Middle-east Arab News Opinion | Asharq Al-awsat

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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)

Europe reaches end of crisis-driven reform trail to banking union

by Asharq Al-Awsat | Apr 15, 2014 | Business

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...

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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)

EU finance ministers debate bank rescues

by Asharq Al-Awsat | Nov 15, 2013 | Business

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...

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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

Cyprus Proposes To Exempt Small Savers From Deposit Tax

by Asharq Al-Awsat | Mar 19, 2013 | World

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...