About: financial crisis

Economy & Jobs 03-01-2018

Most member states unprepared for sweeping new financial market rules

A sweeping overhaul of EU financial market rules went into effect on Wednesday (3 January), but only 11 member states met the deadline to start applying the new rules.
Economy & Jobs 02-03-2017

French senator: ‘All the ingredients of a new financial crash are in place’

Ten years after the sub-prime mortgage crisis threatened to destroy the global financial system, conditions in France are ripe for another financial crash, according to a recent senate report. EURACTIV’s partner La Tribune reports.
Euro & Finance 09-02-2017

‘Grexit’ reemerges as IMF and eurozone continue Greek debt squabble

Greece should leave the eurozone and then be given debt relief, the head of Germany's pro-business Free Democrats (FDP) told German radio today (9 February), as a dispute between the eurozone, the IMF and Greece itself continues unabated.
Euro & Finance 02-02-2017

ECB’s monetary policy under attack, Brexit scavengers continue to circle UK

The European Central Bank (ECB) is under increasing pressure to exit its loose monetary policy but the Frankfurt bank remains unconvinced by inflation growth. The institution is also looking into cross-border bank mergers, as the rest of Europe eyes the UK's post-Brexit scraps.

Euro & Finance 06-01-2017

Embattled Bank of Cyprus pays off bailout loan

Bank of Cyprus, the Mediterranean island's largest lender and one of the largest casualties of the financial crisis, yesterday (5 December) announced it had paid back in full the €11.4 billion in Emergency Liquidity Assistance it received in an international bailout.
Euro & Finance 20-12-2016

IMF chief guilty of negligence, keeps job

Head of the International Monetary Fund (IMF) Christine Lagarde escaped punishment and kept her job yesterday (19 December) despite being found guilty of negligence over a state payout made while she served as France's finance minister in 2008.
Euro & Finance 12-12-2016

EU tells Spain to privatise two banks, praises financial sector progress

The European Commission and European Central Bank have told Spain that it must complete the privatisation of the Bankia and BMN banking institutions, in order to shore up its financial sector. EURACTIV Spain reports.
Euro & Finance 09-12-2016

Nobel economics prize winner: ‘The euro was a mistake’

The European Union should embark on a process of decentralisation and return certain areas of decision making to the member states if it wants to survive and thrive, according to Nobel Memorial Prize in Economic Sciences winner Oliver Hart. EURACTIV Spain reports.
Enlargement 30-11-2016

Balkan candidates hope to reinvigorate EU bids with new strategy

Enlargement has fallen off the EU’s list of priorities and the Union is more than likely to shrink before it grows again. But the Western Balkans are still aspiring EU members and a new strategy has been developed that hopes to put them back on Brussels’ immediate agenda.
Euro & Finance 21-11-2016

ECB chief outlines three risks still facing Eurozone recovery

The profitability of European banks, weak inflation and the recovery's dependence on accommodating monetary policy are the three immediate risks facing the Eurozone, Mario Draghi has said. EURACTIV’s partner Milano Finanza reports.
Euro & Finance 15-11-2016

Trump, Wall Street and the banks: Massive deregulation ahead

Donald Trump’s promise to cut red tape in the financial sector is one of the few areas the president-elect has been consistent. Despite his anti-Wall Street rhetoric, the billionnaire is close to America's financial hub. EURACTIV's partner La Tribune reports.
Euro & Finance 10-10-2016

German companies touted as possible Deutsche Bank saviours

Germany's biggest companies could band together to save struggling financial powerhouse Deutsche Bank from slipping further into crisis. It’s an option that could rule out the need for a public bailout. EURACTIV’s partner La Tribune reports.
Euro & Finance 26-09-2016

Deutsche Bank plunges to historic low

Fears that Deutsche Bank will have to raise capital, in order to pay its US Justice Department fine for misselling subprime mortgages, have seen it suffer badly. Angela Merkel has ruled out state aid. EURACTIV’s partner Milano Finanza reports.
Energy 13-09-2016

Workers will lose jobs in green revolution, admits EU’s energy boss

Workers will lose their jobs as Europe shifts to a green economy, European Commission Vice-President Maroš Šefčovič has admitted, amid warnings the world faces political and economic turmoil not witnessed since the 1930s.
Future EU 19-07-2016

Barcelona Mayor: ‘Rebel’ cities must tackle Brussels on refugee crisis

Barcelona's mayor, Ada Colau, has criticised Brussels' response to situations like the refugee crisis and denounced the EU for being "interest-based", calling for a network of cities to be set up to “better represent the people”. EURACTIV Spain reports.
Global Europe 22-06-2016

Nationalist MEP blames Soros for EU migration crisis

French MEP Jean-Luc Schaffhauser has blamed billionaire George Soros for having financed the “humanitarian infrastructures” that helped open Europe’s doors to uncontrolled flows of migrants, and for making money from the EU’s destabilisation.
Euro & Finance 19-05-2016

Portugal seeks exemption from EU state aid rules to help banks

The president of Portugal's central bank wants to mimic what has been done in Italy and has asked for exemption from EU state aid rules so that a mechanism for purchasing non-performing loans can be set up. EURACTIV’s new partner Milano Finanza reports.

Child poverty rising in Spain, contradicting recovery claims

Spain is facing rising levels of child poverty as its economic recovery fails to bridge a growing gulf between rich and poor, storing up problems for an already-strained social security system.
Euro & Finance 30-10-2015

MEPs approve rules shining a light on ‘shadow banking’

Financial transactions using shares, or other assets, to secure credit, will come under greater scrutiny after the European Parliament approved a new law on Thursday (29 October) on the 'shadow banking' sector.
Euro & Finance 23-10-2015

Monti: Ignoring the Greek referendum was a violation of democracy

By disregarding the resounding 'No' of the recent Greek referendum, Alexis Tsipras clearly violated democracy, said the former Italian premier, Mario Monti.
Elections 20-10-2015

Far-right parties always gain support after financial crises, report finds

Extreme and populist right-wing parties have always been the biggest political beneficiaries of financial crises, according to a new study. EURACTIV Germany reports.

British bankers call for review of EU financial services laws

British bankers have called for a review of post-crisis financial services laws, as part of reforms for better regulation from Brussels, which include a strengthened role for national parliaments.
Languages & Culture 26-03-2015

Study: Austerity undermines fundamental rights across the EU

Austerity policies in the EU have eroded the poorest citizens' access to education and healthcare. According to a European Parliament report, the situation is most dramatic in Greece. EURACTIV France reports.
Euro & Finance 04-02-2015

Lawmakers fail EU plans to split up large banks

Deep divisions between political groups in the European Parliament are set to sink reforms aimed at preventing banks from being “too big to fail”, a key political objective following the 2008 financial crisis.

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