What a nation?!!!! unbelivable !!!!
BUCHAREST - The Former Prime-Minister of Romania Adrian Nastase shot himself in the neck in an attempt to commit suicide. He is sentenced to two years in gail following his "corruption trial" that ended yesterday. At this time he is at The Municipal Emergency Hospital in Bucharest, being operated on, in order to save his life. He shot himself in the neck, while being arrested by the Police at his home in Bucharest. Some say that the gesture was in fact provoked by the President of Romania Taian Basescu who has been behind the High Court's Decision.
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If you're fed up with water bills you can now at least get a real rate of return on your savings from Severn Trent , the FTSE 100 untility, which has this morning unveiled a 10 year index-linked bond for savers paying 1.3pc after taking into account RPI inflation. The bonds, denominated in £100 lots, will be repaid at face value on maturity, even if RPI has fallen. If there's deflation, the rate of interest will fall.
Mike McKeon, Chief Financial Officer at Severn Trent, said: "With a large, inflation linked, investment driven, regulated water utility at the heart of our Group, we are well suited for this product."
The Federal Reserve delivers another round of monetary stimulus and its chairman says it was ready to do even more to help a US economic recovery that looks increasingly fragile
The German Chancellor agreed that the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) had the "possibility of buying bonds" but said no discussions were being held about such a move.
Her comments came as a top European Central Bank policymaker publicly backed the idea. Benoît Cœuré said that the action could ease the “very severe strain” on Spain and Italy.
"Certainly it's a mystery why the EFSF was allowed almost a year ago to undertake secondary market interventions and governments have not yet chosen to use that possibility," he told the Financial Times in an interview.
François Hollande, the French president, told reporters that the idea had been raised at the G20 meeting in Mexico and would be discussed at tomorrow's summit of Europe's big four nations – Italy, Germany, France and Spain.
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