Spanish Banking Suspends Evictions for Two Years

Today the Spanish Banking Association (AEB for its Spanish acronym) announced his commitment to paralyse home evictions of those that do not pay their mortgage during the next two-year in the cases that “involve circumstances of extreme need” of the affected, which could be...

Bank of Spain Would Ward Regular Banks

The Spanish government is preparing a decree which will allow the Bank of Spain to place under guardianship the banks in difficulty, before reselling in doubt about their viability. This decree, still subject to change, is expected to be approved by the government in the Cabinet...
Eurozone

German Parliament will Support Financially the Spanish Bank

This morning, German Parliament, Bundestag, is ready to recapitalize the Spanish Bank with European funds. Germany will give a loan of 100,000 million euros to be granted through the European Financial Stability Fund (EFSF). This aid is going to be paid with the condition that...
Eurogroup may Suspend Loan to Spanish Banks

Loan to Spanish Banks may be Suspended by the Eurogroup

Spanish banks could lose the loan that the Eurozone has provided them, if they were to fail on their commitments to the excessive deficit procedure. Community sources recalled that this loan does not mean “no additional conditionality” macro. They also underlined that...