. Energy News .




.
MILPLEX
Defence group EADS eyes launching own bank
by Staff Writers
Berlin (AFP) July 14, 2012


The European Aeronautic Defence and Space Company (EADS) is considering launching its own bank to better manage its accounts, the new chief of subsidiary Airbus said in an interview.

"Our parent company EADS is currently studying the possible advantages of founding our own bank," Fabrice Bregier told the Sunday edition of German newspaper Die Welt.

"EADS, with some 10 billion euros ($12 billion), has strong accounts and does everything to keep its liquid assets protected. Holding a banking licence would perhaps give us more options."

A banking licence would enable the multinational aerospace and defence group to deposit cash directly into the European Central Bank, without using traditional banks that are exposed to the eurozone debt crisis.

Bregier, who became Airbus chief executive after predecessor Tom Enders took over as head of the EADS group in May, also said Airbus does not have an emergency plan in case of a eurozone implosion because it would be impossible to predict the effects.

"We've obviously spoken with banks and a series of advisors. But even they don't know what would happen, in concrete terms," he said.

"The only thing everyone agrees on is to say that it would be painful all around."

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



MILPLEX
U.N. blasted for using security firms
New York (UPI) Jul 11, 2012
The United Nations is facing criticism it is spending millions on inappropriate links with private military and security companies, some of whom are accused of human rights violations. Global Policy Forum, a non-profit organization that monitors U.N. conduct, in a report criticized the world body's growing use of private military and security companies, a practice it called "dangerous." ... read more


MILPLEX
New eyes in the sky

IGARSS 2012 - 'Remote Sensing for a Dynamic Earth'

MSG-3 set to ensure quality of Europe's weather service from geostationary orbit

Images in an Instant: Suomi NPP Begins Direct Broadcast

MILPLEX
SSTL signs contract with OHB for second batch of Galileo payloads

Phone app will navigate indoors

Announcement of ACRIDS product line for Precision Airdrop Systems

SSTL announces exactView-1 satellite launch date

MILPLEX
Rising CO2 in atmosphere also speeds carbon loss from forest soils

Taiwan indicts loggers for axing 2000-year-old trees

Study Slashes Deforestation Carbon Emission Estimate

Scientists develop first satellite deforestation tracker for whole of Latin America

MILPLEX
New Cuban biodiesel looks to 'bellyache bush'

White rot fungus boosts ethanol production from corn stalks, cobs and leaves

AFPM Testifies on Concerns of the Renewable Fuel Standard and RIN Fraud

BIO Responds to Petroleum Refiners' Criticism of US Navy Demonstration of Advanced Biofuels

MILPLEX
Solar3D Global Market Impact More Than 6 Billion dollars

Soluxe Solar Applauds Accomplishment of "Fuel-less Flight"

Solar Community Installs Solar System on San Antonio Porsche Dealership

VERSOLSOLAR Provides Solutions for Reducing Total Costs of PV Plant Construction

MILPLEX
Italian police seize giant wind farm in mafia probe

GL Garrad Hassan releases update of WindFarmer 5.0

U.S moves massive wind farm plan forward

Belgium wind farm a go after EIB loan

MILPLEX
Huge Australian coal mine wins conditional approval

Russia expands presence on Spitsbergen

Australia scraps coal port expansion

Trapped China miner found after 17 days: state media

MILPLEX
China protests use health threats as rallying cry

Censors catch up with China's 'micro film' movement

Hong Kong property tycoons charged with graft

Activists reject Chinese dissident suicide verdict


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement