Thursday, December 13, 2012

Eurozone Ceiling for Next Year’s Budget Payments Will Increase 2.9% to €132.8 billion

Latest economic news from Berlin, Germans give ground on banking union, Wolfgang Schäuble, the German finance minister, said he was willing to compromise on some of his longstanding objections to the scheme

And now forex traders and Investors eye possible negative ECB rates, Interest rate on borrowing unsecured cash for a year in euro wholesale markets dips below zero for first time as market expects ECB switch to charging to park funds

Finally MEPs approve compromise EU budget, Ceiling for next year's budget payments will increase 2.9% to €132.8bn – compared with 6.8% rise that MEPs and European Commission originally sought

Meanwhile, Eurozone agrees on common bank regulator, Eurozone finance ministers early on Thursday morning agreed a plan to cede power to a common bank supervisor in Frankfurt

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