Phi Wire Hand Picked Politics - Live

  • https://twitter.com/LordAshcroft/status/525976961479626752

  • Sebastian McCarthy | Sebastian McCarthy: the pain of telling my fellow students that I am a Conservat...

    • source icon
    • 12:00
  • Fraser Nelson | Gordon Brown and Anas Sarwar in the running as new leader of Scottish Labour

    • source icon
    • 11:46
  • Jon Lansman | As Lamont resigns, only the independent voice of Scottish Labour can win

    • source icon
    • 11:45
  • Alex Massie | Alas, poor Johann Lamont: a symptom, not the cause, of Labour’s decline in Scotl...

    • source icon
    • 11:31
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Story Tracker

Select Story:

Bankia asks for bailout

Bankia asks for bailout
The Spanish bank Bankia has requested €19bn (£15bn) of financial support from the Spanish government. The figure represents the largest bailout in the country's history.

The request was formally approved by the bank's board of directors at a meeting this evening.

Trading in Bankia shares was suspended earlier today in anticipation of the decision, while Bankia's rating was cut from BB+ to BBB- by credit ratings agency Standard & Poor's.

S&P also cut the rating of Bankia's parent company Banco Financiero y de Ahorros, along with four other Spanish banks including Bankinter and Banco Popular Espanol. The agency cited the weakening Spanish economy as its rationale for the decision.

Green Box: Bankia asks for bailoutClick to open

+ Expand all - Collapse all

Recommended External Links

Full access for £22 a month...

PoliticsHome PRO Find out more