Major Central Banks Prepare For Potential Turmoil On Greek Upcoming Poll
Central banks from major economies stand ready to take steps, including coordinated action, to stabilize markets as…
Browsing Tag
European banks
Spain Requests $125 Bln Bailout
Spain became the fourth euro member to seek a bailout since the start of the region’s debt crisis more than two…
Italian Bank’s Borrowing From ECB Registers New Record In May
Italian banks’ borrowings from the European Central Bank rose to a third straight monthly record in May as concerns…
Portugal’s BPI Bank Asks For 1.3 Bln Aid
The Portuguese bank BPI has reportedly asked for 1.3 billion euros in public aid to comply with the principles laid…
Pressure Increased On Merkel To Support Joint Debt Sharing
Spanish Prime Minister Mariano Rajoy ratcheted up pressure on German Chancellor Angela Merkel to back new ideas for…
Mauritius’ Central Bank Advises Banks To Reduce Exposure To Euro Zone
Mauritius’ central bank advised domestic lenders to minimize their exposure to the euro zone as the currency slumps…
German Merkel Rejects Joint Debt Sharing
German Chancellor Angela Merkel hardened her opposition to joint debt sharing in the euro region as President…
Spain Calls For A New Fiscal Authority
Spain on Saturday proposed the set up of a new fiscal authority in the euro zone which would control and harmonize…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…
EU To Form “Banking Union” On Debt Crisis
The European Union should seek to create a ‘banking union' in which lenders face tough, common rules allowing them…
