“As few details on the Spanish bank bailout. The only information released is the amount – Euro 100B. This is a nice round number.
Last week the IMF suggested that Euro 40B might be the right number. Now we get a deal for 2+Xs that. I think this was orchestrated to leave the markets with the impression that massive firepower has been garnered, and therefore the problem is now contained. Rubbish. “
Joined Nov 11, 2007
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