IMF calls for ECB rate cut, quantitative easing…How strange, I thought there was no deflation threat
Brussels however says high debt, unemployment remain key risks for Spanish economy
European Commission removes Spain from excessive economic imbalances watch list, says remaining imbalances to abate over time
MADRID (Reuters) – Spain made a small profit on the sale of a 7.5 percent stake in Bankia (BKIA.MC: Quote, Profile, Research, Stock Buzz) as the government started to return the country’s biggest bailed-out bank to private ownership and recoup taxpayers’ money.
Bankia became a symbol of Spain’s financial crisis after the huge losses it and other banks built up due to a property market collapse forced the government to take 41.3 billion euros ($56.5 billion) in European aid to rescue the weakest lenders.
MADRID, Feb 28 (Reuters) – Spain is making a 301 million
euro ($412 million) profit on the sale of a 7.5 percent stake in
Bankia, the lender’s parent company BFA said, as the government
started to return the country’s biggest bailed-out bank to
The shares were sold at 1.51 euros each on Friday, a
discount of around 4 percent to their closing price on Thursday
but 12 percent higher than the 1.35 euros the government bought
them at last year.
MADRID, Feb 27 (Reuters) – Spain’s Telefonica said
on Thursday it was seeing signs of a rebound as it posted 2013
results, but analysts warned it remained vulnerable to Latin
American jitters and still tough European markets.
Europe’s biggest telecom operator by revenue, emerging from
a two-year plan which saw it sell assets and cut its dividend to
pare high debt and regain financial muscle, returned to organic
operating income growth last year, with activity gathering pace
in the final quarter.