Spain: Where There is Smoke, Usually There is Fire

By: Ian Campbell | Tue, Aug 28, 2012
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Why read: Because October is coming closer, and Spain is said to then face debt repayments of over 30 billion euros.

Commentary: I suggest you focus on denials made Friday by a representative of Spain's Government, who is reported as confirming there are no on-going negotiations for any 'bailout program' related to Spain other than the 100 billion euro Spanish banking rescue loan from the eurozone.

My comments:

I suggest you read the referenced article and reach your own conclusion as to credibility of this denial.

Topical Reference: Spain denies negotiations on sovereign rescue, from The Globe and Mail, from Agence France-Presse, August 24, 2012 - reading time 2 minutes.



Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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