Imf: Spanish Banks Need $46 Billion

Spain Bailout

Spain's banks need at least 40 billion euros (about $46 billion) in fresh capital to preserve the country's financial stability, the International Monetary Fund said Friday in an eagerly-awaited report.

Sections:  world   
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
  • Periphery Fragility List - Safe Haven
    ... there are Japanese yields at 0.32%, French at 0.60%, Spanish at 1.26 ... up 1.7%). The Utilities declined 0.9% (down 5.0%). The Banks slipped ...
    02/28/2015 - 10:47 am | View Link
  • Family Feud: The Tortured Relationship between Schäuble and ... - Spiegel Online
    2 billion was withdrawn from Greek banks and ... the role herself, together with Spanish Finance ... Greece would only receive the promised IMF ...
    02/27/2015 - 2:58 pm | View Link
  • Whisper it, is the euro zone perking up? - Reuters
    Final Spanish Q4 GDP data this morning are ... demand for credit at the rates banks are prepared ... a four-month bailout extension – despite ...
    02/26/2015 - 3:49 pm | View Link
  • Markets Live: Profit taking bites - Sydney Morning Herald
    Markets Live: Profit taking bites - Brisbane Times
    02/25/2015 - 12:36 pm | View Link
  • European Semester 2015: College decisions - European Commission
    ... specific monitoring . Ireland completed the EU-IMF financial assistance ... to reduce the risk of adverse effects on the Spanish economy and, ...
    02/25/2015 - 12:03 pm | View Link
  • More
  • Why Greece is Stuck With the Worst of All Worlds Right Now
    With €460 million ($501 million) of IMF loans to be repaid ... institutions held nearly 54% of Spanish government debt in the third quarter of 2014 compared with less than 37% at the start of 2007. By contrast, Greek banks have been slashing their ...
    03/25/2015 - 5:29 am | View Link
  • Cliff Taylor: Crunch time on mortgage arrears
    If we had foreclosures at even Spanish levels ... clearly in the IMF paper, which says that some kind of widespread programme of across-the-board debt relief is likely to be expensive and ineffective – and also to cost the banks.
    03/20/2015 - 6:00 pm | View Link
  • Less testosterone could make for much better banks
    Janet Yellen chairs the US Federal Reserve, and Christine Lagarde is MD of the International Monetary Fund (IMF). Mary Jo White heads the US ... The most senior woman is Ana Botín, executive chairman of Spanish bank Santander. While she has a record ...
    03/19/2015 - 11:34 pm | View Link
  • The ECB's Noose Around Greece: How Central Banks Harness Governments
    Pepe Escobar writes: The troika sold Greece an economic racket . . . . Essentially, Greece’s public debt went from private to public hands when the ECB and the IMF ‘rescued’ private (German, French, Spanish) banks. The debt, of course, ballooned.
    03/13/2015 - 9:00 pm | View Link
  • Deepening Spanish credit crunch could hit banks, economy, says IMF
    The IMF, which is monitoring ... the lenders' solvency had improved. But economic problems including record unemployment had left the sector mired in a deepening credit crunch. That pressure could push banks, whose profits will likely suffer, to further ...
    07/14/2013 - 11:17 pm | View Link
  • More
  • iMFdirect
    The International Monetary Fund's interactive global economy forum
    03/26/2015 - 12:57 pm | View Website
  • How The IMF-World Bank and Structural Adjustment Program ...
    These measures forced countries on a path of deregulated free market economies. The IMF/World bank basically determine countries’ macro-economic policies, they take ...
    03/25/2015 - 9:55 pm | View Website
  • What’s Lurking in the Shadows of China’s Banks ...
    In China, shadow banking is often defined as total social financing less bank loans. We tend to exclude equity issuance—firms raising money by selling stock (as ...
    03/25/2015 - 3:07 pm | View Website
  • Spain and the IMF -- Page 1 of 20
    Material about Spain and its activities with the IMF
    03/24/2015 - 3:23 pm | View Website
  • IMF Data
    The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Manuals, guides, and other material on ...
    03/24/2015 - 2:26 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News