financial times: Brussels: Germany’s SPD calls for bank bailout tax, Weidmann s...

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Thursday October 10 2013

European Union News

Germany's SPD calls for bank bailout tax

Opposition party wants the levy imposed to finance the European fund gap, making it one of the possible trade-offs in a coalition deal

Weidmann sticks to the red light rule

German central bank head warns against economic complacency, noting it would be a mistake for Germany to retreat from its labour market reforms

EU denies border agency refugee funds

Frontex feels hamstrung in face of migrant misery as its director tells of being denied contingency funds to cope with those fleeing political unrest

Brussels to allow Aegean bid for Olympic

Two previous deals were cleared as a pure 'rescue merger' after the commission accepted competition would be worse without the deal going through

Eurozone needs the labours of Hercules

No sooner has one threat been overcome than more spring up to test the strength – and the resolve – of the region's leaders

Europe asset-backed securities at risk

Industry group set up to monitor the quality of asset-back securities warns that issuance of 'sliced-and-diced' loans is collapsing

UK industrial output undershoots target

UK manufacturing output for August misses expectations, while strong export numbers drive India to its lowest monthly trade deficit in two years

Stress tests must prompt debt revamp

A network of bad banks should be established with European Central Bank-backed liquidity

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