Monday, July 9, 2012

Eurozone start to act over Libor scandal, Spain bows to ‘bad bank’ idea

Hello friends, here is the latest news about Eurozone financial crisis about Libor scandal, Brussels to act over Libor scandal, EU commissioner Michel Barnier wants to close 'loopholes' in market abuse rules and introduce laws that ban tampering with indices including Euribor

Latest China economic news we reporting, Beijing threatens trade action, China has promised retaliation against EU industries if Brussels probes government subsidies given to two telecoms equipment companies

Anyway, from Bucharest we reporting a short news about Politics, Fears grow for democracy in Romania, Bucharest parliament votes to suspend President Traian Basescu, sparking concern about a power grab by Victor Ponta, the prime minister

From Dublin we reporting, Ireland recovery falters as exports fall, Slowing export growth and slump in domestic demand are threatening to derail Dublin's efforts to exit bailout programme by the end of 2013

Meanwhile, Spain bows to 'bad bank' idea, many banks in Spain is on trouble, Officials say they are ready to create an entity to house the distressed assets of its financial sector, if that is required for its EU bailout funds

All European Investors wary of Slovenia claim, Concerns centre on the banking system where, unlike in most central European countries, the biggest banks remain state-controlled

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