EU authorises temporary Finnish financial aid to farmers

EU Throws Spain Two Deathlines; Spanish 10-Year Yield Tops 6.7%; ECB Rejects Madrid Ponzi Refinancing Scheme The markets are reeling in the wake of rejection of Spain's Ponzi Recapitalization Scheme by the ECB according to the Financial Times.

Yesterday, Finland's foreign minister said "Finland must face openly the possibility of a euro-break up" “We have to face openly the possibility of a euro-break up,” said Erkki Tuomioja, the country’s veteran foreign minister and a member of the Social Democratic Party, one of six that make up the country’s coalition government.

The European Commission has authorised a temporary scheme granting aid of up to EUR 15,000 to British farmers.

The European Commission has authorised under EU state aid rules the introduction of "Real Estate Investment Trusts" (REITs) in Finland that will be exempted from corporate income tax in order to encourage investment in affordable rental housing.

Reader Janne from Finland claims "hell will freeze over" before Finland signs the Merkozy deal as it is structured right now. Janne also claims Finland will "loan" money to the IMF and it will not be in the budget. From Janne .... Hello Mish My collection and translation of news shows this new treaty is in serious trouble.

Credit stress continues in Europe with a spotlight on several countries, none of the typical culprits. Hungary Seeks Aid From EU, IMF The Wall Street Journal reports Hungary Seeks Aid From EU, IMF The European Commission said Monday that it has received a formal request from Hungary to receive financial assistance from the European Union and the International Monetary Fund.

Crowdcube, the world’s first equity crowdfunding website, today announced that it is now authorised by the Financial Services Authority (FSA). The authorisation makes Crowdcube the only regulated equity crowdfunding platform where investors can become direct shareholders in UK businesses. Crowdcube is a world leading innovator in the business finance sector and has raised over £5 million for UK businesses. More than 28,000 investors have registered on its website since its launch in February 2011.