Eight banks failed the European Union stress tests after regulators said they’d a combined capital shortfall of 2.five billion euros ($3.five billion).
The banks were found to have insufficient reserves to take care of a core tier one capital ratio of five percent within the event of an economic slowdown, the European Banking Authority said.
War climate prevailing within the European Union because of the attitude of the international credit rating agencies across the eurozone countries facing serious problems due to the debt crisis.
What to have your dream holiday while driving around Europe? Well then this is your article that will cover the laws and what to do/not do while driving on the streets of Europe.
ANPP did not present any danger for the region, said the head of the commission OSART, acting under the auspices of the International Atomic Energy Agency (IAEA), Gabor Vamos.
Greek Parliament was again Thursday in front of a crucial vote for the country’s financial future. After the adoption of a draconian austerity plan Wednesday, immediately welcomed by EU leaders, members of parliament will decide on Greek legislation implementing fiscal measures, according to AFP.
In a country close to bankruptcy, Greek Prime Minister George Papandreou is trying this week to pass through parliament a package of austerity measures to obtain international financing to mid-July, otherwise Greece will enter into bankruptcy, according to Reuters.
One in six European banks will not pass the financial strength of the EU banking sector, according to sources close to the situation said.
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European Union has long been denying Turkey entry into its domain. But now Turkey has prospered into a cash rich nation and is laughing at the woes of the European nations caught in a debt crisis. Turkey’s influence with the West Asian nations is growing. Erdogan’s electoral victory for the third consecutive time has only reinforced this trend.
He announced a referendum in autumn, in which citizens have to decide on reforms "to the modernization of the State"