Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Bankia sale good for morale, not finance

Friday, February 28, 2014 - 03:49

Feb. 28 - The Spanish Government will sell a 7.5% stake in the Bankia. It’s a testament to the country’s recovery, but Madrid will struggle to recoup the €22 bln it sunk into the lender, says Breakingviews.

▲ Hide Transcript

View Transcript

Good demand for bank vicious SPS Spanish state sells seven and a half percent. In the bank let's get breaking views take on this apt get and a song. -- -- -- -- -- -- -- -- That the sailors batch of summerall. And finance what you mean about. Yes we mean that the state is still bought very far from recouping its investment voice the -- to give the money poured into bank yet. What -- more than twenty to -- between 2012 between thirteen new members of the big drama around bank accounts -- banking system in general. European. Euros on the bailout. And spot. Priscilla through it's it's a tale about -- punish recovery investors eager to buy into the Spanish recovery. And explains why demand was crisis you know such as as expected. Second. Of course an investment into them with my kids management on. I'm the really critical steps they have taken to really take the bank of total. So the bank is improving its markets improving its rooms the situation. It has -- concluded that targets because of course the bailout came with. European conditions attached between metal targets ahead of time. I took -- the bank is we -- on track -- very sound and symbolic do you think of that the Spanish it is definitely symbolic of of what markets want to believe about paying nowadays which is. The countries take getting out of trouble on the banking system is is is getting better but they'll still risks ahead because. Part of the bank situation at the bit the bank's -- one point -- book which is the Boston and for example yesterday. As of yesterday. The risks are. It's a very amounts profits a student progress based on the territory. -- -- -- Things so when he turns around is a Spanish recoveries -- the strongest as a as a as expected the market's hitting will. When it might change and you have to remember. The current state can -- the State's stake is now worth around twelve billion Euro to fall from the 22 billion. So is good for Spanish morons -- for the banks moron it's shows that the bank is the right track doesn't mean that the Spanish taxpayers would recoup its money. What's taking a look at the that the ship -- go up on screen and Africans in that time but -- we're up a barrel I think about 29 cents. Com so far this yeah yeah I tripled tripled since last summer. We've cement it's an amazing and again to the market sentiment towards bank yeah. Has proceeded to read some place and now about the -- Jones -- sixty basis and understand and they they don't want selling what many teens know because it would be to probably ought to trouble market you know dump -- could be. Users mistakenly on the market so that the reason. They said from the beginning that would not have. More than 18% have to remained voters have to make sure that there of course because certain price and again. Conservatives -- -- -- taxpayers' money OK but just to finish with as this thoughts. The sale. A thumbs up from breaking views from what we've seen so far ransoms all. Morale and -- of symbolism in Spain that the stake is nicely saudis it is good to us the rice does not to have to traumatize market and those. -- should show that's a vote of confidence that. Overall a good corporate target yet many things that kept NASA from breaking views if you watch our USA twelve bodies and seventeen said he. GMT. And axles hopefully this is this.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Bankia sale good for morale, not finance

Friday, February 28, 2014 - 03:49

Editors' Picks »

Oddly Enough »

Riding a bike "side-saddle" Riding a bike "side-saddle"

Thu, 18 Sep, 2014 - (1:10)

Celebs speak up in Scottish independence debate Celebs speak up in Scottish independence...

Tue, 16 Sep, 2014 - (1:29)

Flying a plane using power of the mind Flying a plane using power of the mind

Tue, 16 Sep, 2014 - (1:55)

Philippines breeds its first baby penguin Philippines breeds its first baby penguin

Tue, 16 Sep, 2014 - (1:18)

Nowhere to hide for this horror film Nowhere to hide for this horror film

Mon, 15 Sep, 2014 - (0:48)

Mexico dishes up creepy crawly fare Mexico dishes up creepy crawly fare

Sun, 14 Sep, 2014 - (1:31)

Lion cubs the pride of San Diego Zoo Lion cubs the pride of San Diego Zoo

Sat, 13 Sep, 2014 - (0:46)

Dateline Asia »

iPhone black market surges in Hong Kong iPhone black market surges in Hong Kong

Fri, 19 Sep, 2014 - (1:50)

Sterling jumps, on Scottish vote Sterling jumps, on Scottish vote

Fri, 19 Sep, 2014 - (2:56)

Rare rock on the block in Hong Kong Rare rock on the block in Hong Kong

Thu, 18 Sep, 2014 - (1:43)

Alibaba IPO is 'overhyped': Mark Mobius Alibaba IPO is 'overhyped': Mark Mobius

Thu, 18 Sep, 2014 - (4:13)

China tech players chip away at Alibaba China tech players chip away at Alibaba

Wed, 17 Sep, 2014 - (4:02)

Asia corporate sentiment is slipping Asia corporate sentiment is slipping

Wed, 17 Sep, 2014 - (1:36)

Alibaba's China roadshow Alibaba's China roadshow

Mon, 15 Sep, 2014 - (2:16)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)