About: banking crisis

Economy & Jobs 26-06-2017

Italy coughs up €17bn to deal with two troubled banks

Italy will pay up to €17 billion to break up two insolvent Venetian banks, which have posed a threat to the country's banking system, the government announced Sunday (25 June).

Banking union 19-05-2017

Dombrovskis adds pressure to adopt deposit guarantee scheme

Amid persistent doubts over some pockets of the banking system, European Commission Vice-President Valdis Dombrovskis, urged reluctant member states to accept the EU proposal to set up a common deposit guarantee scheme.

ETUC: Wages in Europe are too low

The gap between the rich and ‘the rest’ is growing, European Trade Union leaders warned as Europe struggles to recover from the 2009 crisis that wiped 10% of it’s economy.

Elections 23-01-2017

Italy reviews new electoral law as old problems pile up

After a turbulent first month in office, Prime Minister Paolo Gentiloni could learn this week how much longer his government might last when the constitutional court reviews the validity of Italy's election law.

Euro & Finance 04-01-2017

Spain’s banks recover but toxic assets remain

Hit by a severe crisis several years ago, Spain's banking sector has recovered, but at a cost, as thousands are laid off and it struggles to get rid of toxic assets.

Euro & Finance 03-01-2017

Slovak PM Fico urges end to referendum ‘adventures’ in EU

Slovakia's Prime Minister Robert Fico urged other European leaders on Monday (2 January) to stop calling referendums on domestic issues, saying they posed a threat to the EU and to the euro.

Euro & Finance 02-01-2017

German think tank: Italy risks quitting eurozone

The head of Germany's Ifo economic institute believes Italians will eventually want to quit the euro currency area if their standard of living does not improve, he told German daily Tagesspiegel (1 January).

Euro & Finance 23-12-2016

Italian government approves decree to rescue Monte dei Paschi

The Italian government approved a decree early on Friday (23 December) that will open the way for the rescue of Monte dei Paschi di Siena after the world's oldest bank failed to win backing from investors for a vital capital increase.

Euro & Finance 16-12-2016

Sources: Italy prepares to pump €15 bln into ailing banks

Italy's government is ready to pump €15 billion into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail.

Euro & Finance 15-12-2016

Juncker: Italy’s banking problems can be solved, EU will help

Italy's banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said yesterday (14 December), dismissing fears of something akin to the euro crisis.

Elections 13-12-2016

Italy ‘strong, optimistic’ as new cabinet sworn in

Italian Prime Minister Paolo Gentiloni's new cabinet was officially sworn in yesterday (12 December) as the eurozone's third largest economy raced to reassure Europe its political crisis was over.

Euro & Finance 02-11-2016

MEPs seek to water down EU bank deposit guarantee plan

European lawmakers plan to water down a European Commission plan to guarantee bank deposits, according to a draft report seen by Reuters, throwing up another hurdle to regulators' plan to boost savers' confidence and the financial sector.

Euro & Finance 13-10-2016

Joy and despair in European statistics

Europe needs more than temporary growth to boost its economy, write George Friedman and Antonia Colibasanu.

Euro & Finance 06-10-2016

IMF officials downplay risk of imminent Deutsche Bank crisis

International Monetary Fund officials sought to play down the risk of an imminent crisis over Deutsche Bank yesterday (5 October) and expressed confidence that German and European authorities were working to ensure stability.

Euro & Finance 12-07-2016

Civil servants join call to cut Barroso’s EU pension after Goldman Sachs hire

The main trade union of EU civil servants has added its voice to the chorus of politicians demanding that the European Commission take an "appropriate decision" on José Manuel Barroso's new position at Goldman Sachs. EURACTIV France reports.

Elections 20-06-2016

Renzi suffers vote setback as Five Star makes big breakthrough

Italian Prime Minister Matteo Renzi was trounced by the anti-establishment Five Star Movement in local elections in Rome and Turin on Sunday (19 June), clouding his chances of winning a do-or-die referendum in October.

Euro & Finance 12-04-2016

Italy launches €5 billion fund to help weaker banks

Italian financial institutions have agreed to set up a €5 billion fund to shore up weaker banks, in a state-orchestrated plan to avoid a crisis in the eurozone's fourth-biggest banking sector.

Euro & Finance 16-02-2016

Gesine Schwan: Refugee crisis has exposed EU’s ‘pseudo-solidarity’

Whether it’s the refugee or financial crisis, Germany always stands in the way of European solidarity, endangering the entire EU, warned Gesine Schwan in an interview with EURACTIV Germany.

Future EU 11-02-2016

Renzi attacks EU’s ‘therapeutic obstinacy’ with austerity

Italian Prime Minister Matteo Renzi has compared Europe's recent economic policies to administering drugs, in order to artificially prolong the life of a terminally ill patient.

Pier Carlo Padoan
Euro & Finance 27-01-2016

Italy averts banking crisis with EU deal on bad loans

Italy and the European Union reached agreement on Tuesday (26 January) to help Italian banks sell bad loans, averting a major banking crisis which had been brewing for over a year.

Beware of Italy’s banking crisis

The looming banking crisis in Italy spells trouble not just for Europe’s fourth largest economy, but also for the EU and an already sputtering global economy, writes Jacob Shapiro for Geopolitical Futures .

Renzi clash with Juncker and Merkel escalates

The tensions between Rome and Brussels have intensified, with a tough exchange of words in the light of the unfolding refugee crisis, and a looming banking crisis in Italy.

Enlargement 15-01-2016

George Friedman: The EU is increasingly unreliable and unpredictable

The United States has a partnership with Europe, but it can no longer think of NATO as the mechanism by which it is related to Europe, George Friedman told EURACTIV in an exclusive interview.

Closed bank, Greece.
Euro & Finance 02-11-2015

Greek banks must find up to €14.4bn after ECB stress test

Four major Greek banks must find up to €14.4 billion to survive potential economic shocks, the European Central Bank said, releasing the results of an in-depth financial health check.