Published on November 23, 2010 by Technology Slice
Ireland Will Merge Banks – Ireland’s banks will be pruned down, merged or sold as part of a massive EU-IMF bailout taking shape, the Irish Government said. Crucially, some experts say the rescue may have come too late to save the next weak link, Portugal, from a similar fate. Ireland’s crisis also appears likely to [...]
Tags: Austerity, Bond Markets, Brian Cowen, Brian Lenihan, Credibility, Credit Markets, Early Departure, Fianna Fail Party, Finance Minister, Fragile Government, Green Party, Imf Bailout, Irish Government, John Gormley, Junior Member, Parliamentary Majority, Party Leader, Property Markets, Taking Shape, Unpopular Government
Posted in Money
Published on May 31, 2010 by Technology Slice
Spanish Banks Begin To Merge – In a tumultuous seven days, 12 of Spain’s 45 savings banks have begun merger talks and a 13th has been rescued by the central bank. The troubled sector, which had long resisted government pressure to merge, now is bowing to the inevitable, hastened by the Bank of Spain’s willingness [...]
Tags: Bailout, Bank Of Spain, Bank Restructuring, Brunt, Caja Madrid, Cajas, Elena Salgado, European Markets, Finance Minister, Fitch Ratings, Frob, Government Pressure, International Investors, La Caixa, Merger Plans, Merger Talks, Savings Banks, Spanish Acronym, Spanish Banks, Spanish Stock Market
Posted in Money
Published on May 31, 2010 by Technology Slice
Mining Tax Battle Continues – A West Australian-based minerals group, representing 220 small miners, has set up a rolling “fighting fund” it wants to use to spruik its anti-mining tax message. The advertising blitz, which shows “Comrade Kevin” Rudd being thanked by Russian miners for making their country rich, is due to start on the [...]
Tags: Advertising War, Bob Brown, Comrade, Craig Emerson, Dollar Campaign, Escape Clauses, Fighting Fund, Finance Minister, Government Advertising, Information Campaign, Leader Bob, Lindsay Tanner, Lobby Groups, Minerals Group, Misinformation Campaign, Profits Tax, Public Purse, Russian Miners, Senator Brown, Tax Debate
Posted in Politics
Published on May 10, 2010 by Technology Slice
1$ Billion in Aid Approved By The European Union – Europe has agreed a package of crisis aid for troubled eurozone countries totaling “more than 500 billion euros,” ($718 million) which will be topped up by the International Monetary Fund (IMF), a European Union diplomat told AFP. The fund would be made up of €440 [...]
Tags: 1 Billion, Asia Pacific, Benchmark, Diplomat, Elena Salgado, Euro, European Commission, European Union, Eurozone Countries, Finance Minister, First Minutes, International Monetary Fund, International Monetary Fund Imf, Loan Funds, Nikkei 225 Index, Rose, Share Prices, Spanish, tokyo, Union Europe
Posted in Money
Published on May 3, 2010 by Technology Slice
Greece Agrees to $30 Billion Deal – Greece has agreed a package of austerity measures under which it aims to cut its budget deficit by 30 billion euros over three years on top of measures already agreed, Finance Minister George Papaconstantinou said on Sunday. Under the deal with the European Union and International Monetary Fund [...]
Tags: Athens, Austerity Measures, Budget Deficit, Collapse, European Union, Euros, Finance Minister, Fiscal Consolidation, Fuel Alcohol, Gdp, Greece, Gross Domestic Product, International Monetary Fund, International Monetary Fund Imf, News Conference, Pensions, Public Sector Salaries, Tobacco Taxes, Vat
Posted in Money, Politics
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