The European Union speaks with different voices about the emergency plan for Greece, and this situation is not clear. "There is help", said the Minister of Finance, George Papaconstantinou, speaking to the socialist deputies in view of expiry term of May 19, when debt of 9 billion euros will be repaid. "There was no way for us to access financial markets - he said - before May 19 the procedure must be completed, approved, signed and funds... [read news]
The U.S. network of car rental Hertz Global Holdings will buy its smaller competitor of Dollar Thrifty Automotive Group for approximately $ 1.2 billion (902 million euros). This agreement will mark an important consolidation of the American sector of the rental car, which is on the road to recovery thanks to a rebound in travel and second-hand market. The offer in cash and stock is $ 41 per share, a premium of 5.5% over the closing price of... [read news]
Cruise the Italian shipping company Grimaldi necessary contest yesterday urged creditors against Marsans Travel in Commercial Court number 12 of Madrid, as reported in the online edition of the newspaper Expansion. In any case, it is possible that the company will reverse and remove the application, provided that the company owned by the president of the CEOE, Gerardo Díaz Ferrán, and his partner, Gonzalo Pascual, credited in the coming days... [read news]
After a day of nerves in the markets, the decision of investors is clear: do not believe that formally requested help from Athens to its partners of the euro and the International Monetary Fund (IMF) enough for Greece to cope with their debt. "There is more to do the bumping that has given the bond," says Juan Ignacio Crespo, director in Europe for Thomson Reuters. Investors granted a debt relief to know Greek just the formal request for... [read news]
