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Mario Draghi Is Serious About a European Banking Union
Mario Draghi, the head of the European Central Bank, expressed his support for a central banking union for the eurozone while on a trip to Berlin, Bloomberg reports. At a meeting between top financial...
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Will the Latest Bailout Money Help Cyprus?
The International Monetary Fund has approved an additional $113 million as part of program to bail out Cyprus, Reuters reports. The money comes as part of a 10 billion euro aid program that has been...
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IMF: Required Austerity Measures May Have Been Too Drastic
The International Monetary Fund released a report in which it claims that austerity measures should be tempered so as not to cause too much damage to economies, Bloomberg reports. The IMF expressed...
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Here’s How the Fed’s Decision Impacts the Eurozone
The U.S. Federal Reserve’s decision not to scale back quantitative easing may help interest rates in Europe stay low, Reuters reports. In an unexpected move, the Federal Open Market Committee decided...
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New Method of Deficit Calculation May Help Struggling European Countries
A change in the way that a key statistic is calculated may make it easier for countries to fulfill austerity measures and other requirements imposed by international organizations, The Wall Street...
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Are European Banks Progressing Toward New Standards?
Many European banks are still far from complying with new global banking regulations, Reuters reports. A new set of international banking regulations, known as Basel III, are set to kick into full...
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Will Greece Be Able to Dodge a Third Bailout?
Evangelos Venizelos, the Greek deputy prime minister and foreign minister, said that Greece may be able to evade the prospect of a third bailout, Reuters reports. He claimed that, through a clever use...
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5 European Countries That Were Saved From Bankruptcy
The impacts of the financial crisis in Europe have been severe and far-reaching. Billions of dollars have been loaned out to struggling countries; banks have turned belly up as they are unable to pay...
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Will 2014 Be a Turnaround Year for Greece?
Greece’s preliminary budget for 2014 signals that officials in the country are optimistic about their country’s future, Reuters reports. The budget forecasts that the Greek economy will grow by 0.6...
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Here Is What Increasing Consumer Confidence in the Eurozone Means
Confidence in the economies of the eurozone rose for the sixth consecutive month in October, Bloomberg reports. Executive and consumer sentiment came in at 97.8 this month in the eurozone, exceeding...
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