US officials concerned about developments in Eurozone Banks

Note: This section contains information in English only.
Source: Bloomberg
Timothy F. Geithner, US Treasury Secretary and Ben Bernake, Fed Chairman are worried about the current situation in Eurozone banking industry, said Jyrki Katainen, Finnish PM. Leaders met on Wednesday to discuss how to tackle problems in Spanish financial sector and in other European nations to avoid another banking sector collapse. 
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Thu, 07 Jun 2012 07:58:26 GMT

France provides more benefits for workers

While European countries responding to the Eurozone's debt crisis are tightening belts, French President F. Hollande has provided more generous retirement benefits and moved lower the retirement age from 62 to 60 years old for some workers. The pension decree might increase tension between Germany and France, which are arguing how to effectively address the crisis. 

Thu, 07 Jun 2012 08:31:33 GMT

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