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 News from the financial sectors in Spain and the Canary Islands Short Term Cash ICO to help with liquidity A high ranking Spanish government official has announced that if small banks or cajas suffer from short term cash flow problems they can rely on the Official Credit Institute (ICO) for help. He added, “Cajas are not publicly traded and are not going to go bankrupt, in the worst case scenario there are a thousand ways to avoid it.” Meanwhile the Spanish government is looking at ways to make mortgage backed securities more attractive to foreign investors by offering more guarantees. Francisco González, chairman of BBVA, said, “Outside opinion of Spain is very negative. Investors are convinced there are hidden economic problems and, as a result, no one wants to invest. So the government is looking at how to make Spanish mortgage backed bonds more attractive.” Mr González went on to say that US financial institutions had given loans to people who could ill afford them. He commented, “Banks should aim to have long term relations with their clients. So you don’t sell them rubbish products, you don’t offer loans to clients who cannot afford to repay you, and similarly, you do not lend to overstretched companies.” | Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more... Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more... La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more... Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more... Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...    Banish the blues They tell us that this is one of the most depressing times of the year more...   | Elektrische Zigarette Neue Geschmacksrichtungen als gefüllte Depots für die Elektrische Zigarette www.elektrische-zigarette.eu Holiday car Tenerife We have been in the rent a car business since 1976 in Tenerife. Our experience - your advantage. www.hermanns-cars.com Electronic Cigarette The Electronic Cigarette SLIM is recommended for smokers with few consume, occasional smokers and to go. www.liquid-shop.eu Real Estate Tenerife We are a real estate company, constituted in the year 2002, and nevertheless our professional team possesses a long trajectory in the real estate sector in the north of Tenerife. www.optima-tenerife.es ic media group |
