June 15 - Reuters asks can the money pumped into Spain’s banks keep the country from seeking a full-blown sovereign bailout?
I am very confident that this Spain. Will need to recapitalize their banks that the bond that the kind of have these copy that increase through their market these settlements. And often about day from the amend those of this funny spot except vote. Are much victims on anyone's of all the counties that had no brought -- a -- Governments have been falling left right and census. I. I think for now it's gonna be -- is good news markets will -- C -- his degree of positives he authored by thinking in terms of the government nothing is still a long ways to go and -- battles to be useful. You the bailout this prospective accompanied by. I growth oriented then measures like -- structural plastics that could just think it's good tabloid have been. Also sold. The bailout is not successful let's say the banks. Are further eroded -- of their -- recapitalization is further eroded. By some external or exhaustion -- factors that have nothing to do with Spain but we have to do with the overall risk appetite. -- to which. Spain government would have to come in and guilt lies to probably a borrow money. More money and issue more bonds. The immediate pressure on the Spanish government was there to try and shore up its in its banking sector but I shot don't think it is -- hasn't really. Changed the fundamental factual this time they still have this enormous government that which I think is a much bigger problem. And at the moment we're seeing such an intertwining off of the sovereign debt on the banking dash off -- -- individual countries that it will be very difficult to separate the two. I'm -- -- -- domestic banks buying up sovereign debt in order to keep on videos on a lower price than I would expect that there would be no way not particular point. For speed in the the level of unemployment the level of -- really states and impairments. A let's say you know has pushed for Spina I think -- Indicates that we needs treatment for the country as a whole -- and just the banking statement.