Posts Tagged ‘European’

European banks expect staff exodus to U.S. over pay rules

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Europeans banks are bracing for a mass exodus of their staff to the U.S. over pay rules. Employees of some of Europe’s largest banks have hinted that they would soon file applications with U.S. financial institutions after receiving their 2010 bonuses, headhunters said Sunday. [...]

EU clears $89 billion in loans for Ireland, sets up new rules for future sovereign bailouts

BRUSSELS (AP) — European Union nations agreed to give euro67.5 billion ($89.4 billion) in bailout loans to Ireland on Sunday to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency. View full post on All Stories

Ireland Finally Admits Need For Bailout

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – After hedging for several days, Ireland finally admitted Thursday that Dublin needs the international bailout being offered by the European Central Bank or the International Monetary Fund. Irish Central Bank Governor Patrick Honohan said the international loan would likely happen to deal with concerns of the [...]

EU, IMF, ECB To Discuss Irish Debt Crisis In Dublin

AHN News Staff Dublin, Ireland (AHN) – Representatives from the European Union, the International Monetary Fund and the European Central Bank are due to arrive in Dublin on Wednesday to discuss the Irish financial crisis with its government, which has not yet requested any aid. The EU already believes that Ireland needs some kind of [...]

UK weighs billions in loans to Ireland

Ireland is working directly with the International Monetary Fund and the European Central Bank to shore up its debt-laden banking system, says the EU’s top economic official View full post on All Stories

‘Ireland can manage well’

International Monetary Fund chief Dominique Strauss-Kahn said that Ireland can manage its fiscal affairs well, and the Fund has had no request for aid. ||| By Bill Tarrant Yokoham, Japan – International Monetary Fund chief Dominique Strauss-Kahn said on Saturday that Ireland can manage its fiscal affairs well, and the Fund has had no request [...]

Corrected – Trichet says EU fiscal reform too weak for euro zone

(Corrects van Rompuy’s title)GYEONGJU, South Korea – European Central Bank President President Jean-Claude Trichet said on Saturday that new European Union fiscal rules pushed by France and Germany were too weak to safeguard the euro zone. View full post on All Stories

EU: Bulgaria-Proposed Change in Debt Definition Impossible

The European Union said a proposal from nine countries, including Bulgaria, to change the way debt among member countries is calculated in relation to private pension systems grants, is “not possible” to accommodate. The request is “justified,” but it’s “not possible” to accept it under the current accounting system, European Union Economy and Monetary Affairs [...]

EU Wants Western Balkans To Join Hands For Speedy Accession

AHN News Staff Tirana, Albania (AHN) – The European Union has called on the Western Balkan countries for internal cooperation among themselves if they want speedy accession to the 27-nation bloc. European Council President Herman Van Rompuy said the EU was extremely concerned about the region’s stability and security as well as future. “The European [...]

Iran Blasts European Firms Over Fuel Refusal

AHN News Staff Tehran, Iran (AHN) – Iran has accused Western companies of refusing fuel to Iranian aircraft in Europe, describing the act illegal under international law. Iranian Foreign Ministry spokesman Ramin Mehmanparast said that Tehran would take necessary actions against such measures. “We will definitely not tolerate such inappropriate actions by some companies, and [...]

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