EU: A financial Union before the fiscal one? | New Europe

EU: A financial Union before the fiscal one? | New Europe ;.. The Spanish banking chaos and the Greek political problems have prompted all careful asset managers to reduce their exposure to European values. In reality, what was so far a sovereign debt problem for Eurozone's sinner governments, has become a banking confidence issue, threatening the euro area and the world with a new and far worse credit melt down.




The European Banking Authority, which was created last year, is obviously unable to take over and resolve the current transnational frictions between Eurozone banks. What is even more alarming however, has to do with the refusal of the European Central Bank to cooperate in resolving the Spanish crisis.

First Read - Catholic heavyweights challenge Obama rule on contraception

First Read - Catholic heavyweights challenge Obama rule on contraception ;..  The Archdiocese of Washington, D.C., and the University of Notre Dame separately filed lawsuits in federal court challenging a Health and Human Services rule that would require them to offer coverage for contraception, the use of which runs contrary to Catholic teaching.

"For the first time in this country’s history, the government’s new definition of religious institutions suggests that some of the very institutions that put our faith into practice — schools, hospitals and social service organizations — are not ‘religious enough,'" said Cardinal Donald Wuerl, the archbishop of Washington, in a statement.

Father John Jenkins, the president of Notre Dame, said: "This filing is about the freedom of a religious organization to live its mission, and its significance goes well beyond any debate about contraceptives."

Finnish rooftop gunman seems not to be extremist - Yahoo! News

Finnish rooftop gunman seems not to be extremist - Yahoo! News ;..  Finland has one of the highest gun ownership rates in the world and a series of mass shootings prompted the government to toughen its gun laws last June. The suspect in Saturday's case did not have a license, police said.

Spain's Bankia seeks record bailout of €19 bn - Yahoo! News Singapore

Spain's Bankia seeks record bailout of €19 bn - Yahoo! News Singapore ;..  The government refused to comment on this possibility.




Prime Minister Mariano Rajoy's conservative government this month instructed Spain's banks to set aside an extra 30 billion euros in 2012 in case property-related loans go bad, on top of 53.8 billion euros required under reforms enacted in February.



Bankia's shares plummeted 7.43 percent on Thursday to close at 1.57 euros, taking total losses to more than 58 percent since their listing in July 2011.

Kenny: too early to decide on project bonds | New Europe

Kenny: too early to decide on project bonds | New Europe ;.. Taoiseach was far less excited, however, about the project bonds initiative of the newly elected French President François Hollande. He pointed out that the concept of project bonds was mentioned as a part of a “broad agenda” of growth, which is important for Europe, but that there are many unknowns about the exact nature and operational aspects of bonds.

http://www.blogger.com/blog-this.g?n=Kenny%3A+too+early+to+decide+on+project+bonds+%7C+New+Europe&u=http%3A%2F%2Fwww.neurope.eu%2Farticle%2Fkenny-too-early-decide-project-bonds&sourceid=ie8-activity












Share this story

























0







0

Greek elections: False dilemmas and poor strategies | New Europe

Greek elections: False dilemmas and poor strategies | New Europe ;..  His political disclaimer was that his major opponents (i.e. ND-PASOK-Democratic Left) were reluctant to “man up” to form a government majority (of 168 MPs) and save the country from insecurity.

BBC News - What happens next if Greece leaves the eurozone?

BBC News - What happens next if Greece leaves the eurozone?