Tag: Wolfgang Schaeuble

• Thursday, October 13th 2011 - 23:14 UTC

  German banks fear tough EU recapitalization standards could backfire

  

  Germany's banks have said that they should not be pushed to increase their financial cushions beyond existing law under the European Union's effort to shore up the financial system against the debt crisis.

• Monday, September 12th 2011 - 02:01 UTC

  German ‘pragmatic’ top official for ECB board to help tackle Euro crisis

  

  Germany has proposed Deputy Finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said.

• Thursday, July 7th 2011 - 16:15 UTC

  Europe accuses credit rating agencies of having an “oligopolistic” structure

  

  The 'oligopolistic structure' of international credit rating agencies is probably undesirable, the head of the European Central Bank Jean-Claude Trichet said on Thursday.

• Thursday, July 7th 2011 - 03:13 UTC

  European Union clashes with rating agencies over the Euro debt crisis

  

  In what is seen as an escalation of events between European Union policy makers and credit rating agencies, Moody’s said on Wednesday that nearly a third of EU banks undergoing public stress tests may need some outside support.

• Monday, June 27th 2011 - 05:44 UTC

  Germany warns Greece: ‘no austerity plans approved, no release of funds’

  

  German finance minister Wolfgang Schaeuble warned that a veto of the Greek government's austerity plans by parliament this week could mean Athens will not receive a bailout tranche it needs to remain solvent.

• Tuesday, May 18th 2010 - 18:01 UTC

  EU agrees on tougher regulation for hedge funds, in spite of UK objections

  

  European Union finance ministers have agreed to introduce tougher regulation of the hedge fund industry. Ministers overrode objections by the new UK government and the City of London, where 80% of European funds are based.