Monday, 22 December 2014


"A Spanish judge has ordered Princess Cristina, the sister of Spain’s King Felipe VI, to stand trial for alleged tax fraud, marking the first time a royal family member would be tried in court.

On Monday, Judge Jose Castro on the Spanish island of Mallorca said Christina faces two counts of acting as an accessory to tax fraud over alleged links to business dealings by her husband Iñaki Urdangarin.

Christina’s husband and his former business partner Diego Torres are accused of embezzling millions of euros in public funds through a non-profit institute. Urdangarin, the duke of Palma de Mallorca, allegedly diverted around 6 million euros (8.1 million dollars) of public funds through the institute, which was in his charge from 2004 to 2006.  

Cristina, who was allegedly fully aware of her husband’s criminal actions but did nothing to notify the authorities, has denied all charges related to the case. Urdangarin has also denied any wrongdoing.

Last month, the high court on the island of Mallorca dismissed money-laundering charges against Cristina."  Continues

"China Offers Russia Help With Currency Swap Suggestion

Two Chinese ministers offered support for Russia as President Vladimir Putinseeks to shore up the ruble without depleting foreign-exchange reserves.
China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying in Bangkok in a Dec. 20 report by Hong Kong-based Phoenix TV. Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, according to the broadcaster.
While the offer won’t relieve the main sources of pressure on the ruble -- capital outflow tied to plunging oil prices and sanctions linked to Russia’s annexation of Crimea from Ukraine - - the currency gained 3.1 percent against the dollar by 12:37 p.m. in Moscow. TheMicex Index (INDEXCF) was little changed, and the yield on Russia’s 10-year bond fell 30 basis points to 13.3 percent, according to data compiled by Bloomberg."  Continues.
Op. #OTB Has Started 99% HEROES WANTED! :-)

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