"TAP não sobrevive se se mantiver pública", garante Pinto Luz

[Susana Amado_]

Haja bOAdISPOSIÇÃO!!!

Beijinhos,
Susana

[bEMdISPOSTO]

A senhoreca inclinou-se um pouco no assento e disse ao motorista:
MADAME - Ambrósio, apetecia-me algo...
AMBRÓSIO - Paramos para comprar dívida portuguesa?
MADAME - Não, Ambrósio... O que eu queria era algo mais... mais... Apetecia-me um "bail-out" em grande!
O motorista, sorrindo com ternura, sacou de um megafone que tinha pousado no assento dianteiro, colocou-o fora da janela e gritou: "MOCHE À ESPANHA!!!!"

[LTCM]

By Victor Mallet in Madrid
Published: May 4 2010 20:42 | Last updated: May 4 2010 20:42

Spain on Tuesday bore the brunt of the damaging contagion from the Greek sovereign debt crisis, with the Ibex 35 stock market index falling 5.4 per cent and José Luis Rodríguez Zapatero, the Socialist prime minister, obliged to deny rumours of an imminent international bail-out similar to the one for Greece.

Mr Zapatero dismissed as “complete insanity” rumours that Spain was next in line for a rescue package and was negotiating a €280bn ($364bn, £240bn) bail-out. The International Monetary Fund in Washington also denied the rumours.

Mr Zapatero recalled that Spain’s public debt as a proportion of gross domestic product, now at about 55 per cent, was 20 percentage points below the European average, and said annual interest payments were less burdensome than those of France or Germany.

He said it was “simply intolerable” that such rumours were damaging Spain’s interests and could increase the cost to the state of raising money through bond issues. “We can’t spend all day paying attention to speculation,” he said.

The IMF, while denying negotiations on a bail-out, confirmed that a mission of its staff would arrive in Spain in mid-May for a long-scheduled annual review of the economy.

In Spain, the mood was grim amid a growing realisation that financial markets are targeting Portugal and Spain as the next weak links in the eurozone after Greece because of their high budget deficits and relatively weak economies.

Economists say that although Spain’s accumulated public debt is manageable, its total external debt – public and private – is relatively high and makes the country and its banks dependent on increasingly reluctant outside creditors.

Smaller Spanish savings banks are finding it particularly hard to raise wholesale finance except through the European Central Bank, and on Tuesday the listed banks – the largest of which are Santander and BBVA – suffered share price falls of up to 7.6 per cent.

Fernando Ballabriga, economics professor at Esade business school, said Spain’s total gross external debt was about 170 per cent of GDP, while the net figure was 90 per cent.

Edward Hugh, an independent economist based in Barcelona, said: “The problem is that with Zapatero only denying that Spain has a public debt problem and not addressing the private debt issue, there’s a danger that confidence deteriorates even further.”

Executives in the financial services industry have said in the past week that Spanish investors have approached their fund managers and asked about the possibility of moving their investments into non-euro assets in places outside Spain such as Luxembourg and the US.

Mr Hugh said the possibility of accelerating capital flight was “a matter of concern”, but added: “I don’t think it’s a serious problem at the moment.”

[lafs00]

Será que vão inverter os papeis e seremos nós a comprar a Espanha.......

[Um curioso...]

Não se preocupem que a espanha não deve receber nada, mesmo que peça, pois nessa altura ninguem vai emprestar, pois ninguém tem!!!!!

Não brinques!!! A UE tem que fazer qq coisa para não transformar a ficção em realidade.
A eurolândia está a atravessar a maior crise desde a sua fundação!

[atomez]

Como é costume nestas coisas, ao terceiro desmentido a coisa pode ser dada como certa.

É bíblico.

[pedrom]

Não se preocupem que a espanha não deve receber nada, mesmo que peça, pois nessa altura ninguem vai emprestar, pois ninguém tem!!!!!

[Lion_Heart]

Spain forced to deny bailout rumours
Reuters
4 May 2010, 6:27pm
Spanish Prime Minister Jose Luis Rodriguez Zapatero was forced today to dismiss rumours that his country needed a bailout.


He said a market rumour that Spain would soon ask for €280bn in aid from the eurozone - nearly three times more than the Greece bailout - was 'complete madness'.
He also told a news conference in Brussels that such rumours could damage Spain's interests and that this would be 'intolerable' and Spain would fight them.

'I was told something about that rumour and the truth is I give it no credit, it is complete madness,' he told journalists. 'These rumours can increase differences and hurt the interests of our country, which is simply intolerable and of course we intend to fight it,' he said.

Spanish markets slumped on Tuesday on concerns of spreading contagion from Greece to other indebted euro zone countries. The IBEX stock index slumped 5.4% while Spain's biggest bank, Santander, tumbled 7%.

Spain's credit default swaps jumped 49 basis points to 212 basis points on Tuesday and the spread on its 10-year bonds over safer German Bunds rose to 116 basis points from 99 points.

Zapatero said Spain cannot be dictated to by markets. 'We cannot be watching what happens each day in the markets,' he said. 'I just stick to the facts. Spain has a public debt to GDP ratio 20 points lower than the European average.'

Spain's budget deficit shot up to 11.2% of GDP last year but its total debt burden, at around 55% of GDP, is considerably lower than most European countries. Greece has twice as much debt.

Zapatero's government has promised to cut the budget deficit to below the EU limit of 3% of GDP by 2013.

The prime minister said he had confidence in Spain's public accounts and it was strongly solvent. But his country had to restructure its financial sector as soon as possible, referring to the country's indebted regional savings banks.

Zapatero, whose country holds the rotating European Union presidency, said euro zone leaders will give their definitive support for emergency loans to Greece at a summit on Friday.


in http://www.thisismoney.co.uk

[Lion_Heart]

Vi na tv, que hoje corria nos mercados um rumor que a Espanha tinha pedido uma ajuda a UE no valor de 280 mil milhoes de euros.

Apesar de o governo Espanhol ter desmentido a bolsa levou um grande tombo.


A minha questão é esta: se Espanha se adianta a Portugal nós podemos ficar em grandes sarilhos.