In Spain, Grupo A.C.S.’s High Debt Reflects Country’s Finances

By Michael Ross Seeley:A very astute comment was made on a previously published article Grupo Prisa – An Introduction to a Special Situation wherein it was noted that the business fundamentals would be largely irrelevant absent the successful refinancing of Grupo Prisa SA’s (PRIS) (“PRISA” or “the Comp

Madrid Threatens Intervention as Regional Debt Worries Mount The Financial Times reports Madrid threatens to intervene in regions Madrid has threatened to seize budgetary control of wayward Spanish regions as early as May if they flout deficit limits, officials said – as investors took fright at the fragility of some eurozone economies.

Every day I get emails and links from all over the world. I wish I had time to comment on all of them. Here are a pair of stories regarding Canada and Australia. The Financial Post reports Six Canadian banks on review for Moody’s downgrade

EZRA KLEIN echoes a line of thinking that's increasingly common:

By Emerging Money: By Sean Geary This past week may turn out to be a defining one for Grupo Televisa (TV). A presidential victory for an alleged ally of the firm and an audacious expansion plan into English-speaking American homes could be seminal for the Mexican television company.

Grupo Financiero Galicia S.A. (GGAL) Q1 2012 Earnings Call May 11, 2012 11:00 am ET Executives Pablo Firvida – Head-Investor Relations Analysts Nicolas Chialva – Itaú BBA Federico Rey Marino – Raymond James Presentation Operator

Bond action in the Eurozone has modestly picked up (yields steady or falling) since the ECB's 3-Year LTRO program - Long Term Refinance Operation. However, European banks still do not trust each other, not even for overnight lending. Instead, banks park all available funds with the ECB, as noted by the Wall Street Journal in Deposits at ECB Hit Record High.

Grupo Financiero Galicia (GGAL) Q3 2011 Earnings Call November 10, 2011 11:00 AM ET Executives Pablo Firvida – Head, IR Analysts Daniel Abud – Citi Federico Rey – Raymond James Nicolas Chialva – Itaú BBA Walter Chiarvesio – Santander Bank Operator