Europe

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Greece Moves To Reassure Investors On Reform

Greece will launch a charm offensive in Europe this week to reassure investors the country is on track with crucial economic reforms to prevent a damaging government bond default that could trigger a deeper crisis in the eurozone, the Financial Times ...

Daily Headline - global.abi.org - 09/13/2010 - 09:17 - 0 comments

World Panel Backs Rules to Avert Banking Crises

The world’s top bank regulators agreed Sunday on far-reaching new rules intended to strengthen the global banking industry and shield it against future financial disasters, The New York Times reported. The new requirements more than tripled the amoun ...

Daily Headline - global.abi.org - 09/13/2010 - 09:17 - 0 comments

Iceland Panel Splits Over Charging Country's Former Leaders

Iceland's parliament will have to decide whether to charge former leaders for failing to prevent the country's financial meltdown, after a committee of lawmakers split Saturday over whether they should be indicted, The Wall Street Journal r ...

Daily Headline - global.abi.org - 09/13/2010 - 09:16 - 0 comments

Freshfields Takes Lead Role For Goldman On £17.5 Million FSA Fine

Freshfields Bruckhaus Deringer has advised Goldman Sachs as the investment bank was today handed down a multimillion-pound fine by the Financial Services Authority (FSA), LegalWeek reported. The regulator has ordered the investment banking giant to p ...

Daily Headline - global.abi.org - 09/10/2010 - 07:06 - 0 comments

Greek Debt Head Christodoulou Rules Out Restructuring

Greece won’t restructure its debt and will stick to austerity measures it pledged as part of a 110 billion-euro ($140 billion) bailout, said Petros Christodoulou, head of the nation’s debt management agency. “No one is even contemplating or thinking abou ...

Daily Headline - global.abi.org - 09/10/2010 - 07:05 - 0 comments

ECB's Weber-Periphery Measures Will Avoid Insolvency

Fiscal repair measures being implemented by heavily indebted euro zone countries are enough to prevent state insolvencies, European Central Bank Governing Council member and Bundesbank head, Axel Weber, said on Wednesday, Reuters reported. "The sum ...

Daily Headline - global.abi.org - 09/09/2010 - 08:56 - 0 comments

Aer Arann Attracts 14 Offers

Fourteen groups have expressed an interest in investing in Aer Arann and the examiner hopes to have secured a deal for the airline by October 10th, the High Court has been informed, The Irish Times reported. In a report submitted to the court, Michae ...

Daily Headline - global.abi.org - 09/09/2010 - 08:55 - 0 comments

French Unions Set New Protests Over Higher Retirement Age

French labor unions vowed Wednesday to amplify their protests against government plans to increase the retirement age after President Nicolas Sarkozy said he wouldn't give in on elements of a proposed pension overhaul, The Wall Street Journal re ...

Daily Headline - global.abi.org - 09/09/2010 - 08:55 - 0 comments

Banks To Oppose McInerney Examinership

Three banks, which between them are owed a total of €114.5m by house builder McInerney Homes, are opposing examinership of the construction group, The Independent reported. Barrister Rossa Fanning, counsel for Bank of Ireland, Anglo Irish Bank and KB ...

Daily Headline - global.abi.org - 09/09/2010 - 08:54 - 0 comments

European Crisis Flares Up in Ireland

Ireland's troubled banking system became the latest flash point in Europe's continuing economic crisis, as the government said it would split up the weakest of its major banks to stave off a run by depositors. Irish Finance Minister Brian Lenih ...

Daily Headline - global.abi.org - 09/09/2010 - 08:54 - 0 comments

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