Cyprus Bailout Seen as Near, but Not Yet a Done Deal
Seeking to stave off financial collapse, Cyprus said Friday that it had negotiated a multibillion-euro bailout with international lenders, only to have the claim contradicted later by a formal...
View ArticleFor Greece, Oligarchs Are an Obstacle to Recovery
But as Greece’s economy soured in recent years, his fortunes sagged and he began embezzling money from a bank he controlled, prosecutors say. With charges looming, it looked as if his rapid rise would...
View ArticleCyprus Rises on Agenda of Overseers of the Euro
BRUSSELS — Finance ministers who oversee the euro are planning to meet here Monday and are expected to choose a new president for their group, as concerns mount about how to rescue Cyprus, which is the...
View ArticleE.U. States Get Blessing for Financial Trading Tax
European Union finance ministers gave their approval at a meeting in Brussels, allowing the states – Germany and France plus Italy, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and...
View ArticleEuro’s Strength on Agenda for Finance Ministers
As confidence has grown that the Union will be able to manage its sovereign debt crisis, the euro has made significant gains against the dollar and other foreign currencies. That is making Europe’s...
View ArticleBritain Isolated as European Colleagues Support Bonus Caps
The rules, which would apply to bankers working in the 27-nation bloc and those working for E.U.-based banks worldwide, are an acute concern for the Britain’s chancellor of the Exchequer, George...
View ArticleNews Analysis: Effect of Cyprus Exit From Euro Seen as Limited
But for the broader financial system in Europe, the losses resulting from a Cypriot banking collapse and the country’s return to its former currency would be minimal compared with the havoc that Greece...
View ArticleCyprus Makes Fitful Progress on Bank Bailout Deal
Yet, with so many obstacles in the negotiations, the prospect of a default, and even a possible exit from the euro currency union, could not be ruled out. After passing a portion of a revamped bailout...
View ArticleNew Concerns From Germany Over European Banking Supervisor
DUBLIN — Germany has raised new concerns about a proposal to create a single banking supervisor for the European Union that could delay plans to help troubled lenders that finance ministers were to...
View ArticleG-20 Leaders Agree to Continue Stimulus Plans
MOSCOW — The leaders of the world’s 20 largest economies issued a joint statement on Friday saying it was too early to ease off government stimulus spending, in spite of recent positive economic news....
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