Nowotny Pushes Spain to Call for Help

Politics ♦ Published: June 9, 2012; 13:34 ♦ (Vindobona)

The governor of Austria´s Central Bank Ewald Nowotny appeals on the Spanish government to call for help and fears that the situation could become even worse for Spain otherwise.

Nowotny Pushes Spain to Call for Help / Picture: © Vindobona.org

„The longer Spain waits, the more expensive it could become.“ Nowotny stated. At the moment, Spain analyzes the situation together with the IMF. Nowotny did not talk about concrete numbers. Today, it became official that Spanish banks would need at least € 40bn. In total, Spain´s capital requirment is expected to come at € 100bn. Nowotny considers that only a few countries have…

or Log In

Fast News Search
Related News
„Bank Union is Still Far Away“ (June 6, 2012)
Keuschnigg: „Raising ESM for Italy and Spain“ (June 4, 2012)
Government Battles for OeNB´s Reorder (June 2, 2012)
Nowotny: „Keeping Greece in Eurozone Has Highest Priority“ (May 29, 2012)
Greek Exit: € 5.0bn Costs for Austria „In the Best Case“ (May 19, 2012)
Read More
Spain, Eurozone, Banking Industry, Ewald Nowotny, OeNB Austrian National Bank, ECB European Central Bank
Featured
See latest Vindobona Newsletter