Spain approves 99 bln euro bank rescue fund
The News Review:
- Spain approves 99 bln euro bank rescue fund
- Curley: Upset of Spain should be put in perspective
- S Africa-Brazil match elicits reactions
Spain approves 99 bln euro bank rescue fund
Reuters
9 billion) bank restructuring fund to spurmergers and prevent solvency problems at smaller banks damagingconfidence in large publicly-traded institutions. Faced with spiralling bad debts after the collapse of a realestate boom Spain’s Socialist government issued a decree tocreate the Fund for rdered Bank Restructuring (FRB) firingthe starting gun on an expected wave of bank tie ups andinterventions. For an analysis of the fund see [ID:nLQ674977] The government said it expected some banks to face solvencyrisks in the next months after bad loans quadrupled in the pastyear. “We are trying to avoid problems at any institution” saidDeputy Prime Minister Maria Teresa de la Vega in a pressconference to announce the long-awaited fund.
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Curley: Upset of Spain should be put in perspective
Ventura County Star
remains what it has been since the blueprints were drawn up last decade — a big fish in a small pond in its corner of the world and on the world stage a second-tier nation capable of a plucky upset when overlooked. Really what has changed for Bob Bradley’s team over the past six days?As impressive — and fun — as it was to snap Spain’s world-record 15-game winning streak and record-tying 35-game unbeaten streak a hallmark victory in an unfancied tournament doesn’t do much more than inject a dose of confidence and spark up the hype machine for the inevitable collapse. Stay grounded American soccer. Keep chipping away. Remember what Ann Killion wrote in the San Jose Mercury News earlier this month: “The American side offers little in the way of hope or inspiration these days from its charisma-free coach Bob Bradley to its continued reliance on Landon Donovan now 27 and still talked about in terms of potential. ”Remember what former Arsenal fullback Lee Dixon said on the BBC Wednesday: “Everything good you can say about a team you say about (the U.
S Africa-Brazil match elicits reactions
Kenya Broadcasting Corporation
While most of the fans proudly said Brazil only made it to the finals through luck others bitterly blamed Bafana Bafana for not using their numerous chances despite pinning down the former world champions most of the time. However the general agreement is that South Africa who were inspired by USA's victory over European giants Spain on Wednesday played their best football so far in the tournament and therefore deserved victory. Speaking to the Kenya Broadcasting Corporation sports desk after the match Bafana Bafana midfielder Steven Pienar said they had learnt a lot from their semi final defeat. Second half substitute Dani Alves scored off a brilliantly played set piece in the 88th minute to earn the star studded squad a slot in Sunday's final. It was a frustrating end for South Africa who had courageously challenged the 5-time FIFA World Cup winners with Steven Pienaar emerging tops in the midfield battle as Brazil struggled to find their stride in the match. Team Captain Aaron Mokoena and Steven Pienaar came closest from open play for Bafana Bafana while Siphiwe Tshabalala's well struck free-kick was parried away by Brazil goalkeeper Julio Cesar.
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