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By Marlene Y. Satter, AdvisorOne |
October 23, 2012
Five regions in Spain were hit by ratings downgrades by Moody’s, sending yields higher and prices lower on Spanish bonds at a Tuesday sale. The Spanish economy also showed further contraction.
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By Marlene Y. Satter, AdvisorOne |
July 12, 2012
The eurozone is trying to combine rewards with punishments as it seeks to thwart a stubborn debt crisis that has embroiled the region for the past few years.
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By Marlene Y. Satter, AdvisorOne |
May 30, 2012
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
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By Marlene Y. Satter, AdvisorOne |
May 18, 2012
Moody’s cut the ratings of 16 Spanish banks, taking Banco Santander and Banco Bilbao Vizcaya Argentaria down three notches each. Fitch, meanwhile, dropped Greece into its lowest level in junk territory.
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By Marlene Y. Satter, AdvisorOne |
April 30, 2012
Although the numbers showed that Spain entered a recession in the first quarter, its economy shrank less than expected and that seemed to be enough cause for investors to celebrate.