Euro gains some strength after Slovakia may pass EFSF soon

The euro’s foreign exchange rate gained some strength against other major currencies today off the back of rumours that lawmakers in Slovakia, the only member of the euro area that hasn’t ratified the enlarged EFSF bailout fund, may pass it this week. The euro pared gains against UK Sterling and the US dollar as Slovakia’s largest opposition party re

Swiss franc foreign exchange rate slips lower against the euro ahead of Slovakia vote

The Swiss franc’s half pegged foreign exchange rate slipped lower against the euro in currency trading on Tuesday as investors await a key vote in Slovakia on the expansion of the euro rescue fund later in the session. At 0739 GMT, the franc wa

Euro foreign exchange rate looses ground again on Greece debt concerns

The euro's foreign exchange rate against major currencies lost some ground in early market trading today as concerns that Greece will need yet more bailout money to avoid a possible ...

Netherlands banking regulator seeks tougher regulation of Dutch banks

The Netherlands banking regulator said last Wednesday that it is seeking to impose stricter rules on all banks that it considers too big to fail, in an effort to prevent ...

Euro country Malta says Bonello to step down from ECB Council at the end of June

Euro country Malta will see Michael Bonello stepping down as a Governing Council Member of the ECB at the end of June, the government of the smallest euro region economy ...

Euro foreign exchange rate may get boost Belgium sees larger than expected GDP growth

The euro foreign exchange rate may get a boost higher as eurozone country Belgium sees GDP growing at a higher rate than many analysts had previously forecast, setting the pace ...

Euro foreign exchange rate under pressure from ECB interest rate hikes

The euro's foreign exchange rate against other major currencies could start to falter under pressure from the ECB's recent and possible futures interest rate rises and may drive the euro ...

Cyprus bank debt exposure estimated at 35% of GDP, could take loss on Greek debts

Bank debt exposure in the small euro member country Cyprus is now estimated at 35% of it's GDP and exposure to Greek sovereign bank debt carries a risk to Cypriot ...

Euro member countries Estonia and Belgium fail OECD’s tax test

Euro member countries Estonia and Belgium do not provide tax authorities with enough power to obtain access to banking information, according to a recent report published by the OECD. In peer ...

Euro foreign exchange boosted ahead of ECB rate decision, Finland GDP data

The euro's foreign exchange rate received small boost in market trading this morning ahead of tomorrows ECB rate hike decision, while Finland, one of the euro area’s six AAA rated ...

Eurozone latest: Austria’s national debt rises to 72 percent of GDP

Eurozone country Austria has seen it's national debt widened 4.6 percent of GDP in 2010, rising to over 72 percent of GDP after debt of Austrian government owned companies including ...

Euro foreign exchange rate in favour after ECB interest rate hike rumours

The euro foreign exchange rate received a boost in currency market trading this morning after European central bankers signalled on Monday that they stood ready to raise interest rates next ...