Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: shoobeedoobee One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3  
Subject: Spain's economic troubles Date: 4/7/2009 10:47 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Apparently the recent global economic crisis is taking a particularly hard swipe at Spain. So much so in fact, CNN has just reported that the Spanish Prime minister has reshuffled his cabinet in response to the country's economic woes:

http://edition.cnn.com/2009/WORLD/europe/04/07/spain.politic...

Furthermore, it seems this Spanish malaise was predicted by economist and columnist Paul Krugman on his blog here:

http://krugman.blogs.nytimes.com/2009/03/14/spanish-doldrums...

and here:

http://krugman.blogs.nytimes.com/2009/01/19/the-pain-in-spai...

This leads me to wonder just how bad things actually are in Spain, and what impact this may have on the long term prospects for BBV, the second largest bank in that country. Well, this bank is not just limited to Spain. It also has extensive operations throughout Latin America, and has recently expanded into the US and Asia:

http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria...

Still, it looks like just under half of the bank's branches are in Spain (3375 out of 7787 branches):

http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_C72...

So, at a time when II has put all bank stocks on the hold list, do we need to worry more about BBV than any of the others?

Hell if I know.

Shoobeedoobee
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Ubiquiti Analysis
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement