Tag: EU banking crisis

• Thursday, January 12th 2012 - 21:28 UTC

  ECB says flood of ‘cheap money’ helping the Euro zone banking system

  

  The European Central Bank's flood of cheap three-year money is helping the Euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilisation, president Mario Dragui said on Thursday.

• Tuesday, December 13th 2011 - 23:28 UTC

  Fearing EU banking crisis, IATA downs drastically airline 2012 profits forecast

  

  The International Air Transport Association (IATA) announced revisions to its industry outlook with profitability for 2011 remaining weak but unchanged at 6.9 billion dollars for a net margin of 1.2%.