Arab Today, arab today merkel welcomes eu bank supervision deal
Last Updated : GMT 20:13:28
Arab Today, arab today
Arab Today, arab today

Merkel welcomes EU bank supervision deal

Arab Today, arab today

Arab Today, arab today Merkel welcomes EU bank supervision deal

Berlin - XINHUA

German Chancellor Angela Merkel welcomed on Thursday an agreement reached overnight to establish a single bank supervisor in the eurozone, saying Germany\'s \"core demands\" had been met. Addressing lawmakers in lower house of the German parliament, the Bundestag, Merkel said that the agreement reached by European finance ministers on Thursday dawn \"cannot be valued highly enough\". With the establishment of the single bank supervisor, troubled banks in the euro zone could be bailed out directly in stead of through their governments. The banking supervision will \"uncover and correct\" distortions in the national banking sector, so that they would not stretched to the eurozone, Merkel said. The Chancellor also praised German Finance Minister Wolfgang Schaeuble for enforcing German \"core demands\". Under the bank supervision agreement, banks with assets over 30 billion euros (about 39 billion U.S. dollars) or those that represent 20 percent of their national economies will be placed under the direct oversight of the ECB, which can also supervise any other bank it wants within those countries that have agreed to be come under its orbit. This means small banks in Germany and other countries will remain under the supervision of their own finance authorities unless they face potential problems. Merkel is set to fly to Brussels for a fresh EU summit later on Thursday. The Chancellor also called for increasing EU\'s competitiveness through a stronger economic policy coordination, warning that losses of competitiveness of one country could cause problems for the whole EU. \"It is absolutely necessary for the strengthening of economic policy coordination at the very beginning,\" she said. Related: EU takes a major step towards banking union BRUSSELS, Dec. 13 (Xinhua) -- The European Union\'s finance ministers took a first major step towards a banking union early Thursday by agreeing to give the European Central Bank broad supervisory powers. The single supervisory mechanism (SSM) will be composed of the ECB and national competent authorities, the Council of the EU said in a statement after after a meeting of EU finance ministers that lasted more than 14 hours into early Thursday morning.Full story EU finmins reach deal on single bank supervisor: official BRUSSELS, Dec. 13 (Xinhua) -- The European Union\'s finance ministers took a first major step towards a banking union early Thursday by agreeing to give the European Central Bank broad supervisory powers. \"Most banks will be under the direct supervision of the ECB. The ECB will be in charge,\" French Finance Minister Pierre Moscovici told reporters after a meeting of EU finance ministers that lasted more than 14 hours into early Thursday morning. Full story EU proposes plan to establish banking union STRASBOURG, France, Sept. 12 (Xinhua) -- The European Commission on Wednesday proposed new banking supervision powers for the European Central Bank (ECB) as part of a banking union. \"The Commission is presenting legislative proposals for a single European supervisory mechanism,\" European Commission President Jose Manuel Barroso told the European Parliament in Strasbourg in his annual \"state of the union\" address. Full story

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 merkel welcomes eu bank supervision deal Arab Today, arab today merkel welcomes eu bank supervision deal

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories for women

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories for women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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