Europe again the black sheep at the G20 Finance Ministers and Central Bank Governors

Last weekend the much anticipated G20 Finance Ministers’ and Central Bank Governors’ meeting happened in Cairns, Australia. It was very supportive and positive as far as the implementation of the necessary measures to boost the global economic growth in terms of GDP by an additional 1.8 per cent till 2018. This will be done through investments […]

The US repelled EU proposals on common rules for banks

The European Commission and more precisely the European Commissioner Michel Barnier fights a battle in two fronts over the financial sector’s future. One internal with Germany on EU banking union and another one external with the US on common rules for banks. Understandably in both fronts he has the full backing of the Commission and […]