VIDEO: Spain rejects bailout speculation

10-Year Spanish Government Bond Yield Official Denials in Spain Escalate

One might think the the newly elected Prime Minister of Greece would have enough common sense to not appoint a finance minister with a history of medical problems. One might also think a person with known medical problems would turn down the position if offered because of the obvious stress. However, one would be wrong on bout counts. Reuters reports Greek finance minister resigns, crisis deepens

As any clear-thinking person should have expected, Schäuble rejects ECB help for Spain

Official Denials From Finance Minister Finance Minister Says "Nothing to Hide" Asks for ECB Audit of Banks, Denies Need for Rescue Fund

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Spain just can’t catch a break—a horrid economy with dizzying unemployment, collapsing banks, a prime minister and ruling party tarred by corruption.... Now a political espionage scandal blew up, scattering debris and money laundering allegations far and wide.

Europeans are bracing themselves for a severe case of post-holiday blues.   As the warm summer months draw to an end, the region’s sovereign debt crisis appears to be coming to a head.   Greek Prime Minister Antonis Samaras has initiated a charm offensive in an attempt to convince European leaders to give the debt-stricken country more time to carry out reforms, though Germany and France have already sent a strong signal that there will be no leeway for Greece.