The clock is ticking fast towards a financial meltdown in Europe, according to financier George Soros. The euro will fall within 3 months unless Germany and other credit donors find a solution.
How Merkel will find a way to get the Germans to accept additional commitments for other countries remains to be seen - Read Soros statement on Reuters
The European Investment Bank (EIB) has granted a EUR 200 million loan to Banco Popular for financing the investment projects of small and medium-sized businesses, mainly in the industry and service sectors. Read more