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European Commission: Midday Express (4 November)
The European Commission has opened under EC Treaty state aid rules an in-depth investigation into support measures for the German savings bank Sparkasse KölnBonn and has invited Sparkasse KölnBonn to submit a restructuring plan.


En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Nov 4th, 2009 at 09:39:02 AM EST
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This being a further consequence of a string of bad decisions, such as is all too common in our fair city.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt ät gmail dotcom) on Thu Nov 5th, 2009 at 04:20:17 AM EST
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