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It's not the financial system or a banking issue.
Importantly, the report has nothing to say about the banking issue that preoccupies the public at present – bank bonuses.
Investors and analysts say the lack of progress in tackling the banking issue underscores the Spanish government's shortcomings in addressing its broader problem: crushing fiscal deficits arising from high unemployment and a persistent recession.
Mr. Strauss-Kahn said he recognized that the monetary fund would be largely a bystander in this crisis, given that the problems began in the United States and remain largely a domestic banking issue.
"I think the market is after a clear resolution on the banking issue because so far the approach to the restructuring and recapitalization of the cajas has been very hesitant," said Gilles Moec, co-head of European economic research at Deutsche Bank in London.
"I think the market is after a clear resolution on the banking issue, because so far the approach to the restructuring and recapitalization of the cajas has been very hesitant," said Gilles Moec, co-head of European economic research in London for Deutsche Bank.
Similar(44)
And then there are the banking issues.
Cyprus, with its own banking issues, would like to follow Spain's lead, and quickly.
I can't see anyone I trust to better analyze central banking issues than Ben Bernanke.
For over 30 years, he authored and published "The Golembe Reports," a commentary on banking issues.
As a result, banking issues this year will have an especially European hue.
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