Best of News


EU commissioner for Competition Joachim Almunia gives a press... News PhotoBelgium,Berlaymont,Brussels-Capital Region,Commissioner,Decisions,Europe,Finance,Giving,Group 2,Press Conference,VerticalPhotographer Collection: AFP 2012 AFPEU commissioner for Competition Joachim Almunia gives a press conference on state aid decisions on Group 2 Spanish banks on December 20, 2012 at the EU Headquarters in Brussels. The European Commission cleared restructuring plans and aid for four small Spanish banks as part of efforts to stabilise the country's stricken banking system. Banco Mare Nostrum, Banco Caja 3, Liberbank and CEISS were classed as Group 2 banks, meaning they were 'unable to meet their capital shortfall without having recourse to state aid,' a statement said. AFP PHOTO GEORGES GOBET (Photo credit should read GEORGES GOBET/AFP/Getty Images)