Tag: finance

The City of London should no longer be the euro's main financial centre so the eurozone can "control" most financial business in the region, France's central bank governor said in an interview published on Monday (3 December).

The next EU step for Poland should be joining the eurozone within three to five years. It would be dangerous for the EU if Poland does not take that step, says Aleksander Kwaśniewski.

Commissioner for the Single Market Michel Barnier is expected to bring forward changes to his market abuse directive and regulation within the coming weeks, the Financial Times said Monday.

The gap between non-governmental organisations and international financial institutions must be bridged if global environmental and social problems are to be resolved, says Cédric du Monceau in an interview with EurActiv.

Business groups are urging the EU to extend a series of support mechanisms which were temporarily introduced two years ago to prop up the small business sector, warning that SMEs remain in crisis mode due to difficulties accessing finance.

The EU needs an NGO active on financial services issues to counteract the huge power of the banking sector lobby, French Green MEP Pascal Canfin told EurActiv France in an interview, calling for the establishment of a 'Greenpeace of finance'.

Executives from Merrill Lynch and Goldman Sachs spoke alongside former world leaders in Copenhagen yesterday (16 December) to promote private finance as a way of helping poor nations switch to low-carbon energy sources. EurActiv reports from the Danish capital.

The US must not do less than the EU to cut greenhouse gas emissions, said in an exclusive interview with EurActiv Rajendra Pachauri, chair of the UN's Intergovernmental Panel on Climate Change, which received the Nobel peace prize in 2007 together with former US vice-president Al Gore.

French-speaking countries gathered over the weekend for a major summit in Canada "unanimously" backed French President Nicolas Sarkozy's demand for multinational talks to revamp the global financial system.

Gaps remain in the European and global supervisory architecture following unacknowledged "clear shifts" in the structure of financial institutions over the past year, according to Karel Lannoo, the CEO of the Centre for European Policy Studies (CEPS).

Private banks can be more efficient than state-owned institutions - although in poor countries, ineffective rules and regulations are a problem, according to research by the UK's University of Leicester and Brunel University.

In his column “Voice from Brussels”, published in Finanzplatz Nr. 4, July 2006, Ralf Fischer zu Cramburg explains the current debate about the investor’s right to demand information in the EU directive on exercising voting rights.

This book, entitled 'The People’s Game? Football, Finance and Society' (2003, Palgrave), provides a wide-ranging study of some of the concerns currently at the heart of debates about the governance and structure of club football in Europe. The author, Stephen Morrow, is a chartered accountant and a member of the Institute for Sports Research at Stirling University.

The UK, France, Germany, Spain and Italy have all told the Commission that their national football clubs are not benefiting from any illegal state aid.