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IMF weighs Spanish bank backstop bill

Thursday, June 07, 2012 - 01:54

June 7 - Markets wait for word from Washington as the IMF weighs up just how much cash Spain needs to backstop its banks.

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Reliever risk assets is all of -- -- Spanish bank rescue and a Chinese restaurant its hopes for Asian tomorrow and the Chinese rubles or boosting speculation. The more monetary stimulus could be on the way in the US as well. Gemini now reports to be working urgently with EU officials on a rescue package for Spanish banks that could be worth up to forty billion euros. But while rising hopes for a rescue may be boosting markets any deal could just bring fresh troubles for the Euro zone. This is why the VCB and I mean you have have -- a difficult problem. Because. They have to treats. All of these countries even handedly. And I think it's a particularly -- program at the moment and given that Greece. He's going to going to the polls again in the show featured in the new feature and and they were not not take kindly to you them suited to see another. Troubled Euro zone country having as you said. Preferential treatment. Spain says is now -- the outcome of an IMF report on its banks before deciding on any appeal to Europe for help. That report -- before the fund's board tomorrow and will then be issued Monday. Among the sticking points whether any EU bailout loans could go to Spain's bank resolution fund. Rather than the states. On the data front tomorrow we'll get more clues about health of cool eurozone economies to trade numbers -- from S and Germany German exports. -- down at an annual rates of 1% on the month while France's trade balance is seen edging deeper into the red tomorrow may also -- course to deeper -- it's at least. Industrial production full cost for a -- 7%. In April that is so from us for now but join us every day this time for look ahead of the events sentiment in the markets. Financial troubles -- is roses and.

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IMF weighs Spanish bank backstop bill

Thursday, June 07, 2012 - 01:54