From Sri Lanka to Spain, this week’s selection of images submitted to Your View depict a wide range of religions. Buddhist Sri Lankans lit candles to mark Vesak Day to honor the birth, enlightenment and death of Buddha, whereas penitents in Spain marked Holy Week with a procession.
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S&P cut BNP Paribas’ long-term credit rating to AA-minus
from AA as it revised France’s banking industry country risk
assessment, or BICRA, to Group 2 from the lower-risk Group 1.”We see weaker economic prospects for Europe, including the
peripheral countries to which some French banks are
significantly exposed,” S&P said in a statement. “We expect
lower earnings due to this more difficult environment and
higher funding costs.”The ratings agency, which downgraded 10 Spanish banks two
days ago, including giants Santander and BBVA, said it believes
French banks will increase their capital ratios by 2013.”But until then we are placing more emphasis on their
currently moderate capital positions in our ratings,” it said.Despite that, S&P affirmed the ratings of the other four
largest French banks — BPCE, Credit Agricole , Credit
Mutuel and Societe Generale — saying it expects
extraordinary government support for them.The outlook on all five banks is stable, S&P said.
S&P cut BNP Paribas’ long-term credit rating to AA-minus
from AA as it revised France’s banking industry country risk
assessment, or BICRA, to Group 2 from the lower-risk Group 1.”We see weaker economic prospects for Europe, including the
peripheral countries to which some French banks are
significantly exposed,” S&P said in a statement. “We expect
lower earnings due to this more difficult environment and
higher funding costs.”The ratings agency, which downgraded 10 Spanish banks two
days ago, including giants Santander and BBVA, said it believes
French banks will increase their capital ratios by 2013.”But until then we are placing more emphasis on their
currently moderate capital positions in our ratings,” it said.Despite that, S&P affirmed the ratings of the other four
largest French banks — BPCE, Credit Agricole , Credit
Mutuel and Societe Generale — saying it expects
extraordinary government support for them.The outlook on all five banks is stable, S&P said.
Since receiving an IMF-EU bailout last year, Ireland has
been praised for swiftly implementing austerity measures and
recapitalising its banks, but property prices, which have fallen
more than 50 percent in some areas, continue to slide.Ireland’s National Housing Development Survey said there
were now 2,066 unfinished housing developments around the
country, down from the 2,876 recorded last year.More than 7,000 dwellings on the estates that were vacant in
2010 are now occupied, but the survey did not say whether this
was as a result of sales or rentals.Ireland’s junior minister for housing said only eight units
in three separate estates had been cleared for demolition.”This is a last resort option. It’s on a case by case basis
and ultimately they may have to be taken down for safety
issues,” Willie Penrose told a news conference.”I believe one of the consequences though is that some of
the residents in one particular area gained significantly
because the land became an amenity.”