As if there is not too much government and too many meetings already, Hollande Calls for the Creation of a Euro Zone Government. French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek crisis.
Between 50 and 60 euro zone banks will be included in next year's stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday. The ECB is the supervisor for top banks in the single currency area. The European Banking Authority (EBA), the EU's banking watchdog which designs and coordinates the pan-European stress test, has said the exercise will start in the first quarter.
Authored by Nicholas Spiro (Spiro Sovereign Strategy) and Nick Stamenkovic (RIA Capital Markets) via Bloomberg Briefs, With yields at record lows, it is all too easy to suggest that 'Europe is fixed' especially if you are a European leader, but that is not the case...
German chancellor Angela Merkel and French President Nicolas Sarkozy proposed a "quick new stability pact" that allegedly will bypass the need for treaties. However, there is already disagreement over the role of the ECB.
Please consider Germany, France plan quick new Stability Pact