified talks about the possib…
Posted by Open Europe blog team
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bailout, bundesbank, Draghi, ECB, germany, Rajoy, Spain, Spanish bailout, spanish banks |
There have been a couple more interesting developments about Spain today – the first one, at least in chronological order, being the publication of our new briefing. Speaking at the Global Investment Conference in London, ECB President Mario Draghi s…
Posted by Open Europe blog team
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Draghi, ECB, eurozone, eurozone crisis, germany, Merkel, Rajoy, Spain, Spanish bailout, spanish banks |
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