About: sovereign debt

Banking union 08-11-2019

German plan brings ‘new impetus’ to banking union, Eurogroup says

Finance ministers on Thursday (7 November) welcomed a German initiative to unblock proposals for a common bank deposit guarantee scheme in the eurozone, but questioned Berlin's request to ask additional capital buffers in return for banks holding sovereign debt.
Banking union 29-03-2019

Lagarde urges European leaders to agree on common guarantee for savings

The Managing Director of the International Monetary Fund, Christine Lagarde, called on eurozone leaders on Thursday (28 March) to complete the banking union by reaching an agreement on the European Deposit Insurance Scheme (EDIS).
Economy & Jobs 03-09-2018

Italy sends mixed signals to jittery markets after debt downgrade

Italy's new anti-establishment government sent contradictory signals to financial markets on Sunday (2 September) amid increasing concern Rome could breach EU spending limits as it comes under pressure to fulfil its anti-austerity electoral promises.
Economy & Jobs 05-06-2018

Commission hails similarities with Merkel’s eurozone proposals

European Commission Vice-President Valdis Dombrovskis welcomed German Chancellor Angela Merkel’s proposals to strengthen the euro area, noting the similarities between the Bundesrepublik's and EU executive’s ideas on structural reform and investment support.
Economic governance 07-03-2018

Commission passes the ball on sovereign debt rules

European Commission Vice-President Valdis Dombrovskis said on Wednesday (7 March) that he does not intend to amend the regulatory treatment of sovereign debt held by banks following inconclusive discussions at international level.
Jubilee Debt Campaign
Euro & Finance 02-07-2015

Belgium adopts law against ‘vulture funds’

Belgium has passed a law to cap how much so-called "vulture funds" can recoup from government debt bought at rock-bottom prices from countries teetering on the brink of default.
Mario Draghi at the ECB Press Conference in Frankfurt am Main, on 4 Sept. 2014 [ECB/Flickr]
Euro & Finance 09-03-2015

ECB, euro central banks, begin QE stimulus programme

The European Central Bank announced Monday (9 March) that it and the national central banks of the euro area have started buying bonds as part of the long-awaited 1.1 trillion euro quantitative easing programme to stimulate growth and ward off deflation across the single currency area?.
Euro & Finance 20-12-2013

S&P spoils the show at EU leaders’ summit

Standard & Poor's cut its long-term credit rating on the European Union budget to AA-plus from AAA on Friday (20 December), dealing a blow to EU leaders who had congratulated themselves the day before for agreeing the last elements of their banking union plans.
Euro & Finance 15-03-2013

Cyprus bailout talks keep EU negotiators awake in Brussels

EU and IMF officials worked overnight on a rescue package for Cyprus with the aim of presenting the outline of a bailout programme to eurozone finance experts on Friday (15 March) in Brussels, sources said.
Euro & Finance 28-11-2012

EU pushes stricter rules for sovereign debt ratings

Brussels agreed on stricter rules for credit rating agencies which will ultimately try to reduce the over-reliance on external ratings, requiring financial institutions to strengthen their own credit risk assessment. 
Euro & Finance 29-08-2012

Hollande sticks to his guns, calls for EU debt pooling

France’s President François Hollande has insisted that the European Union needed more solidarity and a system for debt mutualisation, a position which fell foul of Germany’s insistence that this should only happen after countries agree to greater fiscal oversight from Brussels. EURACTIV France reports.
Euro & Finance 01-03-2012

EU lawmakers wary over banning sovereign ratings

Banning credit ratings on European Union sovereign debt would be a step too far and fail to row back the financial sector's heavy reliance on ratings, EU lawmakers said on Wednesday (29 February).
Brexit 19-10-2011

EU strikes deal to ban ‘naked’ CDS

Brussels gave green light yesterday (18 October) to ban "naked" credit default swaps (CDS) on sovereign debt in an attempt to curb what some policymakers see as hedge fund bets on the euro zone crisis.
Euro & Finance 13-09-2011

US’ Geithner to attend eurozone meeting as debt fears mount

US Treasury Secretary Timothy Geithner will attend a meeting of eurozone finance ministers in Poland on Friday, as fears of a potential Greek debt default hit Europe's banking sector. Meanwhile, Germany and the EU are trying to reassure jittery markets.

Andor opposes ‘unsustainable’ austerity measures

The EU's commissioner for employment and social affairs has set himself apart from colleagues by decrying "unsustainable" austerity measures "which are clearly not working," and calling for the burden of debt across the EU to be shared more equitably.
Euro & Finance 12-05-2011

EU to back short-selling curbs

European Union finance ministers look set to back a ban on naked or uncovered selling of sovereign debt and shares when they meet next week, diplomats said on Wednesday (11 May). 
Euro & Finance 18-01-2011

Euro zone starts talks on long-term crisis plan

Eurozone finance ministers discussed on Monday (17 January) having more money in their rescue fund and cheaper emergency loans as part of a package of measures to end the sovereign debt crisis. But they made no firm decisions.
Trade & Society 21-12-2010

China urges EU to act on debt, not talk

China urged European authorities to back their tough talk with action on Tuesday (21 December) by showing they can contain the euro zone's simmering debt problems and pull the bloc out of its crisis soon.
Euro & Finance 02-03-2010

France, Germany seek to curb national debt trading

The EU, "driven by France and to a lesser extent Germany," will try to restrict the trading of sovereign debt to those who own the underlying bonds, according to diplomats, who say the move is aimed at preventing a repeat of the Greek crisis elsewhere.

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