About: banking crisis
So you think the banking crisis is over? Sorry to spoil your Christmas!
The stock market is flashing ever-stronger orange about the health of Europe’s banks. Yet the regulatory community tells us good news about its capital strength – despite unsustainably low profitability. Fingers crossed for a muddle through!
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).
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).
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
Joy and despair in European statistics
Europe needs more than temporary growth to boost its economy, write George Friedman and Antonia Colibasanu.
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.
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.
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.
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.
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.
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.
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 .