South London Healthcare Trust, which runs three hospitals in the capital, is losing more than £1 million a week and will be run by a troubleshooter and a new management team. It was formally warned last night that it would be the first NHS body to be taken over by Whitehall-appointed administrators under the “unsustainable providers’ regime”.
More than 20 other hospitals in financial difficulty also face being taken over unless [...]
The stereotype of the lazy Greek worker, putting in long hours but not producing much, and not declaring everything to the taxman, has dogged the country’s efforts to get international sympathy.
And this cliché has permeated public opinion elsewhere. Greece is perceived as the least hard-working country in Europe by the British, the Germans, the Spanish, Poles and Czechs, according to a recent survey by Pew. Greeks who were surveyed pointed the finger [...]
Can Spain really bail it out? If yes, at what cost?
The government has already spent 4.5 billion euros to prop up Bankia and the entire rescue is now seen totaling some 20 billion euros and still growing. How big will the Bankia bailout package grow today? €20 bn? €30 bn? place your bets.
Bankia will ask the state for more than 15 billion euros ($19 billion) to bail it out when its [...]
(Reuters) – Spanish lender Bankia (BKIA.MC) will ask the state for more than 15 billion euros (US$19 billion) to bail it out when its new management team presents a restructuring plan on Friday, a financial sector source said late on Thursday
UPDATE 2-Spain to fill 9 bln euro funding gap at Bankia
Two days ago:
Bankia, the bank in which the Spanish government recently took 4.5 billion euro stake
Tomorrow the Spanish govt will [...]
Peninsula Hospital of Far Rockaways, Queens, and its nursing home affiliate enters Chapter 11 protection as a condition of its proposed purchase by a privately owned, for-profit health care shop.
Another struggling New York City hospital has filed for bankruptcy. Peninsula Hospital and its affiliate, Peninsula General Nursing Home Corp.—which does business as Peninsula Center for Extended Care & Rehabilitation—filed for Chapter 11 bankruptcy protection on [...]