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Spain Says Downgrade Won't Affect Plans

Wall Street Journal Original article ›

Keywords:


Spain- debt, credit ratings, and borrowing costs 2011-2014

01/04/2011

Bond yields for Spanish government bonds in 2011-2014.

Grouped Articles

Return of Long-Term Bond Buyers Seen as Crucial to Europe

New York Times 06/29/2012

A Warning Light to Alert the I.M.F.

New York Times 09/21/2011

Europe Bonds May Offer More Value

Wall Street Journal 08/23/2013

New Spanish Budget Free of Austerity Measures

New York Times 09/27/2013

Netherlands Loses Triple-A Rating, Spain Outlook Raised

Wall Street Journal 11/30/2013

Bonds of Italy, Spain Narrow Gap With U.S., German Yields

Wall Street Journal 04/09/2014

Rescue of Spain's banks with a $125 billion committment from the European Financial Stability Facility (EFSF)

02/25/2010

EU finance ministers persuaded Spain to borrow from the EFSF and place the money in a special fund intended to recapitalize its banks. The IMF will provide some oversight over the banks but no conditions or oversight will be imposed on Spain only on its banking system as a compromise. Problems in the banking system arise from a housing bubble in Spain and failing cajas savings banks. Spain has already committed to adhering to fiscal deficit targets on a longer term basis with the EU. This makes it a rescue of the banks more than a bailout of the kind deisgned for Greece, Ireland and Portugal.

Grouped Articles

Bond Buys a Risky Business

Wall Street Journal 08/08/2011

A Warning Light to Alert the I.M.F.

New York Times 09/21/2011

The Pain in Spain Falls Mainly on the Cajas

BusinessWeek 02/25/2010

Spain's cajas: Unholy mess

Economist 05/29/2010

Spain's Bankia Returns to Profit

Wall Street Journal 02/04/2014

Spain requests bailout help - The Washington Post

Washington Post 06/10/2012

Spain's prime minister Mariano Rajoy's handling of the economic and banking crisis in Spain

09/28/2011

Rajoy's history cautiously embracing politics as Spain emerged from the Franco era, his father's advice to avoid politics after the searing experience of his grandfather in Galicia, the early years in Pontevedra, Galicia, and regional pride in Galicia, are described in Rajoy's book "En Confianza." Regional pride and the European experiment appear to be intertwined, just as Germany would like to see its political entity merged with a European entity, Spain would like to see its political entity merged with the European entity, because of a searing interwar period. Rajoy would genuinely like to see the European experiment go forward as he made the decision to accept EU aid.

Grouped Articles

The Spanish Reform Model

Wall Street Journal 09/28/2011

Spain Emerges From Recession but Sees More Austerity Ahead

Wall Street Journal 09/23/2013

Spain Plans to Burn Its Bridges to Keep Vacationers on the Job

Wall Street Journal 02/08/2012

Mariano Rajoy of Spain Steps Up in Debt Crisis

New York Times 06/10/2012

EU: Spain Banks Will Be Monitored

Wall Street Journal 06/11/2012

Spain's Handling of Bankia Repeats a Pattern of Denial

Wall Street Journal 06/11/2012


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