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Eu Extends Ireland, Spain Bank Support Schemes

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http://uk.reuters.com/article/2011/06/01/uk-eu-banks-idUKTRE7504OA20110601

Spain and Ireland gained EU approval on Wednesday to extend their support schemes for banks until the end of the year, giving them some breathing room to restructure troubled lenders.

The schemes, introduced to prevent banks from collapsing under the strain of bad property loans, must be approved every six months by the European Commission.

"The extended measures are well targeted, proportionate and limited in time and scope," the European Commission said in a statement, as it extended the two schemes for a further six months.

Once more the parasites get to feed off their hosts. No doubt this will be extended once again at the end of the year, do they think the banks will have found the end of the rainbow by then.

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http://uk.reuters.com/article/2011/06/01/uk-eu-banks-idUKTRE7504OA20110601

Once more the parasites get to feed off their hosts. No doubt this will be extended once again at the end of the year, do they think the banks will have found the end of the rainbow by then.

It will take a lot of bailouts, but quite possibly one day, if the situation makes it that far without blowing up, the banks will be made whole and the entire debt clusterf4ck will finally be offloaded on bloodied European taxpayers.

Banksta parasite scum! Thanks for the paper to gold freeride wealth transfer though, can't complain about that ;)

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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