Secrets of Body Language
Wednesday, July 11, 2012
Tuesday, July 10, 2012
Spain's Rajoy hails bank rescue as 'victory for euro'
Spain's Rajoy hails bank rescue as 'victory for euro'
Another euro area country is forced to borrow money.
On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans.
This money will go to support banks that approved bad loans in real estate.
Although Spain's prime minister said that is a success for the euro area, in reality, the population will have to pay unprofitable investment made by banks .
The only country that has adopted an attitude against bad actions taken by banks is England.
The current global crisis is the first in history when banks are helped to cover the holes that were created by the same banks.
Source: www.bbc.co.uk
Another euro area country is forced to borrow money.
On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans.
This money will go to support banks that approved bad loans in real estate.
Although Spain's prime minister said that is a success for the euro area, in reality, the population will have to pay unprofitable investment made by banks .
The only country that has adopted an attitude against bad actions taken by banks is England.
The current global crisis is the first in history when banks are helped to cover the holes that were created by the same banks.
Source: www.bbc.co.uk
