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By Marlene Y. Satter, AdvisorOne |
October 11, 2011
Jean-Claude Trichet, who not only heads the European Central Bank but also the European Systemic Risk Board, told the European Parliament's Committee on Economic and Monetary Affairs on Tuesday that the sovereign debt crisis in Europe has become systemic and that the risk of contagion was increasing rapidly.
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By Marlene Y. Satter, AdvisorOne |
October 6, 2011
Regulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.