Wednesday, May 30, 2012

The Governor of the Bank of Spain leaves the entity in advance

The Governor of the Bank of Spain, Miguel Ángel Fernández Ordóñez, will leave his post on 10 June, a month before the end of his mandate.

It is therefore transferred as the entity through a release reported to the President of the Government of Mariano Rajoy.

Fernandez Ordonez took this decision for whom "can join" happens on the same day, that the banks must submit their plans to the hygiene of real estate assets.

"The Prime Minister has understood that this decision fast one and favors efficient transition into the position of the Governor and continue to help of the Bank of Spain to deliver their knowledge and their professionalism in the solution of the problems of our economy and the banking system", explains in the statement.

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Repsol leaves Cuba after failing to search for oil

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Friday, May 25, 2012

And what happens when Greece leaves the euro?

Greek debt default

Without the possibility of borrowing for each (not even other European governments), the Greek Government rejects euro. They have to pay social security benefits and wages of civil servants bonds (if not resolved at all to pay), to give a new Drachma into circulation. The Government suspended the payment of all debts, including €240 billion in loans, which it has received from the IMF and the EU. Greek banks

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