Spain plans to inject as much as 1 billion euros ($1.35 billion) of capital into Banco de Valencia SA, the latest of seven lenders to be either seized or taken over by the central bank. A state rescue fund, known as FROB, will administer the Valencia, Spain-based lender and provide it with a 2 billion- euro credit line, the Bank of Spain said today in a statement. The central bank removed the administrators of Banco Continue reading Spain Seizes Banco de Valencia, to Inject 1 Billion Euros – Businessweek
A landslide victory by Mariano Rajoy’s People’s party (PP) in Sunday’s general election did nothing to stop Spain’s debt problems worsening on Monday as the prime minister elect remained powerless to calm the markets. Spaniards were proud of having avoided an Italian-style government of unelected technocrats after they gave conservative Rajoy the go-ahead to introduce reform and impose further austerity. http://m.guardian.co.uk/world/2011/nov/21/mariano-rajoy-spain-debt-crisis?cat=world&type=article Posted from WordPress for Android – mobile blogging!
Con un aspecto serio, solo, ha comparecido sin nadie aunque ha recibido los gestos de cariño de algunos militantes socialistas, Rubalcaba ha felicitado al PP por haber ganado “ampliamente” las elecciones. El candidato ha llevado al partido al peor resultado de la democracia, con 110 escaños. http://www.elmundo.es/movil/elmundo/2011/11/20/espana/1321816693.html Posted from WordPress for Android – mobile blogging!
Spain’s ruling Socialist Party has suffered a crushing defeat at the polls, as the country became the latest Eurozone member to oust its government. The centre-right People’s Party (PP), led by Mariano Rajoy, surged to an absolute majority of 186 seats out of 350 in the Spanish congress. http://news.sky.com/home/world-news/article/16114231 Posted from WordPress for Android – mobile blogging!