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By Marlene Y. Satter |
October 31, 2011
Ahead of a meeting of the G20 scheduled for Thursday and Friday in Cannes, France, euro one leaders seeking funding for an expansion of the European Financial Stability Facility found it difficult to pry cash out of G20 nations as policymakers press for details of the plan.
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By Marlene Y. Satter |
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.
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By Marlene Y. Satter |
October 5, 2011
Rep. Peter DeFazio, D-Ore., is doing it again—partnering with Sen. Tom Harkin, D-Iowa, to present a bill to tax trades of stocks, bonds and derivatives. The two previously tried in 2009 to propose such a measure, but it failed.
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By Marlene Y. Satter |
July 11, 2011
Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.
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By Marlene Y. Satter |
July 6, 2011
The downgrade of Portugal's debt to junk status late Tuesday angered the European Commission (EC), which criticized the move even as it took its toll on the markets on Wednesday.
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By Marlene Y. Satter |
January 23, 2011
Germany’s Foreign Minister Guido Westerwelle said Sunday that comments by Jose Manuel Barroso, president of the European Union’s commission, that the amount of the European rescue fund should be increased were “not helpful.”
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By Marlene Y. Satter |
November 28, 2010
EU officials unanimously approved a bailout plan for Ireland, and discussed building a permanent vehicle for future bailouts.
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By Marlene Y. Satter |
November 26, 2010
Portugal passed a tough austerity budget for 2011 on Friday, in a bid to cut the country's deficit to 4.6% of GDP in 2011. The 2011 budget raises the value added tax (VAT) from 21% to 23%, cuts civil servant wages by 5%, and slashes public spending.
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By Marlene Y. Satter |
November 21, 2010
After two days of meetings in Lisbon that began with NATO and included the EU, President Barack Obama covered a lot of ground and termed the meetings "extremely productive."
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By Gil Weinreich, AdvisorOne, Gil Weinreich, AdvisorOne |
July 1, 2010
In a startling briefing to trade union chiefs in Europe in June, EU President Jose Manuel Barroso reportedly warned of a possible collapse of democracy...
