Source: The Telegraph, UK
May 23, 2012
NAMA to use money to complete projects and start new developments.
Pressure on Greece increases dramatically after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro.
Hewlett-Packard is to slash 27,000 jobs, or 8pc of its global workforce by 2014, as chief executive Meg Whitman attempts to revive the fortunes of the world’s largest PC maker.
Spain’s finance minister said the government would inject “at least €9bn” (£7.2bn) into ailing lender Bankia while insisting it was an isolated problem which would not spread to the rest of the country’s banking system.