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EU states given stark warning on debt levels
The European Union’s public debt could rise to 100 per cent of gross domestic product by 2014 unless governments take firm action to restore fiscal discipline, EU finance ministers will be warned
Flaws in hedge fund rules detailed
Proposed pan-European regulation of hedge funds and private equity is being introduced on the back of a ‘vague, sweeping and inadequate’ analysis of the problem, according to a report prepared for European lawmakers
EU rules ease cross-border payments
Transferring money and paying bills across Europe should become simpler and faster under new payment rules that come into effect on Sunday
ECB weighs gentle exit strategy
Axel Weber, the Bundesbank president, hinted that the ECB would soon stop providing banks with unlimited one-year loans at record low interest rates. Thus another offer, scheduled for December 16, may well be the last
Europe warned on tax in single market drive
Mario Monti, former competition commissioner, says the EU may have to moderate tax competition between member states if it is to revive the drive towards market integration
Lex: Hedge funds
Brussels now admits that proposed reforms need to be redrafted – hedge funds have the impartial voice of the ECB to thank for that
Demand for ECB liquidity at six-year low
A slump in demand for central bank liquidity suggests an end could be in sight for emergency procedures set in place to mitigate the effects of the financial crisis
ECB chief warns on ‘financial gambling’
Jean-Claude Trichet said a return to excessive risk-taking would not be tolerated. He urged the financial sector to provide services to the real economy
EU pushes for payments system end-date
Charlie McCreevy, the internal market commissioner, says there are strong economic and societal arguments for giving banks a firm date to implement the ‘single euro payments area’ plan
ECB challenged by rising euro
Just when eurozone economic prospects have turned for the better, a new policy challenge is facing the European Central Bank: an unwelcome appreciation of the euro
