In 2014, the European Central Bank (ECB) conducts a three-pillar Comprehensive Assessment of euro-area banks. The exercise will comprise of i) a supervisory risk assessment addressing key risks in banks; ii) an asset quality review of the asset side of bank balance sheets; and iii) a stress test examining the shock-absorption capacity of banks under stress.
Dutch finance minister Jeroen Dijsselbloem pushed back against German efforts to shield smaller lenders as European nations wrangled over how to share out the cost of the euro area's bank resolution fund, "Excluding small banks for levies, I'm not in favor of that," Dijsselbloem told reporters on his way into meetings in Brussels.
European Union finance ministers endorsed plans to close a corporate tax loophole after winning over Malta and Sweden, who feared the move would set a precedent for future tax policy. EU Tax Commissioner Algirdas Semeta assured the skeptic nations that the change -- which aims to make sure companies don't use cross-border hybrid loans to avoid taxes -- won't have spillover effects.
European Union finance ministers fought openly over how to design a financial-transaction tax that may start in 2016 for 11 participating nations. Germany and Austria led calls to press forward with a tax on equities and some derivatives in the nations that have signed up.
German Finance Minister Wolfgang Schaeuble said he sees little room to compromise with the European Parliament on a euro-area bank-failure law as the deadline for reaching a deal approaches. "We are committed to reach a final decision," Schaeuble said today as he met with his European Union counterparts for a second day in Brussels.
The euro area needs a central government authority with the power to take decisions free of influence from German political institutions, said a report by a group of French scholars, economists and political thinkers.
Euro-area finance ministers said they'd consider pooling money in a planned bank resolution fund at a faster pace than previously foreseen. German Finance Minister Wolfgang Schaeuble and his Irish counterpart, Michael Noonan, suggested that the 55 billion-euro ($75 billion) Single Resolution Fund could be fully armed in less than the 10 years set out in draft proposals.
European Union finance ministers moved to take the lead in creating a planned bank-resolution fund, risking a clash with parliament that may stymie the bloc's efforts to contain future financial crises. In more than 15 hours of talks that ended inconclusively early today, ministers in Brussels moved toward creating the fund using an agreement among participating states, not EU law, effectively cutting the European Parliament out of the process.
Germany argued against a joint backstop for struggling euro-area banks as European finance ministers renewed their debate on how to handle the costs of managing failed lenders. German Finance Minister Wolfgang Schaeuble called on his colleagues to rein in their ambitions for the Single Resolution Mechanism proposed by the European Commission, which includes a common fund filled by levies on the financial industry.
The Greek Prime Minister, Antonis Samaras, addressed the ECOFIN group yesterday evening at a dinner which took place in the Acropolis Museum. During his speech he also mentioned the way in which some of the Parthenon sculptures had been removed by Lord Elgin and how the Parthenon is now a mutilated monument though Greece is trying to achieve reunification of that monument.
Πολύ ξύλο στην σύγκρουση ΑΝΤΑΡΣΥΑ-ΜΑΤ Θα ακολουθήσουν σύντομα πλάνα σε αργή κίνηση που δείχνουν την κτηνωδία της αστυνομίας Δείτε επίσης: Φωτιές στην Πανεπιστημίου http://youtu.be/r6w0GXdVDzI Επίθεση ΔΕΛΤΑ-ΔΙΑΣ εναντίων των διαδηλωτών http://youtu.be/G2sFZ3ZDxQA Βουλευτές βρίσκονται στην κεφαλή της πορείας και ζητούν να περάσει η πορεία τον αστυνομικό μπλόκο στην διασταύρωση Σταδίου-Αμερικής.