Alle Artikel zu:

Spain

As crisis worsens, surprise visit by Spain’s de Guindos to Berlin

Spain’s Economy Minister Luis de Guindos announced in front of the Spanish Parliament, Spain would not need a complete bailout or rescue package. Despite this optimism it has now been announced that he is flying to Berlin tomorrow.

Spanish 10 year sovereign debt came under pressure on Wednesday. (Chart: Bloomberg)

Investors buy German Bunds at record negative yields, amid uncertainty over Euro periphery

On Wednesday Germany again sold 2 year-Bunds at negative yields. The yield was at 0.06%. This was the lowest value ever. The yield was at 0.06%. This was the lowest value ever. At the moment these are perceived to be a safe haven in the bond market amid ongoing uncertainties in Spain and Italy.

Although Italy's Mario Monti is pushing hard, Angela Merkel does not want to give in on German key objectives for Europe such as stability and accountability. (Photo: consilium)

Merkel says European banking union is a future task, not to happen soon

German Chancellor Angela Merkel is not willing to move ahead quickly with allowing direct aid for European banks from either EFSF or ESM. Instead, she confirmed that every state will have to guarantee for its banks. This will lead to higher deficits in states where banks need to apply for money from the bailout funds.

Opel and Peugeot hit hard as European car makers report decline in sales

The branch association European Automobile Manufactures’ Association (ACEA) reported that the registration of cars has fallen by 2.8%. Countries such as Spain (-12.1%) or Italy (-24.4%) are reporting significant declines.