Thursday , 22 February 2024

Tag Archives: Spanish debt

In Defense of Spain: What Crisis??

You can twist it as you like: there is no European debt crisis. There simply isn't. The uncontrolled media frenzy that we are experiencing is undifferentiated, baseless and harming investors. They are selling shares in Spain instead of profiting from these extraordinary times and buying more of them - as any serious investor would do. Words: 506

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IMF’s Attempt to Use Spain’s Financial Woes to Increase Its Powers a Momentous Move – Here’s Why (+2K Views)

The International Monetary Fund wants the rules of the IMF changed so it can lend directly to banks and underwrite a rescue of the Spanish financial system without increasing Spain's government debt. If the IMF is permitted to do so, however, the banking system's control would pass to the IMF and such an increase in powers would be momentous. Here's why. Words: 755

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