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Greece supports the tightening of the political party won the election, failed to alleviate people’s concerns about the future of the euro area. Investors to promote the Spanish benchmark borrowing costs hit a new high of the euro era, which increased the pressure on policy makers.

Initially when the austerity conditions of Greek support for the euro zone rescue package the two mainstream political parties – New Democratic Party (New of Democracy) and the Panhellenic Socialist Movement Party (Pasok) – won enough seats to form the parliamentary majority news came, the market higher. Spain bad bank non-performing loans data highlights the plight of the country, rapidly break up the optimism.

Bank of Spain data show that the Bank of Spain’s non-performing loans to total loan balance ratio rose to 8.7 percent in April, the highest level in nearly two decades.クリスチャンルブタン Very Prive 120mm サテン ブルー プラットフォーム

The euro zone has promised to come up with 100 billion euros to help the Spanish banks to recapitalize, but investors are worried that this will only increase the debt burden in Spain, which eventually led to the full sovereignty of the storm. Spanish 10-year bond yields (and contrary to the price movements) yesterday rose to a high of 7.28 percent, while the euro sharply lower against other major currencies. Italy’s 10-year bond yields again rose to 6% above the gateway.

Served as hedge fund managers of the Bank of England (the Bank of England), a member of the Monetary Policy Committee Sushil Wade Varney, Sushil Wadhwani, said: “The Greek elections only delayed the fundamental problem to consider. Market tired of this kind is fight for a little time but does not solve the fundamental problem the trick. ”

The occasion of the opening of the summit in Mexico in the Group of 20 (G20), the European Commission (European Commission) President Jose Manuel Barroso pointed out that the terms of the Spanish banks relief remains to be consultation (José Manuel Barroso). The Barroso recognize concerns about the banking crisis and financial crisis increasingly intertwined. He said: “We have been as much as possible to support any form of infection to avoid financial debt and sovereign debt.”グッチジップアラウンド財布

Although the EU Commission and many euro area countries support the use of European stability mechanism (ESM) to inject equity directly to the troubled euro-zone banks, but Germany remains opposed to this practice, and Germany in the ESM Council with veto power.

Investors began to invest in will be the focus of attention of the EU summit scheduled to be held at the end of this month, many people hope that policy makers will promote the banking industry to create some form of alliance to prevent the disintegration of the euro area. People will want to focus on the proposal about creating a common European bank regulators and relief fund. Common relief fund for the banks because of the scale is too large or too weak strength, and relief can not by governments to provide support.