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European Directorate-General for Economic and Financial Affairs

Parliament forces McCreevy to regulate financial markets

By Ann Cahill, Europe Correspondent THE EU’s internal market commissioner Charlie McCreevy’s hands-off approach to regulating the financial market has put him on a collision course with the European Parliament. He has...

EU officials rule out U.S. style bailout plan

The European Union (EU) would not need a U.S. style bailout plan to save banks from the financial crisis, top EU officials said on Wednesday. "The situation we face here in Europe is less acute and member states do not at...

Bailout debate rages; Buffett bets on Goldman (Reuters)

Reuters - The White House's proposed $700 billion financial bailout met skepticism and anger from lawmakers on Wednesday, stoking fresh anxiety on Wall Street despite a $5 billion Wall Street investment by billionaire...

EU dismisses a US-style bail-out

Europe does not need a US-style bail-out of banks, but must introduce stricter financial supervision, a top EU official has said. Economy commissioner Joaquin Almunia said mimicking the $700bn US plan to unfreeze credit...

EU refuses bailout package despite crisis fears

Europe rebuffs calls for fiscal rescue plan as German exports collapse and Nordic central banks firefight liquidity squeeze. Daniel Gross, director of the Centre for European Policy Studies in Brussels, said euro-zone...

Congress is pressed for bailout with dire warnings

By Mark Egan NEW YORK (Reuters) - Bush administration officials warned of a looming economic disaster akin to the Great Depression of the 1930s if an angry and rancorous Congress failed to act swiftly to fund a bailout...

HIGHLIGHTS-Juncker, Almunia, Jouyet at European Parliament (at Reuters)

BRUSSELS, Sept 24 (Reuters) - The following are comments by EU Monetary Affairs Commissioner Joaquin Almunia and French junior minister for European affairs Jean-Pierre Jouyet on Wednesday. They were speaking at a debate...

Situation of the world financial system and its effects on the EU

Woensdag 24 september 2008 | European Union ] The series of events we have witnessed in financial markets during the last year, and in particular during the last few days, are of a magnitude that exceeds anything we have...

Bailout debate rages as Buffett bets on Goldman (Reuters)

Reuters - Wall Street braced for a second day of political wrangling over a proposed $700 billion bailout for troubled banks, as billionaire Warren Buffett gave the transformed fiscal landscape a vote of confidence with...

Buffett bets on Wall Street revival (Reuters)

Reuters - Wall Street faced a second day of political wrangling over a proposed $700 billion bailout for troubled banks, as billionaire Warren Buffett gave the transformed fiscal landscape a vote of confidence with a $5...