{"id":546518,"date":"2010-04-28T14:27:35","date_gmt":"2010-04-28T18:27:35","guid":{"rendered":"http:\/\/www.businessinsider.com\/spain-banks-exposure-2010-4"},"modified":"2010-04-28T14:27:35","modified_gmt":"2010-04-28T18:27:35","slug":"yes-spain-is-a-huge-domino","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/546518","title":{"rendered":"Yes, Spain Is A HUGE Domino"},"content":{"rendered":"<p>Spain was downgraded today, and now concerns over a minor Greek crisis are growing into the threat of a massive Spanish meltdown.<\/p>\n<p>Spain would not be a minor blip on the world&#8217;s economic radar. Spanish banks have received a tremendous amount of financing from the European Central Bank (ECB).<\/p>\n<p><a href=\"http:\/\/economicresources.blogspot.com\/\">From EconomicResources:<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bd87b997f8b9afa25ce0000\/ecb-funding-spain.jpg\" border=\"0\" alt=\"ECB Funding Spain\" \/><\/p>\n<p>And Spanish banks also rely on interbank credit dwarfs Ireland and the rest of Europe, exposing those counterparties to banking sector risk.<\/p>\n<p><a href=\"http:\/\/economicresources.blogspot.com\/\">From EconomicResources:<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bd87ac37f8b9a535ade0800\/credit-interbank-spain.jpg\" border=\"0\" alt=\"Credit Interbank Spain\" \/><\/p>\n<p>Combining this likely banking sector exposure with sovereign debt exposure, it looks likely France and Germany will face significant problems if the Spanish crisis progresses.<\/p>\n<p><a href=\"http:\/\/economicresources.blogspot.com\/2010\/02\/europes-bank-exposure.html\">From EconomicResources:<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bd87d057f8b9a275b600500\/exposure-spain.jpg\" border=\"0\" alt=\"Exposure Spain\" \/><\/p>\n<h2><a href=\"http:\/\/www.businessinsider.com\/spain-debt-crisis-2010-4#-1\">See Just How Desperate Spain Is To Rollover Its Debt In Their Presentation To Foreign Investors &gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/spain-banks-exposure-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/Yx1rhHoZ18U\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spain was downgraded today, and now concerns over a minor Greek crisis are growing into the threat of a massive Spanish meltdown. Spain would not be a minor blip on the world&#8217;s economic radar. Spanish banks have received a tremendous amount of financing from the European Central Bank (ECB). From EconomicResources: And Spanish banks also [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-546518","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=546518"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546518\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=546518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=546518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=546518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}