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Breakingviews: Spain must help itself

Thursday, April 05, 2012 - 04:07

April 5 - Higher Spanish bond yields are pushing the euro zone back into crisis mode. As a full bailout would be impossible, Spain must rescue itself say Breakingviews.

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Today's topics -- brought his breaking news we look at so what do Spanish -- could look like. And Rothschild budget secures the family's grip on the bank. I -- these pits -- Lawson even Peta. That's stall with Spain. Yields of course Iraq never once will he ran on an unraveling. Hey when we look at Spain we have to Portugal. We have of the unrest in in Athens again. Are things unraveling -- -- -- Elevated the adrenaline fix is wearing all this economy LT occupants that -- you Stan. And we always knew it was going to be short -- didn't think we realized it was going to be quite a bit short. It and in space program and inspect the company's analyst at Bristol. But that there was to have its artificial priest from the banks -- combined with that the government bonds. The big increase in bank buying comparable. -- and at the same time of course the government's money kind of been backing away from some of its apparent commitment on the austerity front. Which is speak to investors so. I'd and the problem is course fear attendance which we've not over long but once again reminded his walk in the arisen due yes. Sosa is about that's the context of what what what are what are you saying these redone I mean I know he's a self help as the counts. IE get to graders who -- deficit. So when you put push the austerity. Let's face -- report is in a position to do that. Yes and that's the that's the big difference the big difference between say Spain now and it's in the last year on the Berlusconi is that you have a new government. And the mandate they can actually get decent thing. But I think. -- to the point we're trying to make really is that is that people talk about bailouts to talk about helping the banks the banks to go to programs now. They -- that property problem from the boom yet they never addressed in the should've addressed them. But they now from which is -- -- and and at a Spanish government debt as well. So it. You could imagine some kind of targeted. Program from the the European bailout fund. To recapitalize the banks and help the rights of their property exploration. But I when necessary so the fact they go -- this government debt and anyway so that problem really is fine if -- can -- -- -- an. Think -- in combat on -- bank. So this thing is gonna have to get scripts that itself it's all right. What will will wait -- -- -- who have access to act on its face so we come back from east. I guess that's when the markets are released ought to telling us something that's what's what -- Rothschild. Encrypted I'm emerge in the French British subsidiaries it was a surprise to. It's been a little bit it's it's it's a bit of an internal reorganization him in the big reunification. Of the houses of Rothschild -- that London and Paris from just happened a couple of years ago so this is a bit of its hiding up exercise what's interesting is that that. Damaging everything into this listed. And T in Paris quote I generally don't yes to which some might say well was this the Rothschild the investment banker in public and does this mean in the united family might be using its -- Well actually it's quite the opposite to families have been an even this will be listed entity and will retain a listing may think. The family will have a sort of controlling pockets of partnership structure which families the component Obama. And I'm so. And even -- David de Rothschild who is chairman of Rothschild and his and his getting on a bit. He may not be replaced by another Ross chose the two people below him and these -- members of the Rothschild family. What's very clear is the family will retain the ownership of this bank. And an America that's happy it. As a hasn't exactly okay these are many things of that stuff that's it's us and for more agenda setting inside what's our US bring the show every day twelve birdies -- 1630 GMT. -- -- -- -- --

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Breakingviews: Spain must help itself

Thursday, April 05, 2012 - 04:07