Vive Le Canada

Spain to Accept Rescue From Europe for Its Ailing Banks
Date: Monday, June 11 2012
Topic:


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.......



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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