Group items tagged

"Euro leaders have agreed to radically restructure Spain's €100bn bank recapitalization plan. EU funds will now be directly injected into staggering Spanish financial institutions, indicating that the Spanish government will be able to avoid the burden of the bailouts from its sovereign books."

"The political leaders of European countries will be approaching the European Central Bank this week to get help for reinforcing gains after their moves to calm markets and accelerate the integration of the euro bloc."

The Financial Stability Board (FSB) published, ahead of the G20 Summit in Hamburg on 7-8 July, a letter from its Chair Mark Carney to G20 Leaders.

"Wall Street stocks surged on Friday on the strength of an agreement by European leaders to stabilize the euro region's banks, to end a difficult quarter on a high note. S&P 500 had its best day since December 20. "

The Business 20, the official business dialogue of the G20, asks the G20 members to overcome their differences and demonstrate decisive leadership at the G20 Summit in Hamburg later this week.