So, yesterday the European Central Bank decided to give cheap loans to european banks. A widely popular decision among the banks. The offer ended up in loans for nearly half a trillion – to be exact 489,2 billion euros. While some think this is a long-awaited move from the ECB, analysts are very sceptical to wether the loans will provide the long-lasting boost to confidence that markets have been looking for.
The new Spanish government has been sworn into office, and the new conservative prime minister Mariano Rajoy has named Luis de Guindos as his economic minister. Luis de Guindos is a former Lehman Brothers – the investment bank that cracked an caused a whole economic crisis itself – executive.
The European Court of Justice ruled yesterday that asylum seekers may not be sent back to the first EU member state that they arrived at, if they risk to be maltreated there. This has been the case especially around Greece, where they has been disputed due to poor treatment of migrants.
While the spanish people has just elected their new prime minister, there is no democratic chosen government in Italy, where Mario Monti has taken over after Silvio Berlusconi resigned after heady pressure. Now the chairman of the car company Ferrari has announced he will run for president in 2013. “There is no way that the Italians want to see the same old faces, the politicians who have allowed the situation to become the way it is. It is an absolute priority for Italy to change its political leaders,” Luca di Montezemolo announced in a letter.
In Finland they’ve located around 160 tones of explosives at a danish-owned ship, departed form German port Emden and headed for Chinese port of Shanghai.