Wednesday, October 10, 2012

IMF warns eurozone member on capital flight, Eurozone crisis shows why EU must renew its vows

Global economic slowdown respons, IMF report – loaning and growning, The IMF has looked at the forced deleveraging under way at the 58 largest European banks, International Monetary Fund warns eurozone on capital flight, Fund concerned that European banks' balance sheets will contract severely, further damaging growth and increasing unemployment further


EU treaty sails through French parliament
Boost to Hollande as lower house votes overwhelmingly to ratify European budget discipline treaty without relying on support of UMP party


Eurozone debt crisis shows why EU must renew its vows, The answer to the region's pressing problems and its critics is a federal structure, write Guy Verhofstadt and Daniel Cohn-Bendit


From Berlin economic news we reporting, Germany demands more power on banking, Berlin's proposal for voting weights on the new supervisor's board to match its bigger banking sector gives voice to its concerns at being outgunned


From tax market we reporting, Financial transaction tax gains approval, Exact rate and scope of levy yet to be agreed by 11 members of eurozone. Frankfurt, Paris, Milan and Madrid among stock markets to be covered by tax


U.K. Prime minister Cameron backs referendum on EU ties, The prime minister spells out his view that a referendum is the best way to seek consent from the British people for a change in UK ties with the European Union

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