Saturday

10th Dec 2016

Ticker

EU approves Spanish bank sale

The European Commission has approved plans for Spanish bank Banco Gallego to be sold to rival Banco Sabadell, after judging that the total cost of sale would be lower than winding it down. Banco Gallego will have received state aid worth €867 million once the sale is completed.

News in Brief

  1. Council of Europe critical of Turkey emergency laws
  2. Italian opposition presses for anti-euro referendum
  3. Danish MP wants warning shots fired to deter migrants
  4. Defected Turkish officers to remain in Greece
  5. Most child asylum seekers are adults, says Denmark
  6. No school for children of 'illegal' migrants, says Le Pen
  7. Ombudsman slams EU Commission on tobacco lobbying
  8. McDonald's moves fiscal HQ to UK following tax probe

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