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US Treasury shows Brussels how it’s done

Do you remember the vast injections of public cash in insurer AIG and the TARP operation to clean banks’ balance sheets? They cost American taxpayers no penny at all, and have now been completed with success. Hello, Brussels, anyone listening?


Spain’s €30-billion privatisation plan to affect AIG, Renfe among others

The Spanish government estimates it may take in up to €30 billion through an “ambitious” privatisation plan which will be passed before summer, reported news agency Europa Press on Monday. This new government plan, which completes the reforms that have already been approved as well as other further measures (the single market, or the entrepreneurship law) will affect all the ministries and enable private initiatives to enter in a large number…

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IAG woos Japan Airlines

By Tania Suárez, in Madrid | IAG’s CEO Willie Walsh said last year that if the opportunity arose, they would definitely be willing to take a major equity stake in Japan Airlines. Now, that opportunity has apparently arisen. IAG has come to an agreement with Japan Airlines (JAL), and both companies will soon sign a joint business agreement. According to Walsh himself, IAG has “established very close links with JAL”…