Day: June 27, 2012

Bankia is worth -13.65 billion euros (yup, that’s minus) and goes bust

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The directors of Bankia have signed off on the final internationally backed independent assessment of the worth of the bank : it’s worth -13.635 billion euros. That is, add up the assets, take away the debts, and you’re left with a hole of almost 14 billion euros. That’s a big hole. The state has confirmed that 100% of the bank will be nationalised, with immediate effect, with the state backed FROB bank fund taking over Continue reading Bankia is worth -13.65 billion euros (yup, that’s minus) and goes bust→

EU citizens can’t legally get permission to reside in Andalucia at the moment

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Confusion reigns for EU citizens trying to get their NIE numbers at the moment. Basically, Madrid has ordered that all foreigners coming to live in Spain must prove that they are able to support themselves, but then left it up to the regions of Spain to define “support themselves”. Despite the fact that the EU rules that all EU citizens have the right to live where they’d like to within the union. Seville, responsible for Continue reading EU citizens can’t legally get permission to reside in Andalucia at the moment→