Despite the efforts made toward the 100-billion-euro bailout of its banking system last month, Spain has not yet evaded a banking crisis at all.
And all this time, the euro zone paymasters in Germany are sick and tired of people asking for more money. They’re ready to dump their Greece project, and will try to drop the hammer on Spain as well — the heck with euro zone unity.
Current situation was well predicted by:
* I Know First system
IMO may be we will see some sunny days on the markets, but the future is in heavy rain clouds.
stock markets chasing its tails, Europe stocks went up b4 US employment rpt while US and Asian markets down due to ECB didn't delivery its promises..
Tooo many lame excuses to manipulate the equity markets worldwide...
Wonder when stock markets should be traded on its intrinsic values instead of a constant speculation by faked news..
European Central Bank President Mario Draghi“Believe me, it will be enough,” he is trying to pull off the same trick, and failing miserably. Either Draghi doesn’t know what he is talking about, or else he does, but can’t deliver. Perhaps he thinks that euro really will be OK just because he says it will be. Or else he is trying to come up with the big weapon that would batter the bond markets into submission, but each time he tries to push through the policies he gets over-ruled by the Germans and the other fiscal conservatives on the ECB’s governing council.
U.S. stocks extended losses into a fourth session Thursday after the European Central Bank failed to live up to its president's advance billing. "It's disappointing they are not coming up with any concrete steps," said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc.
The mixed performance in Asia followed a drop for U.S. stocks on Wednesday after the Federal Reserve failed to unleash any new measures to stimulate the economy, despite acknowledging conditions had deteriorated.
U.S. stock-index futures held gains Thursday after the European Central Bank left its key rate unchanged, as expected, and looked to comments from ECB President Mario Draghi.
Wall Street has spent the past three sessions largely treading water waiting to hear how Draghi follows up after the ECB head promised to do all that is needed to save the euro.
IMO Mr. Dragni is just buying time for EUR