Features By Andrew Walker

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European Central Bank to Cyprus: Now or never

Cyprus has until Monday to come up with a new bailout package after the parliament rejected the initial plan that called for a controversial tax on the country’s bank deposits.
Posted In: cyprus, ECB, bailout, Europe debt crisis
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Up, Up, and Away! Global stocks reach five-year high

The Dow Jones Industrial Average has hit yet another all-time high -- and the world is following suit. Global shares are at their highest level since June of 2008, thanks to strong market performance in France, Germany, the U.K., and Japan.
Posted In: stock market, Europe, Dow
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EU looks to cap bankers' bonuses

EU officials have announced an agreement that would restrict the amount bankers can receive as as bonus.
Posted In: Eurozone, banking, salary, bonuses
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'Currency wars' on the agenda at the G20

The Group of 20 major world economies are meeting in Moscow today, and the biggest item on the agenda is global monetary policy with some countries complaining about a 'currency war.'
Posted In: G20, Global Currency War, dollar, yen
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Bank regulators loosen up on liquidity rule

Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.
Posted In: banking, bank regulations, financial crisis
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Europe struggles to prepare for the U.S. fiscal cliff

If the U.S. falls off the fiscal cliff at the end of the year, countries across the pond could also suffer the effects.
Posted In: fiscal cliff, Europe debt crisis
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How Europe watches American unemployment

Today the world is watching us here in the U.S. The Labor Department is about to tell us how many jobs were created in the U.S. last month and what the new unemployment rate is. It's seen as a key indicator for the health of the U.S. economy, which is still the largest in the world.
Posted In: Unemployment, Jobs
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How central bank tactics stack up

The U.S. Federal Reserve says it will continue holding interest rates down the rest of the year through its "Operation Twist" -- swapping short-term securities for long-term ones. But the economic crisis is global, and ours is not the only central bank that's worried about stoking economic growth.
Posted In: European Central Bank, Federal Reserve
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Euro banking union could reduce Spanish burden

The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Posted In: Europe debt crisis, spain, Germany, European Commission
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Euro leaders plan for Greece to 'divorce' the euro

Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: Greece, euro, Europe debt crisis

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