KKTV - Economy - Headlines

Investors See Spain Rescue As Only 'Temporary Fix'

By: AP
Posted: Mon 9:56 AM, Jun 11, 2012

NEW YORK (AP) -- Stocks on Wall Street are falling as investors appear skeptical that a deal to lend money to Spanish banks will do much to resolve the debt crisis in Europe.

The Dow Jones industrial average is down 26 points at 12,528. The Standard & Poor's 500 index is down two at 1,324. The Nasdaq composite is down five points at 2,854.

European countries have committed $125 billion to save ailing Spanish banks that are dealing with big losses from a real estate bust. Though the deal helps Spanish banks, one market trader says it's a "temporary fix."

Investors are nervously awaiting an election this weekend in Greece that will help determine whether that country is forced out of the 17-member club of countries that use the euro currency.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus

Live Traffic Conditions


Follow Me on Pinterest

KKTV Latest Blogs

Resolution FAQ - (Stacia Naquin)

Updated: 05/14/2013 - I'm still focused on meeting my goal of doing a pull-up. And I'm almost there! But I'm always getting this question:

FIT LIFE: You're Never Too Old - (Stacia Naquin)

Updated: 04/09/2013 - Admittedly, there are days that I just don’t feel like working out. But then I met Viola. And if she can make working out a priority at 99, then none of us have any excuses! Here's how she's living a FIT LIFE:

More KKTV Latest Blogs

KKTV 3100 North Nevada Colorado Springs, CO 80907 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 158440255