On Tuesday, Spain's short-term cost of borrowing jumped to three-year high at an auction. The rise has indicated that the strong EU action on Greece, last week, has failed to limit the worries that Europe's debt crisis could still spread.
The Spanish treasury had to offer a rate of 1.899% to borrow money for three months, which was up from 1.568% at the similar auction on June 21. For six-month bills, the yield has gained 2.519% from 1.776%. The Treasury sold
Anders Behring Breivik, 32, expressed his hatred for Islam and leftists, multiculturalists, and current European leaders in his 1500 word released manifesto. He was accused of a deadly car-bombing and subsequent shooting spree in Norway.
It is said that he is responsible for the deaths of at least 93 people, in which majorly there were children. Breivik was dressed in a police uniform, and shot dead dozens of children and adults at a Labor Party island camp. In Oslo, 7 people lost their lives when Breivik exploded car bomb near the office of Prime Minister Jens Stoltenberg.
On Sunday, thousands of angry protestors in Spain held a march to show their concern over high unemployment rate and the economic crisis in the country. The protestors had written a message with red ink on their back, which read, “Without a house, without money, without clothes”.
The protestors also held placards with messages such as “Cutbacks for the rich first” and “People of Europe rise up” etc.
First Solar Inc. has revealed the sale of its 9.9 megawatt solar plant near Zamora, Spain to a renewable energy-focused fund, European Solar Power Fund which is for institutional investors and is managed by KGAL.
Klaus Wolf, Managing Director of KGAL, said, “We are very glad about the successful acquisition of this exceptional solar farm in Spain and the opportunity to collaborate with highly professional partners like First Solar and Gehrlicher”. He also said that after the new deal, the total capacity of solar farms owned and operated by KGAL's investment funds surpasses 200 MW.
Spain is reported to have won the FIBA U20 European Championship against Italy with an 82 to 70 win, making the country have an ‘undefeated run through the tournament’.
Also, the world has been notified that Spain needs to produce yet another generation of ballers, to one day act as a force all over the world and Real Madrid fans can take note that their Nikola Mirotic was named tournament MVP.
After a two-year long ordeal in prison, a former Basque separatist leader got a breather from Spain's National Court as he was released.
As per reports, Arnaldo Otegi, who was once a part of the outlawed Batasuna party, was arrested in 2010 over charges of defending terrorism. Considering the biased comments made by one of the judges, the Supreme Court ordered a retrial, during which he was acquitted on the basis of inconclusive evidence.
After long rounds of discussion between European leaders on granting an extended bail out to the debt-stricken Greece, a consensus was reached in a meeting in Brussels yesterday, thereby triggering the much awaited 73 billion Euros to Greece, under the new aid program, as part of the 440 billion-euro European Financial Stability Facility (EFSF).
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