Finance and Monetary Affairs in the EU http://eubusiness.com Latest business news about Finance and Economic and Monetary Affairs in the European Union daily 1 2007-01-02T13:22:44Z Eurozone leaders to meet for financial crisis summit http://eubusiness.com/news-eu/1223662622.34 Eurozone leaders gather Sunday for a summit on the financial crisis, as they race to make joint plans to help battered banks after weeks of separate national interventions. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline1 Finance European Council 2008-10-10T20:58:05Z News Item Spain calls for urgent euro-zone summit http://eubusiness.com/news-eu/1223645521.88 Spanish Prime Minister Jose Luis Rodriguez Zapatero urged French President Nicolas Sarkozy on Friday to call an urgent meeting of euro-zone leaders to confront the global financial crisis. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Euro 2008-10-10T14:43:55Z News Item Spanish government approves 30-billion-euro bank fund http://eubusiness.com/news-eu/1223640121.47 Spain's socialist government on Friday approved the creation of a 30-billion-euro emergency fund to buy mortgage debt from banks in a bid to stabilize the lending industry and unfreeze credit. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. banking Spain 2008-10-10T18:09:48Z News Item Euro-MPs urge clampdown on bankers' bonuses http://eubusiness.com/news-eu/1223567222.17 Members of the European Parliament added to growing calls in Europe for the screws to be tightened on bankers' massive bonuses to discourage them from taking excessive risks. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline1 banking European Parliament 2008-10-09T16:07:34Z News Item EU should avoid unilateral steps in financial crisis: IMF http://eubusiness.com/news-eu/1223561822.87 The head of the International Monetary Fund, Dominique Strauss-Kahn, said on Thursday that European Union countries should work together and avoid unilateral steps to fight a global financial crisis. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline Finance 2008-10-09T15:28:08Z News Item US economy nears recession: EU monetary affairs chief http://eubusiness.com/news-eu/1223554633.21 It appears increasingly likely that the US economy will enter into a recession, European Union Monetary Affairs Commissioner Joaquin Almunia said on Thursday. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Finance US 2008-10-09T13:20:33Z News Item Czech PM slams EU action on financial crisis: report http://eubusiness.com/news-eu/1223547421.95 The European Union is showing total inability to tackle the current situation on financial markets in a rational way, Czech media quoted Czech Prime Minister Mirek Topolanek as saying Thursday. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Czech Republic Finance 2008-10-09T11:18:04Z News Item No easy solutions to financial crisis: EU monetary affairs chief http://eubusiness.com/news-eu/1223546529.1 The are no easy or quick solutions to the global financial crisis, European Union Commissioner for Economic and Monetary Affairs Joaquin Almunia said on Thursday. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline Commission Finance 2008-10-09T14:08:09Z News Item Estonia raises bank deposit guarantee to 50,000 euros http://eubusiness.com/news-eu/1223546521.77 Estonia more than doubled its bank deposit guarantee to 50,000 euros (68,000 dollars) on Thursday, in line with a European Union-wide move decided two days earlier. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. banking Estonia 2008-10-09T11:19:07Z News Item Poland sticking to 2012 euro target: finance minister http://eubusiness.com/news-eu/1223544721.89 Poland will stick to its target of adopting the euro by 2012, a goal which will help mark its economic health despite the global financial crisis, Finance Minister Jan Rostowski said Thursday. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Poland Euro 2008-10-09T11:19:33Z News Item Slovenia gives guarantee on bank deposits http://eubusiness.com/news-eu/1223499722.37 Slovenia decided on Wednesday to guarantee all private and small business bank savings, the country's finance minister and central bank governor said here in a joint statement. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Slovenia banking 2008-10-08T21:37:28Z News Item Britain urges EU to match guarantee of inter-bank lending http://eubusiness.com/news-eu/1223496122.33 Prime Minister Gordon Brown wrote to EU leaders Wednesday to urge them to follow Britain in guaranteeing loans between banks, proposing a "European-wide funding plan" to help ease the financial crisis. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. banking UK 2008-10-08T20:44:51Z News Item Italy may set up EUR 20-30 billion fund to back up banks http://eubusiness.com/news-eu/1223492523.46 The Italian government may decide Wednesday to set aside 20 to 30 billion euros to support banks if they dip below a certain level of solvency, the ANSA news agency reported. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. banking Italy 2008-10-08T21:01:20Z News Item Slovakia announces unlimited state guarantee for private banks deposits http://eubusiness.com/news-eu/1223485322.43 Slovakia said Wenesday it would guarantee all personnal bank deposits following a string of state rescues of European lenders in response to deepening world financial turmoil. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. banking Slovakia 2008-10-08T20:40:05Z News Item Rate cuts welcomed by European business association http://eubusiness.com/news-eu/1223482621.77 Dramatic, coordinated interest rate cuts by leading central banks on Wednesday won high marks from European businesses, with umbrella association BusinessEurope saying it would help restore confidence. No publisher eub2 Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline Finance 2008-10-08T18:55:03Z News Item