Weekly Eurozone Watch: The European Street

Key Data Points
German 10-year Bund 15 bps lower;
France 6 bps wider to the Bund;
Italy 10-year 20 bps wider;
Spain 33  bps wider;
Portugal 107 bps wider;
Ireland 24 bps wider;
Greece 28 bps tighter;
Large Eurozone banks down 5-10 percent;
Euro$ down 1.00 percent.

Comments
Spanish bank stress test results released after Friday close:
Bankia: €24.7bn capital shortfall
Catalunya Caixa: €10.8bn capital shortfall
Novagalicia: €7.2bn capital shortfall
Banco De Valencia: €3.5bn capital shortfall
Popular: €3.2bn capital shortfall
BMN: €2.2bn capital shortfall
Ibercaja+Caja3+Liberbank: €2.1bn capital shortfall;
Seven Spanish banks reportedly do not need capital, including Santander and BBVA;

Source:  Guardian

Austerity and reform fatigue growing reflected in this week’s  mass protests across Europe.

(click here if charts are not observable)

This entry was posted in Weekly Eurozone Watch and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.