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The State will be subjected to "intensive surveillance" until at least 75pc of the bailout loans are repaid under new EU budgetary rules for countries leaving official support programmes. But Finance Minister Michael Noonan has said that the
Austria has vowed to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors with governments to clamp down on tax evasion. The issue of tax havens and bank secrecy was a
Germany and France stepped up a diplomatic drive on Tuesday to convince a critical mass of EU countries to join them in setting up a financial transactions tax, but remained short of the nine needed to push ahead with the plan. Greece, Portugal,
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Reports last week that national governments would still have to assume ultimate liability for banks that are directly rescued with euro zone bailout funds had taken some of the luster off the deal reached by European leaders at a summit meeting in
Articles Australia's third largest bank by market capitalisation (number of shares on issue multiplied by the current share price), ANZ Banking Group (ANZ) reported a 10 pct rise in first half net (October 2011 to March 31 this year) of $2.92 billion.
In spite of recent announcements that a deal was near, U.S. stocks declined this morning (Jan. 23) as there still seems a stalemate. European finance ministers are pushing bondholders to provide greater relief for Greece. &
Europe's economics commissioner says the continent is facing a "moderate recession" in the first half of 2012, with an economic recovery not likely before the last six months of the year. The European Union's economics chief, Olli Rehn, made the
The New Zealand dollar climbed to a month high against the US currency as news of the European debt deal saw demand for growth-linked assets surge, with commodities, equities and the euro leading the charge. The kiwi dollar recently traded at US82.03
European Union canceled their meeting on Wednesday, dashing expectations that leaders would finally come up with an agreement to address the debt crisis. The local unit shed seven-and-a-half centavos to settle at P43.205 per dollar against its P43.13-