A draft law that a group of European Union lawmakers voted for on Monday would shield small depositors from losing their savings in future bank rescues, but customers with more than 100,000 euros...
- Sun
- May 26, 2013
- Updated: 5:38pm
Trending topics
9 May 2013
In June last year, European Union leaders made a great fanfare of committing to ‘banking union’, a three-step plan to shore up the region’s 8,000 banks and prevent a repeat of the debt and...
12:53PM
8 Mar 2013
The European Central Bank held its main refinancing rate at a historic low of 0.75 per cent yesterday, playing down concerns that political gridlock in Italy could trigger a resurgence in Europe's...
5:37AM
27 Nov 2012
Euro zone finance ministers struck a new deal with the IMF early on Tuesday to slice more than 40 billion euros (US$52 billion) off Greece’s massive debt burden by 2020 – in turn freeing up long-...
9:52AM
25 Nov 2012
Euro zone finance ministers are considering a possible “haircut” for Greece in 2015, a German newspaper reported on Sunday, in a bid to reduce the debt mountain of the recession-wracked country....
6:43PM
20 Nov 2012
The €207 billion (HK$2 trillion) debt Spain needs to sell next year will force it to request a bailout, according to investors from Pioneer Investments and BlueBay Asset Management.
3:51AM
Greece was under pressure from international creditors to beef up a controversial austerity package in return for loan relief, officials said, as Prime Minister Antonis Samaras said a deal was in...
2:53AM
The European Central Bank held its key interest rates at their current record low here on Thursday, and is also likely to hold fire on other key policy moves for now, analysts said.
8:41PM
In five short but pithy words financier George Soros recently caused a huge stir that set politicians and bankers arguing from Europe to the US and International Monetary Fund - "Germany must lead...
2:02AM
The world's three major central banks have given a "sugar boost" to equity markets in the past couple of weeks.
10:34AM
England captain Alastair Cook said Kevin Pietersen remains in talks with ECB officials as the controversial batsman fights to save his international career.
3:22AM
European banks promised last year to cut more than US$1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then, they have grown only fatter.
3:10AM
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