Spain, EU agree on general terms for creating bad bank August 29, 2012 - 14:48 AMT PanARMENIAN.Net - The Spanish government and European Union officials are in agreement on the general terms for creating a bad bank to hold toxic real estate assets, Economy Minister Luis de Guindos said on Wednesday, Aug 29. According to Reuters, speaking to reporters ahead of a meeting at the ruling People's Party headquarters in Madrid, de Guindos said the Spanish cabinet will approve the framework for the bad bank on Friday. He also said Spain is not currently negotiating any further austerity measures in exchange for potential ECB help in buying government debt. Partner news  Top stories IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail.   Partner news |  Latest news John Lennon’s guitar auctioned for $408,000  The custom-made instrument, built in 1966 by the VOX company, was bought by an unidentified U.S. buyer in New York.Egyptian police block border crossing with Israel amid kidnapping anger Egyptian police was enraged by the kidnapping of seven of their colleagues by Islamist gunmen in the Sinai Peninsula.Syrian forces storming rebel stronghold of Qusair Opposition groups say militants from the Lebanese Hezbollah movement are fighting alongside government forces.Benicio del Toro’s “Jimmy P” debuts in Cannes main competition The film is telling of the relationship between a troubled native American vet and his equally idiosyncratic therapist. |
