finance ministers

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  Italy May Ask for Aid

  By Marlene Y. Satter, AdvisorOne  |  July 11, 2012

  Proof that the eurozone debt crisis is far from over came as Prime Minister Mario Monti of Italy said he might look for financial help from the rescue fund to shore up the country’s bonds.

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  Eurozone Finance Ministers to Meet in Brussels

  By Marlene Y. Satter, AdvisorOne  |  July 9, 2012

  Meeting will discuss rescue measures decided at the June EU summit meeting, and pessimistic markets drove the euro down to a two-year low in anticipation of the talks.

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  Discord Rules Before EU Summit

  By Marlene Y. Satter, AdvisorOne  |  June 27, 2012

  Tempers are flaring in the run-up to the 20th EU summit since the onset of the eurozone debt crisis.

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  Spanish Banks Downgraded as Cyprus Seeks Bailout

  By Marlene Y. Satter, AdvisorOne  |  June 26, 2012

  The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.

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  Spain Downgraded, Seen Asking for Bailout Saturday

  By Marlene Y. Satter, AdvisorOne  |  June 8, 2012

  Fitch cut Spain’s credit rating by three notches late Thursday, leaving it two levels above junk, and Friday morning word circulated that the country would ask for a bailout on Saturday.

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  G7 Sets Crisis Conference Call After Soros Warning

  By Marlene Y. Satter, AdvisorOne  |  June 5, 2012

  G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.

• Osborne Challenges Bank Capital Rules

  By Marlene Y. Satter, AdvisorOne  |  May 3, 2012

  In the wake of a failure to reach agreement on proposed bank capital rules at a meeting of E.U. finance ministers that ended early Thursday morning, George Osborne, the British chancellor of the Exchecquer, was outspoken in his criticism of other ministers’ efforts to reach agreement.

• E.U. Bank Capital Deal Fails

  By Marlene Y. Satter, AdvisorOne  |  May 3, 2012

  Although discussions dragged on till the wee hours of the morning, E.U. finance ministers were unable to put together a deal on toughening bank capital rules.

• Euro Zone Agrees on Firewall

  By Marlene Y. Satter, AdvisorOne  |  March 30, 2012

  The temporary European Financial Stability Facility and permanent European Stability Mechanism will be combined for a year, for a total of 940 billion euros. But that figure seems to include money already spent.

• Asia Plans to Double Reserve Pool

  By Marlene Y. Satter, AdvisorOne  |  March 28, 2012

  Policymakers in Asia are laying the groundwork to double the region's own reserve pool to $240 billion as a hedge against financial shocks.