FT Alphaville's Izabella Kaminska yesterday caused one of those Gibraltar-esque flaps which seem to arise whenever English-language commentators say anything about Spain that is not directly related to tourism or, alternately, cannot profitably be used by one local political faction against another. The matter in this case was her mocking of Development Minister Pepe Blanco's boilerplate claim that it was speculators, in cahoots with the Brit press, who were causing such uncertainty regarding Spain's financial future.Be Pepiño's predictable blather as it may, we'd like to point out the bit that Ms. Kaminska gratuitously tacked on to the end of a piece, only 77 minutes earlier, on Spain's plan to reduce net debt issuance in 2010:
On a sidenote, earlier rumours suggesting Deutsche Bank and UniCredit Group had stopped accepting Greek bonds as collateral and were refusing to lend in the repo market for Greek banks are yet to be confirmed.
The speculation arose in a story published on www.bankingnews.gr, a publication FT Alphaville has not come across and hence cannot vouch for.
Requests made today in the comments section that she maybe clarify that one were met with what can only be described as 'defensiveness'.
It'll take more than a well-placed rumour to unhook the euro from gold.
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2 Comments:
http://blogs.expansion.com/blogs/web/Quilombo.html?opcion=1&codPost=56207
In his effort to swamp the blogosphere with his copy-and-paste views and horrible charts (horrible aesthetically, I mean) your mate Mr Hugh just managed to get his a new blog in Expansión. My regard for that publication declines accordingly.
Not sure whether to apologise for the off-topic. Maybe it's not an off-topic and Mr Hugh is also behind the dodgy greek banking blog!
Blimey!
Were it a just world, there would be time to organize against the proliferation of this shit.
Thanks (I guess).
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