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macy macon

Moody's Downgrades Credit Ratings of 28 Spanish Banks - 0 views

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    "Moody's downgrades credit ratings of 28 Spanish banks. The announcement comes on day Spain's government formally asked for $125bn loan package to recapitalize its banks. "
macy macon

Euro Leaders Agree on Deal for Struggling Banks - 0 views

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    "Euro leaders have agreed to radically restructure Spain's €100bn bank recapitalization plan. EU funds will now be directly injected into staggering Spanish financial institutions, indicating that the Spanish government will be able to avoid the burden of the bailouts from its sovereign books."
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