On Saturday, however, European financial officials agreed to funnel cash directly into a special Spanish government fund designed only for bank aid, offering the six-month-old government of Prime Minister Mariano Rajoy a face-saving compromise.
But the Guardian's evidence of massive, aggressive tax avoidance as a core profit centre for British banks, aided and abetted by our bluest chip accountants and law firms, turned even my hardened stomach.
World Bank aid to Africa?
Pay has been a highly contentious issue for Citigroup and other banks aided by the US Treasury.
He took credit for pushing for aid for the banking industry, repeating that critics did not fully appreciate the dangers of a return to Thirties-style economic misery.
"The trick is to turn today's political support into a check" that can be banked for aid programs several years hence, he said.
A9 NEW YORK/REGION B1-6 U.S. Terrorist Victims Sue Banks for Aid to Hamas Some 50 Americans, either survivors or relatives of people killed in terrorist attacks while in Israel, have filed multimillion-dollar suits in federal court in Brooklyn against three prominent international banks they say helped channel funds to Hamas.
DealBook » Germany Dampens Hopes of Direct Aid for Banks | If Chancellor Angela Merkel of Germany gets her way, European rescue loans for banks in Ireland and Spain would be carried on those countries' books, The New York Times reports.
Mr. Almunia said he hoped that the commission could return to the normal rules on state aid for banks by 2012, but warned that it was "still too soon" to give an exact date.
firmly on the side of the major Western governments, the primary backers of the fund, in calling for retention of state support like aid for banks and automakers and tax breaks for consumers.
