The Undollar Digest

Madrid Leans on Its Troubled Banks to Buy Its Bonds

Landon Thomas, Jr. 06/08/2012 www.nytimes.com

While the Spanish government was able to sell all the bonds it wanted to on Thursday, it mostly sold to the usual buyers: Spain’s increasingly fragile banks.
And so, as Madrid tries to come up with the money to bail out its banks, its main lenders are increasingly becoming many of those same institutions. If it [...]


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