Eurozone needs common banking union

Note: This section contains information in English only.
Source: The Wall Street Journal
The ECB reiterated that common banking union development is critical to prop up the Eurozone's financial system, even though Germany's central bank said that such a decision might be risky and "premature". Vitor Constancio, the ECB's official, also claimed that the ECB should exercise power of monitoring European banks, as the bank has required knowledge and institutional resources to carry out the task.    
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Wed, 13 Jun 2012 07:11:43 GMT

France to revise its growth forecasts

The French government officials are revising growth forecasts for the next year. According to the Bank of France, the economy of France is predicted to shrink in the Q2 for the first time since 2009. Cooling growth would build up pressure on French President Francois Hollande to meet budget commitments. Mr. Hollande promised to reduce the budget deficit to 3%

Tue, 12 Jun 2012 18:57:39 GMT

U.K. stocks gain on miners

U.K. markets edged higher during a choppy session this Tuesday on the growth of miners. The FTSE 100 index rose 0.5 per cent to 5,461.78, while Barclays retreated 1.7 per cent and Lloyds Banking Group PLC slumped 1 per cent.

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