Please log in to read this article:
Don't have a login yet?
Discover your benefits and register for free now! It only takes a minute.
|
|
|
Please log in to read this article:
Don't have a login yet?
Discover your benefits and register for free now! It only takes a minute.
Most viewed in Business
The World Bank's wrong choiceThe selection of Jim Yong Kim gives cause for concern. |
 |
Lessons for the EU from JPMorganFinancial firm's woes should serve as a warning to the EU. |
MEPs back tighter bank rulesBanks required to cap bankers' bonuses, increase capital buffers; Parliament endorses stricter budgetary surveillance of eurozone members. |
 |
Ministers approved the necessary legislation for Estonia to join the eurozone on 1 January 2011, becoming the 17th member of the single currency. They agreed a conversion rate of 15.6466 Estonian kroonid to one euro.
Ministers gave Bulgaria, Denmark, Cyprus and Finland deadlines to bring their budget deficits to within the limit of 3% of gross domestic product allowed under the EU's stability and growth pact. Bulgaria and Finland must reduce their deficits to within the threshold by 2011, Cyprus has until 2012, and Denmark until 2013. The four countries are among 24 member states that are currently in breach of the EU's rules on budgetary discipline.
Didier Reynders, Belgium's finance minister, said that finance ministers would meet on 7 September to discuss the introduction of levies and taxes on banks, as well as of a financial transactions tax.
Related articles
Talks will now begin with European Parliament on regulation of agencies.
Differences lead to postponement of vote.
Financial firm's woes should serve as a warning to the EU.
UK drops opposition to new rules on bank capital and liquidity.
Backing for greater fiscal powers for the Commission.
