Spain dominates market sentiment again, as investors expect the European markets to open lower in trade today. News that upto 6 Spanish regional governments have requested for financial aid from the central government to meet its debt obligations.
The regional governments of Catalonia, Castilla-La Mancha, Baleares, Murcia, Canary Islands and even Andalusia could ask for aid to meet its repayments.
The gloom did not end there with Greek PM announcing that its country was facing its version of the Great Depression which affected the U.S in the 1930’s. The debt-laden country aims to attain some leniency on the conditions of the bailout package which the country would take from the IMF and EU. (CNBC)
Categories: General News