eurozone
Iceland : joining EU is not a guaranteed life insurance
The widening debt crisis in the European Union has made Icelanders aware that joining the bloc or switching to the euro will not necessarily...
Europe braces for the release of bank stress tests
European governments are taking big steps towards revealing if banks can withstand shocks such as hit the global economy two years ago, and now...
Credit insurers could challenge ratings agencies
Credit insurers have what it takes to be fully-fledged financial ratings agencies and compete with existing ones, French central bank governor Christian Noyer said...
Spanish banks strain to borrow abroad
Spanish financial institutions are having increasing problems in borrowing from foreign banks because of concerns about Spanish sovereign debt, the Expansion daily reported on...
Austria extends ban on naked short-selling
The Austrian financial market watchdog, the FMA, said Tuesday it had decided to extend a current temporary ban on so-called naked short-selling by a...
Unemployment insurance: For 534 jobs, Naples gets 112,572 applications
The southern city of Naples received 112,572 applications for 534 public administration jobs such as traffic police officer and public accountant, Italian media reported...
Europe to push for tougher G20 market regulation
Greek Prime Minister George Papandreou said several European leaders will press for a ban on certain arcane financial tools tied to the 2008 global...
German insurer Allianz reports 3.3 billion euros in Greek holdings
The German insurance giant Allianz said on Wednesday that it owned 3.3 billion euros (4.2 billion dollars) worth of Greek debt at the end...
British insurer Aviva says ‘very low’ risk of eurozone defaults
The boss of British insurer Aviva on Tuesday said there was a "very, very low" risk that Greece, Spain or Portugal would default on...
German banks, insurers may lend Athens 1 billion euros
Deutsche Bank and insurers Allianz and Munich Re could lend Greece one billion euros (1.3 billion dollars) on the same terms as a EU-IMF...
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