United close in on Villa’s Young June 22, 2011 FOOTBALL: Manchester Untied are expected to complete the signing of Ashley Young from Aston Villa by the end of the week after the player underwent a medical at the Old Trafford club yesterday. The 25-year-old England winger is expected to sign a five-year deal with Villa to receive a transfer fee in the region of [...]
Woods remains an Open doubt June 22, 2011 GOLF: Former world No1 Tiger Woods has been advised to continue his lay-off rather than play next week’s AT&T National in Pennsylvania, casting further doubt on his participation in next month’s Open. Woods hasn’t played since he pulled out of the Players Championship last month and is yet to recover from knee and Achilles injuries. [...]
No Wasps approach for Young June 22, 2011 RUGBY UNION: Cardiff Blues have not received an approach for director of rugby Dai Young – even though Wasps are thought to be close to reaching an agreement for the former Wales prop to take over at Adams Park. A Cardiff statement read: “We have had no approach from London Wasps. Dai Young is still [...]
EU asks banks to share the Greek burden June 22, 2011 EUROZONE governments have kicked off a series of meetings with their banks to persuade them to voluntarily roll over their Greek debt and buy more time for the stricken sovereign. But German chancellor Angela Merkel has also warned voters and opposition parties that there is a limit to private sector burden-sharing. She said yesterday that [...]
AIB calls a halt to bond payout due to court case June 22, 2011 ALLIED Irish Banks will halt an interest payment of £22m due on a junior bond at the centre of a legal challenge until Ireland’s High Court rules on the case, the lender said yesterday. New York-based investment firm Aurelius Capital is challenging the Irish government’s move to impose losses on junior bondholders in AIB and [...]
Pimco: Greece and others will default on debt June 22, 2011 THE head of Pimco, the world’s biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area deals with its debt crisis. Greece’s government won a vote of confidence late on Tuesday, a crucial step towards securing further short-term and longer-term financial aid [...]
GREEK BUDGET DEBATE BEGINS June 22, 2011 After winning a no-confidence vote in parliament on Tuesday night, Greek Prime Minister George Papandreou (right) and new finance minister Evangelos Venizelos have begun the hard work of shoring up their party’s support for a raft of unpopular austerity measures.
We should take advantage of weak Eurocracy June 22, 2011 SO that’s all decided then. Greece should definitely leave the Euro. But there is one hole in the debate. Greece leaving the euro might save both Greece and the euro; it might not just be desirable, but also inevitable. Unfortunately, it is also impossible. Many people, including myself, predicted even before it was launched that [...]
Almacantar founder steps down June 22, 2011 The property investment and development company Almacantar has had a boardroom reshuffle after co-founder Neil Jones left the firm. Jones the former head of Grosvenor’s European business, said he was leaving the company that he helped create two years ago with Mike Hussey to pursue other opportunities. He will continue to hold a shareholding and [...]
RWE rails against nuclear tax June 22, 2011 Germany’s largest power producer RWE filed a lawsuit against the German government over its nuclear fuel tax, it said yesterday. RWE said it had filed a complaint at the tax court in Munich, regarding a tax imposed on its nuclear reactor in south Germany. The complaint related to a change in fuel rods at one [...]
