4 results for "DAVID McHUGH"
European Union finance officials spent all day Tuesday roughing out key aspects of a new agency that would clean up broken banks and keep the costs of doing that from hitting taxpayers — but fell short of a firm and final agreement just da...
European finance ministers are taking another crack at an issue that's bedeviled them: how to handle failing banks at an EU level.
The European Central Bank kept its interest rates on hold Thursday even though the recovery has weakened in the 17-country euro currency union and inflation is forecast to remain low.
The European Central Bank says it stands ready to do more, if needed, to boost a weak recovery. But each possible step faces significant drawbacks or even political opposition.