Audit banks to affect market nerves

With the Greek general election dust settles, the focus of the market is still concentrated in the gradual deterioration of the situation in Spain. At present, the independent audit on the Spanish banking sector health status results concern the preliminary audit report is expected to be released on the 21st. According to Reuters, Spain, a spokesman for the sectors of the economy, a detailed audit report will be released on time on July 31.

Before, there have been reports that this audit report will be delayed until September, which contributed to the concerns of the outside world about the situation of Spanish banks. There are concerns that the audit results may show that Spanish banks may be needed over more than its application to the EU 100 billion euros in aid. This threatens to further increase the debt burden of Spain.

Spanish Prime Minister Mariano Rajoy, the first time this year to participate in the Group of Twenty (G20) summit. According to foreign media reports, the Los Cabos the G 20 summit, Rajoy failed to successfully persuade other EU leaders to allow Spain to apply for 100 billion euros aid outside the government debt. Rajoy said that the banking risk and sovereign debt risk associated with very dangerous. If the aid funds within the government debt would make Spain the level of debt increased by 15%.

Treasury auctions in Spain on the 19th worrisome. One-year treasury bonds to raise 2.4 billion euros of funds, Spain to pay 5% of the cost. This shows that the outside world for Spain's debt-servicing capacity of the further loss of confidence.

The speculation in the coming months, Spain may have to undergo a comprehensive rescue. Some analysts believe that the current market reaction, Spain to accept full relief will be difficult to avoid, unless the EU to change the current response to the crisis as soon as possible.


Other News:
French architect involving Bo Xilai case arrested in Cambodia
Spanish finance costs to rise or have to undergo a comprehensive rescue
U.S. warning imports of Chinese steel surge in the number of
Lubrication effectively extend the quality of the the KOYO tapered roller bearin
Rolling mill bearing lubrication methods
Rio Tinto to invest $ 4.2 billion expansion of the iron ore business
Fed distort the operation by $ 267 billion to the end of
INA as a whole eccentric bearing noise elimination methods