Spain To Accept Rescue From Europe For Its Ailing Banks

Posted on Monday, June 11 at 19:48 by RickW

Responding to increasingly urgent calls from across Europe and the United States, Spain on Saturday agreed to accept a bailout for its cash-starved banks as European finance ministers offered an aid package of up to $125 billion.

European leaders hope the promise of such a large package, made in an emergency conference call with Spain, will quell rising financial turmoil ahead of elections in Greece that they fear could further shake world markets.
http://www.nytimes.com/2012/06/10/business/global/spain-moves-closer-to-bailout-of-banks.html?_r=1&nl=todaysheadlines&emc=edit_th_20120610

Now - wouldn't it be "grand" if one of the conditions for this (and all) bank bailouts would be the suspension of all remunerations for senior management?

Ah....to sleep, purchance to dream.......

 

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