Market Overview

Treasury Secretary Geithner Welcomes Eurozone, Spain Action on Banks

Share:
Related EWP
Maybe Some Relief For The Spain ETF
Politics Prove Problematic For The Spain ETF
World Markets Back To Neutral (Seeking Alpha)
Related VGK
Here's How Traders Positioned For Yellen's Jackson Hole Speech
Banks Still Weighing On Europe ETFs
International Economic Week In Review: A Slow News Week (Seeking Alpha)

US Treasury Secretary Timothy Geithner commented on Saturday's action by the Eurozone and Spain: "We welcome Spain's action to recapitalize its banking system and the commitment by its European partners to provide support. These are important for the health of Spain's economy and as concrete steps on the path to financial union, which is vital to the resilience of the euro area."

Spain's Economy Minister Luis de Guindos said Spain would make a formal request for assistance. That request will reportedly come before the June 21 Eurogroup meeting.

Posted-In: News Sector ETFs Movers & Shakers Global Economics ETFs General

 

Related Articles (EWP + SPY)

View Comments and Join the Discussion!