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Agence France-PresseFebruary 21, 2013 08:04
URGENT ¥¥¥ EU clears 18-bn-euro state guarantee for French bank
European Union watchdogs gave six-month temporary approval on Thursday for an 18-billion-euro ($23.7 billion) French state guarantee to real-estate bank Credit Immobilier de France (CIF).
"This guarantee is necessary to cover CIF's urgent liquidity needs and to give it time to draw up a restructuring or orderly resolution plan," said a statement, with France firmly in the firing line over public deficit prospects ahead of new European Commission economic forecasts due out on Friday.
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http://www.globalpost.com/dispatch/news/afp/130221/urgent-eu-clears-18-bn-euro-state-guarantee-french-bank
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An installation piece at Basel Art.
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An installation piece with paper tubes at Basel Art.
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Evan Penny's sculpture of Michael Short.
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A piece by Yayoi Kusama titled "Pumkin."
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