About: banking crisis

Brexit 23-02-2018

Bulgarian presidency seeks to ease new rules on foreign banks

The European Union has been urged by its Bulgarian presidency to ease proposed new regulations on foreign banks within the block to bring them in line with US requirements, EU documents showed yesterday (22 February).
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.