"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 1 hour Spending Bill Could Cause U.S. Debt To Soar To 99% Of GDP
  • 3 hours Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 4 hours China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 20 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 21 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 22 hours Google Invests $300 Million To Combat Fake News
  • 23 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 24 hours Tesla Tumbles As Investors Lose Patience
  • 1 day Are Alt-Coins On The Verge Of A Break Out?
  • 1 day What Should Gold Investors Expect From The New Fed Chair?
  • 1 day Who Will Pay For Trump's $60 Billion China Tariffs?
  • 2 days Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
  • 2 days Trump's Trade War Nears Boiling Point
  • 2 days Will April Be A Turning Point For Precious Metals?
  • 2 days Economic Pressures Weigh On Banks And Borrowers
  • 2 days U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 3 days Gold: The Religion Of Currency
Is Barrick Gold Close To Finding A Bottom?

Is Barrick Gold Close To Finding A Bottom?

Barrick gold has been a…

The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

More Info

Consider What Game Spain May Be Playing

That Spain will request - likely in weeks and not months - financial aid from its eurozone partners seems a certainty. Why Spain is playing a 'wait and see' game is an interesting question.

My current thoughts are that Spain is waiting on - very likely among other things:

  • the audit reports on its banks scheduled (so far) for release this month, and that the Spanish Government must by now have received at least interim reports from those completing said audits;

  • finalization of what it may hope to be precedent setting negotiations with Greece in respect of the Greek financial bailout; or,

  • further developments in Italy; and,

  • knowledge of the maturation of Germany's thinking and position(s) in all of this.

Postponement of dealing with Eurozone and Eurozone country specific problems is, from everything I have read and heard to date, doing nothing but exacerbating what almost certainly is becoming an ever more difficult and 'hard to solve' problem.

Topical Reference: Spain urged to clarify aid needs at euro zone meeting, from CNBC from Reuters, September 14, 2012 - reading time 3 minutes.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter