Tag: euro zone

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Italy critical of new ECBs guidelines on bad debts

EU INSTITUTIONS Theodoros Benakis -
The European Central Bank will require banks in the euro zone to set aside more money for their soured loans. The news came as...

EU to fight money laundering at banks

EU INSTITUTIONS Theodoros Benakis -
A preliminary deal to fight money laundering has been approved by European Union governments, the EU announced on December 19. It still needs the...

EU summit expected to drop stabilisation as aim for EU budget

EU INSTITUTIONS Theodoros Benakis -
Proposals to use a euro zone budget for economic stabilisation will be dropped, according to draft conclusions from the European Union summit in Brussels....

Germany wants strict conditions for euro zone rescue fund

EU INSTITUTIONS Theodoros Benakis -
To help euro zone states in difficulty, Germany’s plan for a “European Monetary Fund” would set strict eligibility criteria that shut out those who...

Franco-German budget proposal welcomed

EU INSTITUTIONS Theodoros Benakis -
The chairman of euro zone finance ministers described a Franco-German proposal for a euro zone budget as a “breakthrough” even though more work on...
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