THE CAPITALIZATION OF THE BANK SECTOR AND THE EUROPEAN UNION RESCUE PACKAGE FOR SPAIN HAVE BEEN GENERALLY REFERRED TO AS ATTRIBUTES OF THE POSITIVE GLOBAL FINANCIAL MARKPERFORETS MANCE.

THE CAPITALIZATION OF THE BANK SECTOR AND THE EUROPEAN UNION RESCUE PACKAGE FOR SPAIN HAVE BEEN GENERALLY REFERRED TO AS ATTRIBUTES OF THE POSITIVE GLOBAL FINANCIAL MARKETS PERFORMANCE.


         The global positive markets performance that ranged on a single digit points, or rather the gains from the previous negative points, or loses, particularly in the USA, the European Union and the Asian financial markets rated at over one to three points increase may have been attributed to the capitalization of the Spanish banking sector on the government's application for the required European Union financial rescue package and the allocation of a hundred billion euros financial rescue package by the European Union to eleviate, or eliminate the current financial crisis , due to the collapse of financial bank sector in Spain. However, some finance and global markets experts have regarded the Spanish government decision for the European Union rescue package as the required decision towards the solution of the current financial crisis in Spain that may further require monitoring, rather than the claim for the capitalization of the Spanish banking sector, due to the fact that the Spain world cup football champion club can easily make a hundred billion euros from Europe and around the world in a short period of time.


                                                  Written by Professor Godfrey Ohia.