Spanish Stocks Plunge Most In 12 Months


zerohedge.com
July 20, 2012

With IBEX down 6%, 10Y yields over 7.30%, 10Y spread over 610bps, and EURJPY at 12 year lows; the hits just keep coming…

  • EWP: Egan-jones cuts Spain sovereign rating to CC+ from CCC+
  • Spain Won’t Grow Until 2014 as Eurozone Agrees Bank Bailout
  • *SPAIN BAD BANK MAY INCLUDE NON REAL-ESTATE DETERIORATED ASSETS
  • *SPAIN BAD BANK TO APPLY `REAL LONG-TERM’ ECONOMIC VALUATIONS
  • *SPAIN TO MAKE ROADMAP BY END-NOV FOR LISTING OF RESCUED LENDERS
  • *SPAIN’S LOAN-LOSS PROVISIONING FRAMEWORK TO BE REASSESSED (will we see the same in the US?)

via Bloomberg.


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