Spreadex Market Update
Equities make steady gains
Deepening scrutiny into the quality of loans for Spanish banks are making many suspect that the banks are not fully recognising and being truthful in regards to the entire value of bad debts.
The only glimmer of hope at the moment are the opinion polls showing the pro-austerity parties are favourites to win the Greek re-election on the 17th June and also the government managing to find 3 billion euros to reignite the banks funding operations with the ECB.
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