German Banks

The mechanism suggests that banks and insurance holders of Greek debt reinvest 70 per cent of the money when those loans come to maturity. The financing plan would be 30 years. Check out Intel for additional information. Chronology of the Greek crisis. The banks most exposed to the helena debt, the French and Germans, are willing to contribute to the second rescue of Greece from a given proposal announced Monday by Chirac, Nicolas Sarkozy, which was favourably received by the markets. Eurozone wants banks to contribute to the resolution of the crisis, providing about 25,000 million euros to the second plan of financial assistance to Greece, which could amount to 110 billion, as announced last week the Greek Prime Minister, Yorgos Papandreu.

French bankers, said Sarkozy, is ready to participate in the plan to dodge the Declaration of a partial helena debt default, situation which is intended to avoid at all costs on the grounds that it would have an impact greater than the fall of Lehman Brothers in 2008. 70% Of debt The French initiative is to reinvest in Greece only 70% of the debt securities maturing in the next three years: 50% would serve to acquire new debt helena with a term of 30 years, while the remaining 20% food a Fund of investment in assets of high quality, dedicated to endorse new Greek loans. The chosen mode would mean that it would only provide 50% of the amounts returned by hellene treasure to Greece, but would strengthen the voluntary nature of this contribution, away the risk of Declaration of credit default by credit rating. The European Central Bank has threatened to stop accepting Greek debt as collateral in refinancing of Greek banks, in the event that the agreed solution causes a declaration of default, because it believed that it would have dire consequences, also for countries most susceptible to infection. In this sense, to endorse the debt Fund would consolidate the voluntary for banks, which until now had demanded guarantees to maintain their exposure in a country of doubtful solvency, extreme rejected by Germany on the grounds that it would mean an extra burden on taxpayers.

Firefighters Working Overtime

Work to clean homes and basements and remove mud roads. The municipality of Canete de las Torres prompted extraordinary aid. Ctive of the Provincial Consortium for the prevention and extinction of fire of the delegation of Cordova, in particular of the parks of Baena, Montilla and Montoro, will continue working throughout the day in the municipalities of Canete de las Torres and Villa del Rio so that the situation returns to normal as soon as possible after the waterspout of water fall this Wednesdaythat claimed the life of a woman as reported in a statement, the service of the provincial Council of Cordoba has provided a device consisting of 13 ctive and five vehicles of Baena and Montilla to act in Canete and four vehicles and 12 Park firefighters Montoro ctive to act in Villa del Rio. Moreover, the Provincial Diputacion water company (Emproacsa) has made available to the affected municipalities five trucks for the extraction of water from basements and cleaning tasks. Cut roads in terms of the State of the roads, the delegate of Territorial action, Antonio Ramirez, informs that the CO-4103 CO-4101 to L.P Jaen, where barros withdrawal operations are in progress so that at the end of the day you can open to traffic with speed limitation is cut.

Similarly, it is cut in its entirety the CO-5104 of Villa del Rio to Canete and open with the A-306 CO-4103 on Bujak limitations to Villa del Rio. In both cases, the provincial government conservation team is removing sludge so they can be fully open to traffic at the end of the day. According to Ramirez, they are working on the damaged tracks three backhoes, two bulldozers, three trucks and one gondola for the movement of machinery. You are in contact with the city councils to assist them in everything what they need and that the situation returns to normal as soon as possible. Firefighters of the Provincial Consortium carried out during this Wednesday 80 interventions of uninterrupted from the afternoon until 04.00 pm.

In total, participated jointly in the affected areas of Canete and Villa del Rio three parks of firefighters from Montilla, Baena, Montoro with 11 vehicles and 24 ctive. Special assistance grants the Mayor of Canete de las Torres (Cordoba), Diego Hita (PA), has announced the holding of an extraordinary of the municipal government to request special assistance grants to the Government. In addition, this Friday will declare a day of official mourning in the municipality by the death of the woman. While still not has been able to offer an initial assessment of damage because technicians are evaluating the situation, Hita has ensured that these will be substantial and that the situation is worse than it thought in a first time. At the moment, more than 150 houses have been affected by the floods. In Villa del Rio (Cordoba) have been evacuated between forty and seventy homes gardens family zone and continue cleaning. Source of the news:: firefighters working overtime after the whirlwind which claimed a life in Cordoba