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“The results confirm the overall resilience of the EU banking system to negative macroeconomic and financial shocks, and are an important step forward in restoring market confidence” – the dry statement of approval (23.7.10) from European banking authorities, after running their open financial tests on 91 banks. … Read More »
The Baltic republic of Estonia has gone against the flow of nay-ssying over the value of the Euro, obtaining approval to take up the common currency for the start of next year. … Read More »
ECONOMY: Debate between maintaining conditions for an after-recession recovery, and on the other hand the drive for budget cutting and settling of public debt, has been contested over EU spending plans. … Read More »
The European Parliament has approved new rules (8.7.10) to allow counter-terrorism authorities in America to monitor trans-Atlantic financial transfers using the SWIFT banking system. … Read More »
The European Parliament moved close this week (5.7.10) to finalising a long-running problem with the transfer of banking information to the United States, under scrutiny of US anti-terrorism agencies. … Read More »
European leaders at commemorations around the world since May 5, Europe Day, have declared that the “Europe of Values” is set up for the long term.
The European Union Ambassador to Australia and New Zealand, David Daly, (pictured, with the President of the Europe Council in Australia, Elfi Massey-Vallazza), said the EU had demonstrated strong political will in the financial crisis, so “the European Union still exists, and the Euro still exists”. … Read More »
COMMENTARY: “Who should pay out the deficits, following the financial crash of 2008?” is a keynote question for the G20 international economic summit this weekend, in Canada.
After billion-dollar government bail-outs of errant banks, protesting workers, right now in France and Italy, say it should not be them.
The incoming head of the international trades union movement, Australian Sharon Burrow, has added in a warning that the deficit cutting will stymie economic growth. … Read More »