Market euphoria over Spanish bank bailout fizzles

[The Watcher]

Market euphoria over Spanish bank bailout fizzles


Sonya Dowsett and Gareth Jones

July 11, 2012
Financial market euphoria over a European bailout for Spain’s debt-stricken banks faded quickly on Monday as investors sounded the alarm over its impact on public debt and bondholders, and eyed the next risks in the euro zone’s debt crisis.
EU and German officials said Spain faces supervision by international lenders after the deal to lend Madrid up to 100 billion euros ($125 billion), contradicting Prime Minister Mariano Rajoy who insisted the cash came without such strings.

European stocks leapt to a four-week high, with investors scooping up battered financial shares. But Spanish and Italian bond yields rose sharply as doubts set in about the impact and terms of the deal, designed to avert a run on Spanish banks.
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[cindylu]

[IMG]file:///C:/Users/cchance946/Pictures/banana005.gif[/IMG]

[bw]

[IMG]file:///C:/Users/cchance946/Pictures/banana005.gif[/IMG]

Cindylu, no one can see your image because it's on your hard drive. You need to upload it to a public site before others can see it.

Oh, and you probably just told everyone your name is Cindy Chance. Just a guess.

[cindylu]

The image is a dancing banana.
Remember them?

Hope you are well.

btw, that is not close to my name.

[The Hammer]

The image is a dancing banana.
Remember them?

You mean these guys?

[Kayso]

Nothing parties like other peoples money!

[cindylu]

Is it peanut, butter, jelly time, yet?

http://www.youtube.com/watch?v=9ekIzGfJkBs