New Italian Government: Will Promises Pay Off for Investors?
The new prime minister, Matteo Renzi, has made big promises for the Italian economy, but delivery may be difficult.
Germany No Obstacle to Oversight: EC Official
The head of the EC's financial services arm said that the EC was confident it could win Germany over on the matter of the ECB overseeing all eurozone banks.
EC President Unveils Banking Union Plan
The plan laid out by President Jose Manuel Barroso would not only allow the ECB to supervise all eurozone banks, but would also give it jurisdiction over a broader, and at first voluntary, EU banking base.
German Bankers Argue Over ECB Supervision Plans
The EC has plans to give the ECB authority to supervise all eurozone banks, but the German government says that only the largest banks should be subject to ECB oversight.
EU Reaches Debt Deal
EU leaders announced that they had reached agreement on a number of provisions to combat the debt crisis, including a plan to recapitalize banks directly and easier terms for Spanish borrowing.