Topic: Western Europe

Exclusive: Commerzbank in state aid talks

FRANKFURT (Reuters) - German lender Commerzbank and the government have been in talks for several days over possible state aid, five people familiar with the matter told Reuters on Monday.The aim was to reach an agreement in principle by Christmas, coalition sources ...

EU bank capital hole deepens to 115 billion euros

FRANKFURT (Reuters) - Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.Europe's banking watchdog, confirming a Reuters exclusive earlier ...

Franco-German agreement on euro fund: Berlin

Germany's finance minister said on Thursday there was "complete agreement" between Paris and Berlin on the EU's bailout fund but that no accord had yet been clinched at a European level."France and Germany have a completely agreed position on these questions, but ...

Germany mulls raising EU bailout fund: paper

German Finance Minister Wolfgang Schaeuble has suggested the firepower of the EU's bailout fund could be increased to one trillion euros ($1.38 trillion), the Financial Times Deutschland reported Wednesday.Europe is looking for ways of boosting the firepower of the European Financial Stability ...
European competition authorities on Monday gave temporary approval to Belgium's nationalisation of Dexia's Belgian unit under a rescue plan of the Franco-Belgian banking group.The European Commission gave the Belgian government six months to provide a new restructuring plan for Dexia Bank Belgium, ...

Greek write-down marks end of austerity charge

European leaders have switched horses as Dexia became the first bank to need bailing out with lenders caught in a squeeze triggered by the sovereign debt crisis.While Europe's strategy had long been to exact austerity in exchange for loans to keep over-extended ...

Under-pressure Europe postpones key debt summit

Europe's leaders postponed Monday a key summit on the debt crisis, buying more time as they decide what to do about Greece now that their banks also need a financial leg-up.Greece completed an audit which will be key to determining whether it ...

Europe battles to save banks as Dexia rescued

Belgium, France and Luxembourg decided on Monday to dismantle Dexia, the first bank to fall in Europe's debt crisis, as the eurozone prepared a battle-plan to protect its banking system.It was the second time in three years that Dexia needed to be ...

Europe eyes bolstering banks ahead of debt storm

DUBLIN/FRANKFURT (Reuters) - European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how ...

Special Report: Europe's Debilitating Deja Vu

How a host of divisions caused a seemingly unending string of setbacks to a deal for a new Greek bailout. First of three parts.By Luke Baker, Paul Taylor and Dina KyriakidouBRUSSELS (Reuters) - Greek Finance Minister Evangelos Venizelos came into office offering ...
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