Hints and tips:
...Now read these Strawberry stand-off: Spanish “panic” over a German threat to boycott the country’s “drought strawberries”....
...Robert Habeck, German economy minister, has called for a “strong European response” that could include subsidies....
...He is now in Berlin waiting for German authorities to rule on his extradition....
...The first was an €18.6bn counter bid by Hochtief, the German arm of Spanish builder ACS, back in October....
...Germans sense a division between London and their own capital....
...Ignacio Méndez Terroso, head of strategy and research at Mirabaud Spain, points out that more than half Spanish exports are within the eurozone, so a strong euro has little effect....
...“We are deeply grateful to the workers, who are in a very difficult situation with unemployment at almost six million,” said Cándido Méndez, secretary-general of Spain’s UGT union, who called for a change...
...Cándido Méndez, secretary-general of the UGT union, challenged Mr Rajoy not to be “docile and subservient” to Angela Merkel, the German chancellor....
...Spanish bond yield have been under intense upward pressure in recent days, with the 10Y spread over German bunds briefly beaching 500 basis points yesterday, for the first time since the introduction of...
...It was in August that the Italian “risk premium” – the bond yield differential with benchmark German Bunds – first rose above that of Spain, implying that Italy was less creditworthy than Spain....
...“Important planning of details in the aftermath of the euro summit will now be delayed, and in the worst case put on ice,” said Michael Kemmer, managing director of BdB, the German banking association....
...Spanish bond yields spiked above 6 per cent in early August, the European Central Bank extended its bond-buying programme in the secondary market to include the two countries, prompting the ire of some German...
...Earlier this week, yields on Spanish and Italian 10-year bonds peaked above 6 per cent, with the Spanish spread over German Bunds – a sign of the greater perceived riskiness of Spain – topping 4 percentage...
...The yield spread for Italian bonds over benchmark German bunds – a measure of the perceived riskiness of a country’s sovereign debt – has exceeded that for Spain for most of the past month....
...Elena Salgado, Spanish finance minister, told the Financial Times on Wednesday that the fund was mistaken in looking only at potential losses without also taking account of holdings of German Bunds, which...
...I admire her lucidity, but wonder at times about her interaction with her German counterpart. Domestically, she often appears overshadowed by the presidential staff....
...Senior Spanish officials are privately furious with Angela Merkel, German chancellor, blaming her as much as the Irish banking crisis for the latest rush of selling suffered by eurozone sovereign borrowers...
...“We are a strong economy but it’s not the German or the French economy and therefore for us it’s very important to generate confidence in the markets,” says Ms Salgado....
...“We are a strong economy but it’s not the German economy or the French economy and therefore for us it’s very important to generate confidence in the markets,” Ms Salgado said in a Financial Times interview...
...A senior German official in Berlin said: “We want this put to a vote next week.”...
...A senior German official said: “We want this put to a vote next week.”...
...The spread between Spanish government bonds and benchmark German bunds have hit 96.5 basis points, up 10 points from Wednesday....
...finance minister Jyrki Katainen, Finnish finance minister Giulio Tremonti, Italian finance minister Christine Lagarde, French finance minister, Brian Lenihan, Irish finance minister Wolfgang Schäuble, German...
...That is why even the Germans know you have to help them.”...
...The premium demanded by investors to hold the country’s debt over German bunds rose to 1 percentage point....
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