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(Reuters) - Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion euros ($366 billion) if its borrowing costs remain unsustainably high, a euro zone official said. Economy Minister Luis de Guindos brought up the issue with German counterpart Wolfgang Schaeuble in a meeting in Berlin last Tuesday as Spain’s borrowing costs soared past 7.6 percent, the source said. If needed, the money would come on top [...] France just went bonkers again with their commie government: PARIS (AFP)–Greece’s exit from the eurozone risks causing an “unpredictable” spread of the debt crisis, a scenario which France will work to avoid at all cost, French Finance Minister Pierre Moscovici said Tuesday. (Reuters) – The European Central Bank should not have relaxed collateral rules to give money to banks because of higher default risks, ECB Governing Council member Klaas Knot was quoted as saying on Friday, warning cheap ECB money could create “zombie banks”. Knot, who is also Dutch central bank president, told a Dutch newspaper he agreed with his German counterpart Jens Weidmann, who warned ECB President Mario Draghi in February of [...] The latest from Greece… and it’s insane. http://newspano.com/news/greek-rhetoric-turns-into-battle-of-wills The battle of wills between Athens and its eurozone lenders has intensified, with Greece’s finance minister accusing “forces in Europe” of pushing his country out of the euro while his German counterpart suggested postponing Greek elections and installing a new government without political parties. Say whaaaaaaaat? Regime change… basically a declaration of war. From FT:
The battle of wills between Athens and its eurozone lenders has intensified, with Greece’s finance minister accusing “forces in Europe” of pushing his country out of the euro while his German counterpart suggested postponing Greek elections and installing a new government without political parties. The tongue-lashing by Evangelos Venizelos, who is expected to stand in April elections as leader of the centre-left Pasok party, came as his government scrambled to [...] |
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