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Posts Tagged ‘NYSE’

Liquidity, Liquidity where are thou?

The markets are down – 3 words – Spain, Italy and Korea. The Libor is now at 0,53%, the euro is down and new Fed-ECB rescue facilities are rumoured to be eminent. Oh and after the markets opened this morning, the NYSE is still broken. Well you know things are bad when a bank run by the Catholic Church goes broke: the Bank of Spain just nationalized Cordoba-based CajaSur. It’s not a big bank (0,6% of banking sector in Spain) but this collapse is reviving fears over the health of Spanish banks à la subprime in the US. CajaSur is …

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Tuesday, May 25th, 2010   Tags: , , , , ,
Category: European Debt Crisis, Monetary Policy   No Comments comments

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