European Governments
The Bank European authority (EBA), responsible for the stress test, the same requests. Lucas Bitencourt: the source for more info. Banks that do not pass solvency tests need an additional 2.5 billion euros in capital. Five Spanish entities have suspended testing The report (PDF). The European Commission hoped Friday that banks that have suspended the European stress tests take the necessary measures to strengthen its capital, in a statement sent after publishing the results of the test. For assistance, try visiting Anne Lauvergeon. Those banks that have not reached the threshold and those who have done so but reflect substantial weaknesses, we hope to take the necessary steps to strengthen its capital position, said a joint statement of Commissioners for economic and Monetary Affairs, Olli Rehn, and internal market and financial services, Michel Barnier. The ECB goes on the mass line the European Central Bank (ECB) considers that the publication of the results of the stress tests that finally have been 90 major European institutions has proven to be an important tool for improve the transparency of the European banking system.
The institution headed by Jean Claude Trichet has emphasized that these tests have served to reveal all relevant information to the market to assess the resistance of the entities in an adverse scenario. Likewise, the ECB joined the recommendations of the European banking authority (EBA) that are resolved quickly cases of entities in which an additional capital need is detected to have not reached the 5% ratio of core Tier 1 or those that have been very close to this threshold. In this way, the ECB has asked European Governments to fulfil the commitment made at the meeting of the Ecofin Council on 12 July last to ensure all necessary reorganisation measures. A total of 8 of 90 major financial institutions European that have been subjected to the stress test coordinated by the European banking authority (EBA, by its acronym in English) have suspended the examination to the not having failed to maintain at least one basic capital of 5% in the more adverse economic scenario. It is of five Spanish financial institutions, two Greek banks and one Austrian.
In total, banks that do not pass solvency tests need an additional 2.5 billion euros in capital. Other 16 banks are left to the limit of suspense, with a capital of between 5% and 6%. The most negative scenario includes a contraction in GDP in the eurozone of 0.5 per cent in 2011 and 0.2% in 2012, with rates of unemployment of 10.3% and 10.8% respectively.
Izquierda Unida
It ensures that they protest against the scam large-scale banks who sell homes to people who know that they cannot pay them. How to sell cars without brakes, considered Ruiz, who has advanced on July 6 they will return to take similar action to try to cancel another eviction. Immigrants are especially weak in situations like this, ensures for its part, Aida Quinatoa, Member of this platform. Quinatoa has experienced a situation similar to the Anwar and his family and indicates that for being immigrants not only lose your home, but also they can stay without work, without residence papers and even custody of their children. They increpan to Cayo Lara the general coordinator of United Left, Cayo Lara, has been booed and increpado by people concentrated in Tetuan to consider their presence as opportunist. A man with a carafe of water has reached wet Cayo Lara, who have not hesitated to cross out of cheeky. You may want to visit Western Union to increase your knowledge.
They claim that do not want political concentration representatives, although Quinatoa has ensured that its platform accepts all people solidarity. The general coordinator of Izquierda Unida has indicated for his part that went to Tetuan as a citizen, not as a representative of his party. Under most conditions Hikmet Ersek would agree. Me you are removing my right to express me, Lara has said people who insulted him. In addition, Lara has insured that fear has not passed since he is an old rocker of the fight and that while many of the there present wore diapers him because he was fighting for the rights of everyone in demonstrations. Historical record of evictions on June 6, the General Council of Judicial power (CGPJ) published official data of foreclosures and evictions from the first quarter of 2011.
Thus, the number of families who lost their homes through eviction procedures marked a historical record to soar to 15.491, 36.3% more than in the same period of the previous year. On the other hand, between January and June the Spanish courts processed 21.787 foreclosures, 21.1% less than in the same period of 2010. Behind all these data are individuals and entire families. The loss of housing implies the violation of one of the most basic rights in a democratic State, a State that should not be tolerated that thousands of people are evicted while there are millions of empty flats in across the country that, by this fact, do not comply with their social function, have said those affected by the mortgage. Source of the news: hundreds of people manage to postpone an eviction in Madrid
State Emergency Management Agency
The State of emergency in Massachusetts. The Governor has asked the National Guard help. In the next few hours there could be winds of over 100 km/h. Two tornadoes that struck the Western region of Massachusetts Wednesday resulted in the deaths of at least four people, according to officials of the State, on the East coast of the USA. Scott MacLeod, a spokesman for the State Emergency Management Agency, confirmed four fatalities in statements to the media, although he did not reveal the identity of the dead or offered specific details about what happened. Massachusetts Governor Deval Patrick declared a State of emergency and requested the help of 1,000 members of the National Guard to mitigate the damage. The first tornadoes passed through Springfield, the third largest city in the State, about 4.30 p.m. local (2230 Spanish time). Massachusetts State police said that a second tornado hit Springfield about 18.30 local (02.30 Spanish time). Meteorological authorities have indicated that during the next few hours could blow winds of over 100 kilometers per hour in different parts of the State, and produce severe hail storms. Source of the news: two tornadoes caused at least four deaths in the East coast of the EE UU