Media ID: 55331242
Members of the European Parliament are voting during the plenary session in the European Parliament in Strasbourg, France, on April 15, 2014. (EPA/Patrick Seeger)
Strasbourg, Reuters—European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation. The vote in the European...
Media ID: 55322472
From left, European Central Bank Governor Mario Draghi, Ireland’s Finance Minister Michael Noonan, French Finance Minister Pierre Moscovici and EU Commissioner for the Economy Olli Rehn speak during a meeting of eurogroup finance ministers at the EU Council building in Brussels on Thursday, November 14, 2013. (AP Photo/Virginia Mayo)
Brussels, AP—European finance ministers are holding difficult talks on how to shore up their banking system and prevent further financial crises. Officials from the 28 member countries are meeting Friday to narrow their differences on how to set up a new agency at the...
Media ID: 55296224
A man pass by anticapitalist graffiti in dowtown of Nicosia, Cyprus, 19 March 2013. The Cyprus parliament is set to vote 19 March on ratification of a one-off tax on bank deposits, following a postponement to allow for consultation. Source: EPA/FILIP SINGER
Nicosia, Reuters—Cyprus’s government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout and avoid default and a banking collapse. Unless...