BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
Posts Tagged ‘financial sector’
German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
Tags: european economy, european union, financial sector, Global Economy, monetary, us economy, world economic
more...Business warns regulation may crimp recovery
January 27th, 2010 by Financial Writer
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
The worried response to U.S. President Barack Obama’s plans to curb big banks and a British assault on bankers’ pay came as 2,500 business leaders and policy makers [...]
Tags: business, commercial banks, financial industry, financial sector, global business, recession, world economic
A look at economic developments around the globe
November 4th, 2009 by Financial Writer
The British government moved to break up the country’s two biggest retail banks, imposing a major shakeup on the financial sector as it exacts payback for last year’s massive state bailout at the height of the financial crisis.
The government also injected billions of pounds more of taxpayer funds into Royal Bank of Scotland PLC and [...]
Tags: banking sector, economic, financial crisis, financial sector, retail banks