European Commission (EC)
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
ECB breaks equal-treatment pledge and accepts Greek junk bonds
European Central Bank suspends minimum credit rating on Greek government debt, breaking its commitment to universal collateral rules
ECB annual report flags uncertainty over recovery
2009 report shows fiscal debt troubles weighed down on growth last year
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday
Debt holders must share the pain: Tucker
Bank of England deputy governor Paul Tucker says bondholders must be ready from the start to share in losses should a bank get into trouble
Europe is losing the “war on cash”: report
ECB and European Commission efforts to promote cashless payments are having some effect, but people still prefer cash, report finds
Bulgaria joins Europe’s Target2
Euro-hopeful becomes full member of Europe’s large-value payment system
Bundesbank – Monthly report (Nov 2009)
German central bank’s monthly report documents the manufacturing-led recovery in global trade and stresses the need for fiscal consolidation in 2010
Bank of Greece governor to reduce salary by a fifth
Greek governor George Provopoulos will cut his wage as a symbolic gesture against the country’s burgeoning debt problem
BoE’s Bailey: Europe to work on resolution regimes
Bank of England’s Andrew Bailey says missing piece in UK’s resolution regime is how to deal with cross-border banks
Europe to set Sepa migration regulation: Tumpel-Gugerell
European Central Bank’s Gertrude Tumpel-Gugerell says Sepa needs migration date
The Euro 50 Group Roundtable: The dangers of inflexibility
There is a fundamental clash of logics at the centre of the debate on accession. Despite legal considerations, different countries in different economic circumstances require a flexible approach, argues Charles Wyplosz.