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Eurozone Divided As Time Runs Out For Spain: /natalie Haynes /michael Mccarthy

- The document discusses Spain's expected request for a bailout from the EU and IMF as the eurozone debt crisis continues, despite Spanish denials that a bailout is being planned. It also discusses the Sri Lankan president meeting the Queen despite accusations of war crimes against his government. Additionally, it mentions a security company involved in an unpaid worker controversy at the Queen's Jubilee being selected to provide fire marshals at the London Olympics.

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46 views

Eurozone Divided As Time Runs Out For Spain: /natalie Haynes /michael Mccarthy

- The document discusses Spain's expected request for a bailout from the EU and IMF as the eurozone debt crisis continues, despite Spanish denials that a bailout is being planned. It also discusses the Sri Lankan president meeting the Queen despite accusations of war crimes against his government. Additionally, it mentions a security company involved in an unpaid worker controversy at the Queen's Jubilee being selected to provide fire marshals at the London Olympics.

Uploaded by

api-152749678
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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INSIDE: STEVE RICHARDS/NATALIE HAYNES/PHILLIP BLOND/DEBORAH ROSS/MICHAEL McCARTHY/ANDY McSMITH

The

www.independent.co.uk

SINCE 1986. NUMBER 8006. THURSDAY 7 JUNE 2012 1.20 (1.20)

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Eurozone divided as time runs out for Spain


Bailout now inevitable despite official denials
By BEN CHU Economics Editor The eurozone sovereign debt emergency showed no signs of abating yesterday as the Spanish government desperately haggled over the terms of its expected bailout and the European Central Bank refused to ease monetary policy for the currency bloc, despite signs of stricken European economies sinking still deeper into recession. Madrids Economy Minister, Luis de Guindos, insisted once again he was not making any plans to follow Greece, Portugal and Ireland in requesting a bailout from the European Union and the International Monetary Fund. But, behind the scenes, Spanish ministers accept that an external rescue of the countrys beleaguered banking sector is now necessary. Spain is trying to continued on PAGE 6

AND WHAT DO YOU DO? I RUN A GOVERNMENT ACCUSED OF WAR CRIMES AGAINST ITS PEOPLE

Sri Lankan President Mahinda Rajapaksa, whose troops are accused by the UN of killing thousands of civilians, meets the Queen for her Commonwealth lunch, while protesters rally outside on Pall Mall REUTERS Report, PAGE 12

Firm in row over unpaid stewards for Jubilee to have Olympic fire safety role

By KEVIN RAWLINSON, MARTIN HICKMAN and TOM PECK The security company embroiled in the row over unpaid workers at the Queens Jubilee celebrations has been given a leading role in fire safety at the London Olympics, The Independent has learnt. Close Protection UK will supply fire

marshals to the Games next month after winning a competitive tendering process. It also emerged that over the past four years, Molly Prince, Close Protection UKs managing director, has headed five firms CPUK.com (which is a different company to Close Protection UK), Voluntary Event Services, Angel Event Solutions, Event Safety Solutions and Venusec which filed no continued on PAGE 2

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