Spain receives €39.5bn for troubled banks December 12, 2012 - 14:25 AMT PanARMENIAN.Net - Spain's economy ministry says €39.5 billion ($51.3 billion) in bailout aid approved by European authorities for troubled Spanish banks has arrived, The Associated Press reported. A ministry spokeswoman said Wednesday the money is now in the hands of a state-run fund set up to help those entities worst hit by the property market collapse in 2008. The money is expected to be distributed to the banks over the coming days. The funds are part of a €100 billion rescue package earmarked for Spain by the other 16 European Union countries that use the euro. The package is designed to ease the pressure on the government so it can concentrate on managing national finances and avoid a full-blown sovereign bailout. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. 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.   Partner news |  Latest news “Wall Street and W” scribe to adapt “Three Graves Full” novel  The book follows a mild-mannered guy who happens to kill somebody he wishes he’d never met, and buries the body in his backyard.Park Chan-wook cult film “Sympathy For Mr. Vengeance” getting remake The film centers on two men who are bound by their common sense of loss and headed on a collision course of revenge.Russia to scrap world’s largest nuke subs by 2018 Six Typhoon-class submarines entered service with the Soviet Navy in the 1980s, and remain the largest submarines ever built.Syrian, Hezbollah forces fighting rebels in key town of Qusair At least 31 fighters from the Hezbollah group, a staunch ally of President Assad, have been killed in the struggle for the town of Qusair. |
