Jose Manuel Barroso

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  EC President Unveils Banking Union Plan

  By Marlene Y. Satter, AdvisorOne  |  September 12, 2012

  The plan laid out by President Jose Manuel Barroso would not only allow the ECB to supervise all eurozone banks, but would also give it jurisdiction over a broader, and at first voluntary, EU banking base.

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  Draghi, With Credibility at Stake, Ups Ante in Debt Fight

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

  ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.

• G20 Hesitates on Cash Boost to Europe's Bailout Fund

  By Marlene Y. Satter, AdvisorOne  |  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.

• Coordinate EU Bank Recapitalization: Barroso

  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.

• Rep. DeFazio Aims to Tax Trading

  By Marlene Y. Satter, AdvisorOne  |  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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  EU Calls Emergency Meeting Over Italy Debt

  By Marlene Y. Satter, AdvisorOne  |  July 11, 2011

  Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.

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  Portugal Downgrade Angers EU, Roils Markets

  By Marlene Y. Satter, AdvisorOne  |  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.

• Germany Continues to Balk at Increasing Europe Rescue Fund

  By Marlene Y. Satter, AdvisorOne  |  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.”

• EU Finance Ministers Approve Ireland Bailout

  By Marlene Y. Satter, AdvisorOne  |  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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  Portuguese Parliament Passes Austerity Budget

  By Marlene Y. Satter, AdvisorOne  |  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.