About: banking crisis Archives
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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.
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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.
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How to lift Greece’s capital controls?
It is a headache Greece's government does not need right now - how can it loosen the capital controls that are shielding its banks, but strangling the rest of the economy?
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Inequality in Europe: Tackling the income and wealth gap
Austerity measures adopted in the past years have widened inequality in terms of income and wealth within and between EU countries.
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UK must tackle diminishing influence in EU, says House of Lords
Britain's clout in the European Union is weakening, just when plans for a capital markets union present a "golden opportunity" for London's financial sector, UK lawmakers said on Monday (2 February).
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French, British banks press EU to revise bank reform plans
French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies.
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Spain to wait for stress tests before more Bankia stake sales
Spain will hold off on selling more of its controlling stake in lender Bankia until the results of Europe-wide bank stress tests in October, Economy Minister Luis de Guindos said in an interview published on Sunday.
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Montebourg urges alternative to German austerity
The time has come for France to resist Germany's "obsession" with austerity and promote alternative policies across the eurozone that support household consumption, firebrand French Economy Minister Arnaud Montebourg said on Sunday.
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Portugal rescues third largest bank, testing euro zone resilience
Portugal has announced it will spend €4.9 billion to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
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Brussels mulls levy on financial industry to fund watchdogs
In an attempt to save taxpayers' money, the European Commission is considering a levy on the financial industry to fund the EU markets, banking and insurance watchdogs.
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Greens vow to push for bank ring-fence after EU elections
SPECIAL REPORT / The European Greens will push for a compulsory ring-fence between banks' riskier investment banking and retail activities, such as mortgages and lending to small businesses, after the European elections.
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Troika-imposed privatisation plan leaves Cyprus in the dark
Rolling power cuts are taking place throughout the Republic of Cyprus yesterday (25 February) as part of protest measures by the Electricity Authority of Cyprus (EAC) against government plans to privatise semi-governmental organisations, as agreed with the Troika of lenders.
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Spain, Ireland to quit EU bailouts
Spain will exit a financial aid programme for its banking sector from January next year, without drawing more European funds.
The announcement came after an agreement by eurozone finance ministers in Brussels on Thursday.
Earlier this year, Spain borrowed €41 billion from an EU-IMF bailout package to rescue several inderet banks from the collapse of a property and construction bubble. -
Spain quits EU’s aid programme for its banking sector
Eurozone finance ministers agreed yesterday (13 November) to allow Spain to exit an aid programme for its banking sector in January without drawing more European funds.
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Eurozone leaders snub Cyprus’ request for new bailout terms
Eurozone officials have no intention of changing the terms of a bailout for Cyprus, rejecting calls by Cypriot President Nicos Anastasiades who had asked for adjustments to be made to the rescue plan.
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New Slovenian prime minister denies bailout speculation
On her first visit to Brussels as Slovenian prime minister, Alenka Bratušek on Tuesday (9 April) sought to downplay reports that the eurozone country would be the next in line to seek a bailout.
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New Slovenian prime minister denies bailout speculation
On her first visit to Brussels as Slovenian prime minister, Alenka Bratušek on Tuesday (9 April) sought to downplay reports that the eurozone country would be the next in line to seek a bailout.
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Cypriot banks reopen but brace for run on cash
Cypriots were preparing to descend on banks, which reopen Thursday (28 March) with tight controls imposed on transactions to prevent a catastrophic bank run.
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Small investors take a hit for Spain’s Bankia rescue
EU regulators will order shares of Spain's Bankia be valued at just €0.01 each, a European Commission source said on Tuesday (5 March), meaning shareholders including thousands of ordinary Spaniards will be hit hard in a debt-for-equity swap to boost the bank's finances.
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Spain puts the heat on eurozone
Spain paid the second highest yield on short-term debt since the birth of the euro at an auction yesterday (24 July), prompting market watchers to warn that such levels aren't sustainable and that the EU’s fourth largest economy will need a bailout the eurozone can barely afford.
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Political hurdles cleared in Spanish bank bailout
The Eurogroup today (20 July) announced it would grant a bailout of up to €100 billion to Spain to help the country recapitalise its banks, following a telephone conference call during which finance ministers gave their backing to the rescue plan.
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Commission welcomes new austerity measures in Spain
A Commission spokesman welcomed yesterday (11 July) the new austerity measures announced by Spanish Prime Minister Mariano Rajoy, but social unrest appears to be a factor to watch in the EU’s fourth largest economy. EURACTIV Spain contributed to this article.
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Cyprus to get bailout from EU, Russia: President
Cyprus President Demetris Christofias said today (5 July) that his country, which has just taken over the rotating EU presidency, would seek financial assistance from both the European Union and Russia. While EU conditions were harsh, Moscow’s help was “not forbidden by EU law” and has no strings attached, he said. EURACTIV.com reports from Nicosia.
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Belgian KBC bank pushes Slovenia towards bailout
Slovenia appears to be on its way to becoming the sixth eurozone country to request an EU bailout as it seeks to prop up its struggling banking sector, including the country’s largest bank that is partly owned by Belgium’s KBC.