As you see from the table Spain’s fiscal profile continues to worsen as a result of the Government’s determination to participate in the ESFS which will help avoid significant losses at German and French Banks. This will certainly be reflected … Continue reading →

Hi The message from Brussels may give some comfort to markets as there is no explicit haircut for bond holders as of this hour and also because of the 35bn earmarked for fresh capital and roll over guarantees.  But as … Continue reading →