http://www.mail.com/people/15632-wolfgang-schaeuble.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/people/15632-wolfgang-schaeuble.html http://www.mail.com/business/economy/2105148-ecbs-draghi-imperative-to-set-up-bank-body.html FRANKFURT, Germany (AP) — European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis behind it once and for all. In the text of a speech to be delivered in London Thursday, Draghi said the new age... Thu, 23 May 2013 21:40:08 GMT http://www.mail.com/business/economy/2105148-ecbs-draghi-imperative-to-set-up-bank-body.html 2013-05-23T21:40:08Z http://www.mail.com/business/economy/2103010-germans-french-eye-plan-to-create-jobs-young.html BERLIN (AP) — Germany and France are preparing to launch a drive to combat the problem of high European youth unemployment, which officials in Berlin say will center on trying to get business involved and make better use of already-pledged public money. Germany's labor minister, Ursula von der Leyen, said Wednesday that she and her French counterpart will... Wed, 22 May 2013 15:47:36 GMT http://www.mail.com/business/economy/2103010-germans-french-eye-plan-to-create-jobs-young.html 2013-05-22T15:47:36Z http://www.mail.com/business/economy/2093236-top-officials-call-to-overhaul-euro-institutions.html BERLIN (AP) — Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved. Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed ... Fri, 17 May 2013 15:32:04 GMT http://www.mail.com/business/economy/2093236-top-officials-call-to-overhaul-euro-institutions.html 2013-05-17T15:32:04Z http://www.mail.com/business/economy/2090436-merkel-hollande-odds-europes-way-forward.html BERLIN (AP) — Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities. French President Francois Hollande argued that the 17-nation eurozone should integrate more, calling for gr... Thu, 16 May 2013 17:55:11 GMT http://www.mail.com/business/economy/2090436-merkel-hollande-odds-europes-way-forward.html 2013-05-16T17:55:11Z http://www.mail.com/business/economy/2081578-euro-ministers-urge-troubled-slovenia-to.html BRUSSELS (AP) — European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under control in a bid to avoid the nation from becoming the bloc's sixth member to require a bailout. "The Slovenian government has to take swift and decisive action," said Jeroem Dijsselbloem, w... Mon, 13 May 2013 20:10:48 GMT http://www.mail.com/business/economy/2081578-euro-ministers-urge-troubled-slovenia-to.html 2013-05-13T20:10:48Z http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html BERLIN (AP) — European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system and turn the tide in its stubborn debt crisis. A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an a... Mon, 13 May 2013 19:41:31 GMT http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html 2013-05-13T19:41:31Z http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html BERLIN (AP) — French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a turning point in the region's approach to austerity, which is choking off growth through spending cuts and tax hikes. Cutting budget deficits remains important but the 27-nation bloc must now move... Tue, 07 May 2013 13:46:17 GMT http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html 2013-05-07T13:46:17Z http://www.mail.com/business/economy/2066316-ecb-germany-odds-banking-union-set-up.html BERLIN (AP) — The European Central Bank and Germany, the bloc's biggest economy, are at odds over how to set up the banking union that is meant to stabilize the 17-nation eurozone's financial system. ECB executive board member Yves Mersch said Monday in Luxembourg that in addition to establishing the agreed joint banking supervisor, the project also requi... Mon, 06 May 2013 16:18:28 GMT http://www.mail.com/business/economy/2066316-ecb-germany-odds-banking-union-set-up.html 2013-05-06T16:18:28Z http://www.mail.com/business/economy/2046582-spain-slashes-forecasts-delays-deficit-targets.html MADRID (AP) — Spain slashed its economic forecasts Friday and said it would take two years longer than promised to cut its swollen deficit in an acknowledgement that its harsh austerity measures had failed to bring its finances under control. Revealing its latest batch of reforms and measures, Spain's economy ministry warned that the country's economy wil... Fri, 26 Apr 2013 18:01:14 GMT http://www.mail.com/business/economy/2046582-spain-slashes-forecasts-delays-deficit-targets.html 2013-04-26T18:01:14Z http://www.mail.com/business/finance/2043504-top-ecb-official-cautions-rate-cuts-costs.html FRANKFURT, Germany (AP) — A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — because already low rates are not getting through to businesses and consumers. Joerg Asmussen, the bank's top official for international relations, said that the "pass-through of rate cu... Thu, 25 Apr 2013 13:21:31 GMT http://www.mail.com/business/finance/2043504-top-ecb-official-cautions-rate-cuts-costs.html 2013-04-25T13:21:31Z http://www.mail.com/business/economy/2043440-german-finance-minister-digs-austerity.html BERLIN (AP) — Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the continent's austerity drive. Germany strongly advocates making efforts to reduce budget deficits a top priority. His comments come just a few days after European Commission president Jose Manuel ... Thu, 25 Apr 2013 07:16:49 GMT http://www.mail.com/business/economy/2043440-german-finance-minister-digs-austerity.html 2013-04-25T07:16:49Z http://www.mail.com/business/finance/2030442-g-20-countries-pledge-stronger-efforts.html WASHINGTON (AP) — World finance leaders are pledging to pursue further actions to bolster a disappointingly weak global recovery. They also reaffirmed their commitment to avoid using their currencies as an economic weapon to gain unfair advantage in foreign trade. Finance ministers and central bank presidents from the leading rich and developing nations, ... Fri, 19 Apr 2013 22:04:27 GMT http://www.mail.com/business/finance/2030442-g-20-countries-pledge-stronger-efforts.html 2013-04-19T22:04:27Z http://www.mail.com/business/economy/2022958-ecbs-draghi-urges-speedy-banking-union.html BRUSSELS (AP) — European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to stabilize the bloc's financial sector. It is vital to first cement the legal groundwork for a centralized banking regulator before the summer, Draghi told the European Parliament in Strasbourg on T... Tue, 16 Apr 2013 15:52:05 GMT http://www.mail.com/business/economy/2022958-ecbs-draghi-urges-speedy-banking-union.html 2013-04-16T15:52:05Z http://www.mail.com/news/world/2013048-greece-germany-bicker-war-reparations-issue.html ATHENS, Greece (AP) — A long-standing debate over whether Germany still owes Greece war reparations stemming from the Nazi occupation erupted anew Thursday in a spat between Greece's foreign minister and Germany's finance minister. German Finance Minister Wolfgang Schaeuble was quoted by German media as suggesting that Greece should focus on reforming its... Thu, 11 Apr 2013 19:27:33 GMT http://www.mail.com/news/world/2013048-greece-germany-bicker-war-reparations-issue.html 2013-04-11T19:27:33Z http://www.mail.com/business/economy/2007600-us-german-finance-chiefs-downplay-differences.html BERLIN (AP) — Germany's finance minister insisted Tuesday that reducing deficits should not hurt economic growth, sticking by his strategy to tackle Europe's crisis despite the new U.S. Treasury secretary's call to boost demand more. Germany, which has Europe's biggest economy, has been a major force in making austerity-led deficit reduction the focus of ... Tue, 09 Apr 2013 16:20:53 GMT http://www.mail.com/business/economy/2007600-us-german-finance-chiefs-downplay-differences.html 2013-04-09T16:20:53Z http://www.mail.com/business/economy/2004796-us-treasury-chief-urges-eu-to-ease-austerity.html BRUSSELS (AP) — European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders. America's biggest trading partner and the world's largest economic bloc has entered the fourth year of a debt crisis, which has plunge... Mon, 08 Apr 2013 18:15:41 GMT http://www.mail.com/business/economy/2004796-us-treasury-chief-urges-eu-to-ease-austerity.html 2013-04-08T18:15:41Z http://www.mail.com/business/finance/2003304-financial-hub-luxembourg-under-increased-scrutiny.html BRUSSELS (AP) — As the European Union's wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc's financial risk list. With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still,... Sun, 07 Apr 2013 09:46:07 GMT http://www.mail.com/business/finance/2003304-financial-hub-luxembourg-under-increased-scrutiny.html 2013-04-07T09:46:07Z http://www.mail.com/business/economy/2000018-poll-germans-merkels-crisis-management.html BERLIN (AP) — A new poll shows Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus, suggesting it remains a key asset for the leader as she prepares to seek a third term in elections in September. The poll for ARD television published Friday also showed Merkel's popularity riding high and that of cent... Fri, 05 Apr 2013 09:58:13 GMT http://www.mail.com/business/economy/2000018-poll-germans-merkels-crisis-management.html 2013-04-05T09:58:13Z http://www.mail.com/business/finance/1988238-bank-cyprus-big-savers-to-lose-up-to-60-percent.html NICOSIA, Cyprus (AP) — Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus will lose 37.5 percent in money that will be... Sat, 30 Mar 2013 19:04:21 GMT http://www.mail.com/business/finance/1988238-bank-cyprus-big-savers-to-lose-up-to-60-percent.html 2013-03-30T19:04:21Z http://www.mail.com/business/finance/1986914-dijsselbloem-mr-euro.html AMSTERDAM (AP) — Two weeks ago, few people outside the Netherlands had heard of Jeroen Dijsselbloem, the Dutch politician instrumental in negotiating Cyprus' bailout. Now he's being criticized for shaking the confidence of financial markets after he said that investors and depositors, rather than taxpayers, should expect to bear more of the burden of bank... Fri, 29 Mar 2013 17:01:21 GMT http://www.mail.com/business/finance/1986914-dijsselbloem-mr-euro.html 2013-03-29T17:01:21Z http://www.mail.com/business/finance/1982470-tiny-luxembourg-defends-large-financial-sector.html