Thursday, November 29, 2012

Finally Eurozone Survival Plan Unveils, Bailout Fund Aid Only for....

Latest update from Spain banking industry, Bankia debtholders face bailout losses, Spanish bank to shed 6,000 jobs and sell €50bn of assets as Brussels frees nearly €37bn in eurozone aid for the country's hard-pressed nationalised lenders

Another Eurozone survival plan, Barroso unveils euro survival plan, Fund would initially provide only aid to eurozone countries that sign contracts with Brussels committing themselves to economic reform programmes

Meanwhile, EU Groups fear US rivals' cheaper gas boost, EU push for renewable energy and an American shale gas boom is widening cost gulf, say associations representing 200,000 European companies

From politics news, European Union shortens arms embargo against Syria, Move opens way to weapons supplies to anti-Assad forces in a further sign of western support for the refashioned Syrian opposition

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