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Spain to Stress Test Its Banks Again

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  • Description

    FBN’s Ashley Webster on efforts to bail out Spanish banks.

  • Duration 1:59
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Have been developments in Spain right now -- country announced it will reveal the size of its bank bailout request by July ninth and it will stress -- -- banks again.

-- -- -- Webster saying buy in Madrid forest with the latest on things of it actually.

Yeah hi -- you know lots our European leaders in particular the Spanish prime minister and Italian prime minister Mario -- take calling the next six days probably the most important yet in the history.

All of the eurozone we've kind of hope that before but everything's pointing to the summit in Brussels.

At the end of next week -- some serious reforms of being pushed in order to.

Protect the weaker economies of the EU.

Ironically though this week the ibex the S stock exchange here Madrid is actually had a pretty strong week despite the -- turmoil in Spain's banking system that is up the ten year yield as we know on Spanish notes is being dangerously.

Above 7% -- -- slated to full as the week has come -- it's a little bit of glimmer of good hope advance.

Meanwhile it is well coming up to Tony -- 9 in the evening in Madrid is pretty quiet behind me.

But of people watching a big -- soccer game tonight -- the quarterfinals of the European football championships.

And ironically it's Greece -- -- Germany tonight.

The so called battle of the bailout there was a joke here that Germany could not Greece out of the Euro twice.

Out of the eurozone and an out of the Euro up football championships right now at 00.

Greece my father bigger underdogs Germany perhaps could go on all the way to win the game but we understand it to Angela Merkel was flown from Rome all the way up to Poland where the game is being played.

To watch the -- -- would following that very interest rate increase winds will be a huge upset and we'll give that country a much needed lift -- back to you.

Actually limited the same thing here in New York all the European soccer fans have been have been flooding all of area bars in New York City saying thank you -- yell -- -- -- and it's been fun -- actually Webster.

I'd almost nights of their Madrid Spain -- actually.

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