European Market Insight: Game of Chicken Leads to Spanish Bailout in the End

Last week was volatile, frantic, and nerve-racking for traders and investors alike. So called “tape-bombs”—a term used by traders to describe market moving news items—hit right and left.
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European Market Insight: Game of Chicken Leads to Spanish Bailout in the End
A man walks near the Kio Towers, headquarters of Spanish banking giant Bankia in Plaza de Castilla on June 9 in Madrid, Spain. (Pablo Blazquez Dominguez/Getty Images)
Valentin Schmid
6/11/2012
Updated:
10/1/2015
<a><img class="size-medium wp-image-1786344" title="A man walks near the Kio Towers, headquarters of Spanish banking giant Bankia in Plaza de Castilla" src="https://www.theepochtimes.com/assets/uploads/2015/09/146028834.jpg" alt="A man walks near the Kio Towers, headquarters of Spanish banking giant Bankia in Plaza de Castilla" width="350" height="233"/></a>
A man walks near the Kio Towers, headquarters of Spanish banking giant Bankia in Plaza de Castilla

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Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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