Bankia to ask for over $19 billion (USD) in bail out money Friday ...

Bankia to ask for over $19 billion (USD) in bail out money Friday ...

Fri May 25, 2012 9:36am BST
MADRID (Reuters) - Spanish lender Bankia will ask the state for more than 15 billion euros (US$19 billion) to bail it out when its new management team presents a restructuring plan on Friday.

Bankia, the country's fourth-largest bank has 10 percent of Spaniards' deposits.


http://uk.reuters.com/article/2012/05/25/uk-bankia-bailout-idUKBRE84N1JM20120525 

Right, so the spin du jour is that the market is lifted by "stabilizing consumer-confidence data from Germany" -- and an absurd head saying "European stocks inspired by German data"

How come no mention of data like this?--
Flash Germany Composite Output Index at 49.6 (50.5 in April), 6-month low.
Flash Germany Manufacturing PMI at 45.0 (46.2 in April), 35-month low.
Flash Germany Manufacturing Output Index at 44.6 (47.3 in April), 35-month low.
...and if you think that's bad, see French data.