When Secretary of State Hillary Clinton arrived in Cairo on a visit to Egypt, she was greeted by a hail of shoes and tomatoes from protesters, and was taunted with chants of “Monica, Monica, Monica”. Mrs. Clinton said that the United States will not choose sides in Egypt’s internal political affairs.
In other news, the Spanish government has effectively taken control of the troubled Bank of Valencia. It now owns 90% of the bank’s stock, and has injected €1 billion into it from its bank restructuring fund, in an attempt to keep the Bank of Valencia from going under.
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