Posts from Saturday Jun 9 2012

‘The Eurogroup supports the efforts of the Spanish authorities…’

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Jun 09 2012 19:43 | Comment |

Or, up to €100bn in EFSF and/or ESM loans channelled to the bank recap fund (with conditions on structural and bank reforms but without specific fiscal demands), while Spain itself carries on issuing in the market.

Click image for full Eurogroup statement: Read more

#NoEsUnRescateEsUnSaqueo

Paul Murphy is the founding editor of FT Alphaville.

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| Jun 09 2012 13:56 | Comment |

Trending, rápidamente in Spain on Saturday…

It means “Not a rescue, it’s a looting.” H/T @pdacosta Read more

Moody’s tries to ruin our weekend, would have succeeded were it not already ruined

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Jun 09 2012 00:09 | Comment |

We already knew we’d have to watch for a Spanish banking bailout request tomorrow.

Now comes Moody’s with a report warning that “recent developments in Spain and Greece could lead to rating reviews and actions on many of the euro area countries” — and offering a generally downbeat if less-than-original assessment of the euro zone’s future in general. Read more