Financial operators on the fringes of the traditional bank system could be made to hold more capital and mainstream banks forced to limit exposure to risk in the $60 trillion (38,07 trillion pound) shadow banking sector, a draft EU paper showed.
01/26/2012
— Filed under: Finance
Tags: banking, European Commission
The European Union is likely to take action against Spain’s newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation have told Reuters.
01/25/2012
— Filed under: Finance
Tags: monetary affairs, Spain
Wen raises prospect after meeting German chancellor
01/18/2012
— Filed under: Finance
Tags: EU, funding possible
Greece needs about an extra 15 billion euros to get its debt down to manageable levels — and the rest of 17-country eurozone is being asked to help foot the bill.
01/17/2012
— Filed under: Finance
Tags: EU, Greece, inbestors
European countries are focusing too much on short-term tactics, and not enough on long-term strategy in their attempts to bolster the continent’s economies, World Bank President Robert Zoellick said on Friday.
01/9/2012
— Filed under: Finance
Tags: reforms, World Bank
Exchange traded funds must disclose whether they lend out securities and give greater detail on the collateral they hold, the European Union’s market watchdog (ESMA) proposed on Monday.
01/7/2012
— Filed under: Finance
Tags: ETF, EU
In a nearly $20-billion package of spending cuts and tax increases passed by the parliament, the government moved most holidays away from midweek to Mondays to cut off time and increase productivity.
01/2/2012
— Filed under: Finance
Tags: debt crisis, Spain
European finance ministers on Tuesday ordered Greece and Spain to swiftly get debts under control as a recession threatened to undermine efforts to end a two-year crisis.
01/1/2012
— Filed under: Finance,Politics
Tags: debt, Greece, Spain
U.K. banks should pay lower bonuses and retain the money to help strengthen their balance sheets, Deputy Prime Minister Nick Clegg said.
12/27/2011
— Filed under: Finance
Tags: banks, economy, U.K.
Spain’s new government needs to enact more reforms to cut the country’s joblessness levels and its fiscal deficit, the EU’s top economic official said on Wednesday, stressing that youth unemployment was a big worry.
12/23/2011
— Filed under: Finance
Tags: budget, http://www.reuters.com/article/2012/01/11/eu-spain-deficit-idUSB5E7N500820120111, Spain