Friday, April 12, 2013

Cyprus Warned Not to Sack Bank Governor, Cameron woos Merkel again on EU reform, Amid Scepticism Among European Partners

UK Prime Minister, Cameron woos Merkel again on EU reform, Amid scepticism among European partners, the PM is restarting a charm offensive, saying he wants more than just a 'shopping list' of UK demands

Cyprus crisis latest update, Cyprus warned not to sack bank governor, Any decision to remove central bank chief Panicos Demetriades would be subject to review by the European Central Bank, warns president Mario Draghi

Europe, sterling and Thatcher's handbag, The troubled relationship with the EU wrote the Iron Lady's political obituary – and the fact that power had turned her head, writes Philip Stephens

From Britain, UK makes case for EU carbon plan, The proposal involves postponing the auction of some 900m carbon allowances to boost flagging prices in the EU emissions trading system

IMF warns Europe over naked CDS ban, Outlawing of speculative bets on countries' creditworthiness could affect liquidity of financial markets and push up the cost of raising debt

Latvian economic news, Latvian hopes awash with Russian money, Nearly half the deposits in the Baltic nation's banks are from the former Soviet Union, prompting concern that eurozone membership may be postponed

Meanwhile, Ex-IMF official warns austerity 'untenable', Ashoka Mody, former mission chief to Ireland, admits that the IMF botched the country's €67.5bn bailout by focusing almost exclusively on austerity

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