News Headline Summary

Dutch finance ministry says nationalization of SNS Reaal will cause public debt to rise by 1.6%...

Update details:

- The government this morning said that SNS Reaal is to be nationalized after talks with private investors failed.
- Costs for state of intervention seen at EUR 3.7bln.
- Private parties to contribute EUR 1bln.

Reaction details:

- NE/GE 10s bond yield spread is marginally wider this morning at +0.5bps, whereas other EU bond yield spreads are tighter (IT/GE 10s tighter by 4bps and SP/GE tighter by 2.2bps)

Print 07:46, 01 Feb 2013 - Economic commentary - Source: Newswires