BRUSSELS (AP) — Luxembourg defended the huge size of its financial sector from criticism Wednesday after Cyprus' messy bailout deal dragged other tiny economies with big banking sectors into the spotlight. Land-locked Luxembourg is the European Union's second-smallest nation, with about 500,000 inhabitants, and has a banking sector about 20 times its annu... Wed, 27 Mar 2013 16:18:18 GMT http://www.mail.com/business/finance/1982470-tiny-luxembourg-defends-large-financial-sector.html 2013-03-27T16:18:18Z http://www.mail.com/business/economy/1979684-piraeus-to-pay-678-cypriot-bank-units.html ATHENS, Greece (AP) — Greece's Piraeus Bank reached an agreement Tuesday to buy the Greek operations of three Cypriot banks for 524 million euros ($678 million), as stock markets in Athens were hit hard by the crisis in Cyprus. Piraeus, which was selected last Friday to take over the Greek units of the Bank of Cyprus, Laiki and Hellenic, will see its shar... Tue, 26 Mar 2013 16:18:49 GMT http://www.mail.com/business/economy/1979684-piraeus-to-pay-678-cypriot-bank-units.html 2013-03-26T16:18:49Z http://www.mail.com/business/finance/1964284-cyprus-limbo-rejecting-bank-seizures-plan.html NICOSIA, Cyprus (AP) — Lawmakers in Cyprus decisively rejected a plan on Tuesday to seize up to 10 percent of people's bank deposits in order to secure an international bailout and prevent a collapse of the country's banks. The vote leaves the tiny Mediterranean economy in financial limbo, but hundreds of protesters outside Parliament cheered and sang the... Wed, 20 Mar 2013 01:07:57 GMT http://www.mail.com/business/finance/1964284-cyprus-limbo-rejecting-bank-seizures-plan.html 2013-03-20T01:07:57Z http://www.mail.com/business/finance/1959340-cypriots-president-defends-bailout-deal.html NICOSIA, Cyprus (AP) — Cyprus' president said Saturday that the decision to force bank depositors to share the burden of a €10 billion ($13 billion) bailout package from its European partners and the International Monetary Fund was done to save his country from financial ruin. Despite that assurance, nervous depositors rushed to ATM machines in Cyprus on ... Sat, 16 Mar 2013 18:52:51 GMT http://www.mail.com/business/finance/1959340-cypriots-president-defends-bailout-deal.html 2013-03-16T18:52:51Z http://www.mail.com/business/finance/1951000-german-govt-borrowing-2015.html BERLIN (AP) — Germany's Cabinet approved a draft budget proposal Wednesday that foresees the government getting by without new borrowing from 2015 — a plan hailed by the finance minister as a "strong signal" for the rest of the Europe that comes as the country prepares for elections in September. The draft foresees what the government says is a structural... Wed, 13 Mar 2013 14:59:26 GMT http://www.mail.com/business/finance/1951000-german-govt-borrowing-2015.html 2013-03-13T14:59:26Z http://www.mail.com/business/finance/1931946-eu-pushes-ahead-with-bonus-cap-despite-uk-concerns.html BRUSSELS (AP) — Britain stood isolated against a broad majority of European Union countries Tuesday in refusing to back legislation that would strictly limit bankers' bonuses. Treasury Chief George Osborne said at a meeting of the bloc's 27 finance ministers in Brussels that Britain, home to one of the world's largest financial industries, can't support t... Tue, 05 Mar 2013 15:35:24 GMT http://www.mail.com/business/finance/1931946-eu-pushes-ahead-with-bonus-cap-despite-uk-concerns.html 2013-03-05T15:35:24Z http://www.mail.com/business/economy/1872082-germany-takes-steps-to-curtail-risky-trading.html BERLIN (AP) — Germany wants to punish bankers who take excessive risks and require some banks to separate retail activity from riskier proprietary trading, officials said Wednesday. Finance Minister Wolfgang Schaeuble said the proposed measures were part of an effort to draw lessons from the 2008 financial crisis, when governments around the world had to ... Wed, 06 Feb 2013 12:26:00 GMT http://www.mail.com/business/economy/1872082-germany-takes-steps-to-curtail-risky-trading.html 2013-02-06T12:26:00Z http://www.mail.com/business/economy/1862524-germany-warns-euro-crisis.html MUNICH (AP) — Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance minister told an international conference that the continent can't afford to become complacent. Three years since the crisis started in Greece, the 17 European Union countries that use the euro... Fri, 01 Feb 2013 17:16:00 GMT http://www.mail.com/business/economy/1862524-germany-warns-euro-crisis.html 2013-02-01T17:16:00Z http://www.mail.com/business/finance/1836938-eu-grouping-financial-transaction-tax.html BRUSSELS (AP) — A group of 11 European Union countries was given the go-ahead Tuesday to work on the introduction of a tax on financial transactions. The tax is designed to help pay for the rescue of Europe's banks and discourage risky trading. It would apply to anyone in the 11 countries who makes a bond or share trade or bets on the market using complex... Tue, 22 Jan 2013 16:08:00 GMT http://www.mail.com/business/finance/1836938-eu-grouping-financial-transaction-tax.html 2013-01-22T16:08:00Z