Tuesday 07 October 2008
Spain raises savings guarantee to 100,000 euros
As European governments look to raise bank deposit guarantees, Spain has announced it will increase its own to 100,000 euros per individual and set up a 30-billion-euro fund for banks to raise money by selling assets.
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- FINANCIAL CRISIS
- Spain raises savings guarantee to 100,000 euros
- Tuesday 07 October 2008
- As European governments look to raise bank deposit guarantees, Spain has announced it will increase its own to 100,000 euros per individual and set up a 30-billion-euro fund for banks to raise money by selling assets.
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- FINANCIAL CRISIS
- The party is over for Iceland
- Tuesday 07 October 2008
- The Icelandic government has been granted control over national banks as the island's famously liberal banking sector tottered on the edge, raising the grim spectre of national bankruptcy.
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- FINANCIAL CRISIS
- EU steps up support for embattled banks
- Tuesday 07 October 2008
- European finance ministers have agreed to coordinate their response to the financial crisis, French Finance Minister Christine Lagarde said. The ECB made €37 billion available to banks on Tuesday but they requested double that amount.
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- MARKETS
- European stocks dip lower
- Tuesday 07 October 2008
- European stocks closed lower on Tuesday amid mounting concerns about the health of the financial sector. British financial groups Royal Bank of Scotland and HBOS lost almost 40% of their share value.
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- BANKING CRISIS
- Dehaene to be new chief of French-Belgian bank Dexia
- Tuesday 07 October 2008
- The Belgian government has announced that Jean-Luc Dehaene will be the new president of embattled French-Belgian bank Dexia, following Belgian Prime Minister Yves Leterme's statement that he was committed to saving the bank.
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- JUSTICE
- French prosecutors seek trial for Villepin over smears against Sarkozy
- Tuesday 07 October 2008
- The former French prime minister has been under investigation since July 2007 over the so-called Clearstream affair, a suspected conspiracy to slander Nicolas Sarkozy during the race to succeed President Jacques Chirac.
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- RUSSIA
- Supporters of slain Russian journalist mourn Anna Politkovskaya
- Tuesday 07 October 2008
- More than 200 people gathered in heavy rain in Moscow to mourn the journalist Anna Politkovskaya, an outspoken critic of the Kremlin gunned down outside her apartment a year ago. They demanded that her killers be brought to justice.
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- NOBEL PRIZE
- French, German scientists share Nobel prize for medicine
- Monday 06 October 2008
- France's Francoise Barre-Sinoussi and Luc Montagnier (pictured) won the 2008 Nobel prize for their discovery of the HIV virus, sharing it with a German scientist for his groundbreaking research into cervical cancer.
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- Wednesday 08 October 2008
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- Tuesday 07 October 2008
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