The instability of the Spanish banking sector makes falling stocks in Asia

The growing instability of Spanish banks and the constant uncertainty in Greece produced a drop in shares in Asian markets.

The Tokyo Stock Exchange, for example, closed almost 3% below the level of the previous day. The Nikkei 225 index fell exactly 2.93%. Hong Kong lived a similar day. The Hang Seng had a fall of 2.29%.

The Agency Moody's risk assessment downgraded the rating of 16 Spanish banks, amid concerns over the deterioration of the country's financial problems.

Institutions affected by the reduction of one to three points include including CaixaBank, Banesto, Banco Santander and BBVA, as well as of the subsidiary of Banco Santander in United Kingdom.

The Agency explained that the Spanish banking sector is facing a wave of low-quality loans, with an economy in recession, a real estate market depressed and high level of unemployment.

Moody's also said to have taken into consideration the risky exposure of the banking sector Spanish to the rest of the so-called eurozone debt crisis.

The rating of the Spanish banking sector is now below the greater part of the financial system of Western Europe.

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Peliculas Online

European markets opened down in the middle of the instability of the eurozone

European markets recorded falling at the opening of the session of the last day of a week marked by chaos and uncertainty about the euro.

The value of the shares in London, Paris and Frankfurt opened with losses. The actions of the main selective, the Ibex 35, fell 2% in Madrid.

The falls come after knew the news that the rating agency Moody's lowering you the rating to 16 Spanish banks.

On Thursday, the fourth largest bank in Spain, Bankia, stocks fell sharply once was published that customers had begun to withdraw their savings.

Correspondents say that there are fears that the exposure of Spanish banks to the collapsed real estate market is so large that the Government in Madrid would not be able to rescue them.

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Peliculas Online