ECB’s Nowotny: EU needs to coordinate banks

By Boris Groendahl (Reuters) The European Union needs to coordinate deposit guarantees and a possible system of bank rescue funds, European Central Bank governing council member Ewald Nowotny told Reuters in a

Some migrants in Spain default and decamp

By Paul Day (Reuters) Rodolfo Jaramillo looks around his Madrid apartment at the stacked stereo system and a picture of parakeets on the wall, and shrugs. It's been three months since he

Europe’s financial crisis intensifies

Citi analysts forecast rate reductions The weekend’s events have highlighted European fragility in the financial crisis, note Citigroup analysts. In the UK, the eighth biggest mortgage lender (in terms of mortgage lending

World leaders recommit to poverty goals

By Lesley Wroughton (Reuters) World leaders recommitted themselves to reducing global poverty, pledging an estimated $16 billion in aid, but France said rich countries were strapped by a spreading crisis in financial

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