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EC's Barroso lambasts Britain's veto
Barroso in Strasbourg - photo by European Commission Tuesday 13 Dec 2011 |
European Commission president José Manuel Barroso has hit out at Britain's veto of a new European treaty saying the UK's demands for safeguarding financial services made "compromise impossible" for the other 26 member states.
UK PM: Max harmonisation behind veto
David Cameron - Crown copyright Monday 12 Dec 2011 |
One of the reasons behind the UK's veto of the new EU treaty on Friday was the fact that the Vickers' recommendations cannot be enacted under current EU legislation, according to Prime Minister David Cameron.
Cameron's a 'wolf in sheep's clothing'
Monday 12 Dec 2011 | Sharon Bowles MEP
After the UK's veto of a new EU treaty on Friday, the critics are out in force with the European Parliament's economic and monetary affairs committee chair Sharon Bowles particularly vocal in her criticism of her party's coalition partners.
UK & Germany sign deal on bank levies
Friday 9 Dec 2011 | Karina Whalley
The UK and Germany have signed an agreement to stop banks having to pay levies in both countries.
FTT: The reality behind the headlines
Friday 9 Dec 2011 | Shiv Mahalingham
Introducing an EU financial transaction tax as a revenue raising measure is dangerous without paying attention to the impact on capital flows, writes Shiv Mahalingham, managing director at independent tax advisers Alvarez & Marsal Taxand UK.
IMF welcomes increased EU bailout powers
Friday 9 Dec 2011 |
The IMF has welcomed the decision of European leaders to boost the fund's firepower by up to €200bn ($270bn) and their agreement to accelerate the creation of the new EU bailout mechanism.
Full text: 'Eurozone plus' statement
Press room of the Justus Lipsius building - Photo by European Council Friday 9 Dec 2011 | European Council
The following is the full text of the agreement issued by euro area heads of government following the European Council meeting on 8 and 9 December.
Regulation row scuppers new EU treaty
Press room of the Justus Lipsius building - Photo by European Council Friday 9 Dec 2011 |
British Prime Minister David Cameron wielded a veto early Friday morning on plans to amend the EU's Lisbon treaty, following concerns that proposed new financial regulations could harm the City of London.
Merkozy FTT demand in EU treaty overhaul
Angela Merkel & Nicolas Sarkozy - photo by European Commission Thursday 8 Dec 2011 |
Germany and France are pushing for EU treaty changes involving sweeping new financial regulations, despite a declaration from Britain that it will block any attack on the City of London.
ICFR: Asia must not ignore EU crisis
Wednesday 7 Dec 2011 |
Asia needs to play a greater role in forming global policymaking and must not ignore the eurozone crisis which is having a "profound impact" on Asian economies, according to the International Centre for Financial Regulation.
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