Spain orders banks to set aside 30 bln euro cushion
Medrid - AFP
Spain announced Friday a drastic reform forcing banks to set aside a new 30-billion-euro ($39 billion) financial cushion and to separate property assets from their balance sheets. The government will also charge two independent auditing firms with valuing banks' exposure to the collapsed property sector, ministers told a news conference after a cabinet meeting. The announcement came as Spanish bank stocks tumbled Friday.
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Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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