
Jacob J. Lew, the U.S. Treasury secretary, urged Germany and its European partners on Wednesday to take even bolder steps in terms of banking reform, as his German counterpart, Wolfgang Schauble, defended the complicated and still incomplete blueprint agreed to by European finance ministers in December. Mr. Lew, in a news conference with Mr. Schauble, gave the Europeans credit for making “significant progress” with that agreement. But he stressed that beyond salvaging damaged banks, Washington would like Europe to head off trouble by requiring “backstops,” higher capital reserves for banks that would enable them to better withstand crises. “It is important to have backstops in place,” Mr. Lew said before he departed for Portugal, where he was to meet later on Wednesday with Prime Minister Pedro Passos Coelho.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor