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The company is to create an internal "bad bank" to manage a further 87 billion Euros of bad and risky loans, which will be reduced to 33 billion Euros in the next five years.
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Daily Readings

Reading 1, Joel 1:13-15; 2:1-2
Priests, put on sackcloth and lament! You ministers of the ... Read More

Psalm, Psalms 9:2-3, 6, 16, 8-9
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Gospel, Luke 11:15-26
But some of them said, 'It is through Beelzebul, the prince of ... Read More

Saint of the Day

October 9 Saint of the Day

Sts. Denis, Rusticus, and Eleutherius
October 9: The first mention we have of these three martyrs who died around ... Read More