Article | May 21, 2012 - 11:51am
In an unexpected way, the issue of a bank run in the Eurozone was raised in the G8 summit at the weekend, with remarks ranging from scaremongering to 'advices', about how the new European Stability Mechanism (ESM) should act as lender of last resort for Eurozone's banks.
In an unexpected way, the issue of a bank run in the Eurozone was raised in the G8 summit at the weekend, with remarks ranging from scaremongering to 'advices', about how the new European Stability Mechanism (ESM) should act as lender of last resort for Eurozone's banks.
Blog entry | May 21, 2012 - 10:54am
ROME – Increasingly, one hears predictions that the euro will go the way of the gold standard in the 1930s. And, increasingly, the reasoning behind such forecasts seems persuasive. But does that mean that the euro doomsayers are right?
ROME – Increasingly, one hears predictions that the euro will go the way of the gold standard in the 1930s. And, increasingly, the reasoning behind such forecasts seems persuasive. But does that mean that the euro doomsayers are right?
Article | May 18, 2012 - 1:12pm
The rating agency Moody's downgraded today, Friday 18 May, 16 Spanish banks, as it did yesterday for 24 Italian lenders.
Earlier on the agency had downgraded four regions of Spain. Moody's cut down the grade of some of those Spanish banks by three notches. The agency said that this was due the the increasing danger of the Spanish economy entering in a recession and also because of the limited character of the measures the Madrid government introduced to support the country's ailing banking industry.
Article | May 17, 2012 - 9:06am
The Ecofin council of the European Union, comprising the 27 ministers of finance have approved a huge package of new rules regulating the business environment in which operate 8,300 banks.
The Ecofin council of the European Union, comprising the 27 ministers of finance have approved a huge package of new rules regulating the business environment in which operate 8,300 banks.
Article | May 17, 2012 - 3:48pm
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation.
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation. The largest part of it however will be born by the other weak Eurozone countries. There will be also huge losses for central countries like France, Germany and Holland due to the exposure of their lenders to the Greek banking system.
Article | May 11, 2012 - 4:39pm
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Blog entry | April 29, 2012 - 10:18pm
After two days of meetings and bilateral negotiations, politicians and central bankers in the Spring joint conferences of the International Monetary Fund and the World Bank concluded that all their efforts to save the Eurozone and the world from the worst will be tested in the market, over the coming weeks and months.
Article | April 23, 2012 - 12:06pm
After two days of meetings, politicians and central bankers attending the Spring joint conferences of the International Monetary Fund and the World Bank concluded that all their efforts to save the Eurozone will be tested in the market.
After two days of meetings and bilateral negotiations, politicians and central bankers in the Spring joint conferences of the International Monetary Fund and the World Bank concluded that all their efforts to save the Eurozone and the world from the worst will be tested in the market, over the coming weeks and months.
Article | April 18, 2012 - 3:35pm
Over the past months, and more precisely from the moment that the Eurozone drafted its Fiscal Pact, to impose zero primary deficits to governments signing it, there is a growing negative criticism that such a prospect will suffocate growth.
Article | April 8, 2012 - 8:16pm
After a meeting of the Central Bank of Turkey Monetary Policy Committee (PPK), it was announced that bank has decided to retain its benchmark one-week repo rate.
Blog entry | April 3, 2012 - 11:26am
NEWPORT BEACH – The international community risks settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering (if currently somewhat dormant) European debt crisis, and the selection of the World Bank’s next president.
NEWPORT BEACH – The international community risks settling for second best on two key issues to be discussed this month at global meetings in Washington, DC: the lingering (if currently somewhat dormant) European debt crisis, and the selection of the World Bank’s next president. It is not too late to change course, but doing so will require the United States and governments in Europe to resist harmful habits, and emerging countries to follow up effectively on recent initiatives.
Article | April 1, 2012 - 7:27pm
Sometimes seen as an old-fashioned business model, cooperative banks have succeeded in strengthening their position since the crisis in the financial sector, Swiss Info reported.
Sometimes seen as an old-fashioned business model, cooperative banks have succeeded in strengthening their position since the crisis in the financial sector, Swiss Info reported.
Article | March 27, 2012 - 1:09pm
On 27 March, the Organisation for Economic Cooperation and Development (OECD) released its report on the Eurozone. Its overall assessment for the single European money economic zone was that the Eurozone has not overcome yet the debt and fiscal crisis, and there is a lot more work still to be done.
On 27 March, the Organisation for Economic Cooperation and Development (OECD) released its report on the Eurozone. Its overall assessment for the single European money economic zone was that the Eurozone has not overcome yet the debt and fiscal crisis, and there is a lot more work still to be done.
According to the OECD, Eurozone banks must also overcome the crisis because the European Central Bank liquidity assistance had not solved problems related to their needs for capitalisation.
