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One Response to “Financial News Mon Jun 11th 2012 – Spain’s Bailout, Putin raids Opposition, Nadal vs. Djokovic”

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   11. Jun, 2012

   As expected and hoped, the decision has been made this weekend, and Spain’s banks are being bailed out, but under what conditions? The International Monetary Fund, the European Commission and the European Central Bank will be monitoring the financial assistance package, and while Spain claims the bailout came without major strings attached, something tells me that, that would be too good to be true. The markets took a sigh of relief but the general consensus seems to be, that the crisis has been contained, short term only, and that there’s still a lot work to be done to secure the euro zone on a long term basis. Spain is the fourth and the biggest country in the eurozone, to seek help in resolving its banking crisis, since the beginning of the debt crisis. Now all eyes are slowly shifting towards Italy.
   Looks like Russian old new president is losing patience with his opposition, raiding their leaders homes, to disrupt the demonstrations that were planned this week. Crush the opposition before it can emerge and do too much damage, seems to be Mr. Putin’s new motto. Several leaders were also brought in for questioning, seemingly in the quite obvious attempt to hold them back from attending the rallies they organized. Russian officials apparently also seized computers and disk drives of famous opposition leader Alexei Navalny. Looks like the situation is definitely heating up, with Putin relying more and more on oppression rather than introduction of political reforms, to quiet his opposition, but is seems the Russian people are waking up and are not ready to back down.
   Nadal breaks Bjorn Borg’s long standing record, winning his 7th French Open Title! It was a tough and nerve wrecking match as rain delays, kept breaking the flow of the game. The fight was on for two days with both players, having major mile stones to reach. Had Djokovic won, he would have been the first player, since Laver, to win his fourth consecutive grand slam in a row. However, Djokovic is still Nr.1 on the men’s ranking list and Nadal still has a lot more Grand slams to win, to move closer to Roger Federer’s achievements. In women’s tennis, Sharapova made an epic comeback, after fighting a mean shoulder injury for years, she is finally back at her best, taking the French Open Title putting her back where she belongs on the rankings, and we can’t wait to see her at Wimbledon and the US Open.