Arab Today, arab today eu talks banks at brussels summit
Last Updated : GMT 00:56:40
Arab Today, arab today
Arab Today, arab today

EU talks banks at Brussels summit

Arab Today, arab today

Arab Today, arab today EU talks banks at Brussels summit

London - DW

European politicians are set to gather in Brussels on Thursday for what is the fourth EU summit of 2012. Reforms to Europe\'s banking sector are on the agenda, but it may take more meetings before much progress is made. It is generally agreed among European politicians that a banking union needs to be implemented across the eurozone and parts of the wider EU. This would include a single European bank regulator. But the devil is in the details, and EU leaders can\'t agree on the fine points of that and other initiatives ahead of Thursday\'s two-day summit. One sticking point is likely to be the question of eurobonds, a system of common liability for borrowing that Germany rejects categorically for the time being. Berlin\'s fear is that the introduction of eurobonds would encourage profligate spending, giving financially weaker states access to lower cost borrowing at the expense of Germany and other northern European states. France is on the other side of the fence on the eurobond issue. On Wednesday, French President Francois Hollande said in Paris that a great sense of urgency was needed in shoring up the continent\'s finances with the common debt. \"Budgetary union must be completed with a partial mutualization of debt, through euro bonds,\" he said. Germany advocates a system of strict austerity to bring debt problems in troubled eurozone member nations under control before issuing more debt. German Chancellor Angela Merkel on Wednesday praised debt-laden eurozone nations, saying \"something has changed in their way of thinking,\" even if the pace of the change brought on by austerity measures is a bit slow. Hollande has been opposed to draconian budget slashing since his election in May. \"If we don\'t breathe some life into Europe\'s economy, budget discipline measures won\'t work,\" he said. One of the troubled nations is Greece, which faces the threat of defaulting on its loans and possibly exiting the eurozone if it cannot secure international bailout funds by adopting fresh austerity measures in accordance with requirements of its international lenders - the EU, the European Central Bank, and the International Monetary Fund. Unemployment in Greece has reached 25 percent, and the economy has been in a recession for five years. On Thursday, labor unions in Greece have scheduled a general strike that coincides with the summit in Brussels to show Greeks\' frustration with the country\'s austerity measures. It is the second strike in three weeks.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu talks banks at brussels summit Arab Today, arab today eu talks banks at brussels summit

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday