EurActiv.com Correspondent's Choice

Archives for Economy – Finances

This story about Euro instability was published by EurActiv on 16th February 2010. As the threat of sovereign debt default looms over Greece, the turmoil engulfing the euro zone is exacerbating the ongoing credit crunch for companies, according to BusinessEurope, a Brussels-based EU industry federation. Access to credit has become more difficult and the cost… » read more

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This article about bank bailouts was published by on 13th January 2010 by EurActiv.com. The commissioner-designate for competition, Joaquin Almunia, will not ease the EU’s stance towards banks which received state aid during the financial crisis. Credit institutions will have to reimburse the aid by the end of 2010 and cannot use this financial support… » read more

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The following story has been published by EurActiv.com on 6th January 2010. Franco-British plans to introduce a one-off supertax on bankers’ bonuses hit a snag when the asset management sector won exemption from a draft UK law after threatening to leave the country. A related European law could face similar difficulties. Britain and France both… » read more

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The following story was published on Tuesday 3rd March. At an EU informal summit on Sunday (1 March), leaders from Central and Eastern European countries strongly criticised Western media for depicting their countries as “black holes” and major threats to economic stability. “Eastern European countries need to repay short-term debts of more than $400 billion… » read more

Posted by Stuart Langridge

The leaders of the world’s twenty wealthiest nations have unveiled a five-point action plan to reform global financial markets after the credit crunch started to hit the real economy, plunging most of Europe and the United States into recession. Meeting at a summit in Washington over the weekend (15 November), world leaders agreed that additional… » read more

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EU finance ministers failed to endorse significant measures to tackle recession and conflicting positions emerged on global economic governance during their meeting in Brussels yesterday (4 November), which was dominated by internal divisions. Amid gloomy economic forecastsPdf external , the prolonged credit crunch and an expected fall in consumption and investment, no concrete EU-level action… » read more

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