Spain's Bankia will be sold with 45% OFF
The "European Debt Debacle," as Bloomberg TV headlined its reports on the latest EU mess this morning, still continues apace!
UPDATE 1615 GMT: Reuters are now reporting the Prospectus issue has been delayed to next week, but contrary to my report of last evening, that the discount against book value would be 40% - 50%, and that reported above at 55% the range is expected to be between 35% and 55%. Time will tell, or perhaps the whole thing may well be called off - what will that tell us about the state of Spain's Cajas and therefore the Euro?
Labels: Now Spain