The Original Madeira Island News Blog
From the Telegraph on Wednesday:
“Yields on 10-year Spanish bonds punched back above the danger line of 6pc and spreads over German Bunds reached 450 basis points, intensifying pressure on Madrid as it continues to resist a sovereign bail-out.
The alliance of hard-line creditors said the European ............
Two months after the fires that ravaged and devastated parts of the Municipality of Santa Cruz, the town executive promoted a visit on Tuesday morning to four homes that are being targeted for reconstruction with the help of “solidarity, not the State”.
Although pleased with the donations ............
Leaked versions of the Draghi Plan revealed that the ECB president has proposed unleashing a bond buying effort that would be ‘unlimited’. The central bank would also relinquish its senior status among creditors, a measure seen as critical to encouraging private bond investors.
The plan would ............
