France’s Bruno Le Maire warned of the risk of extremist parties gaining ground in Europe, fueled by the cost-of-living crisis. That was echoed by other participants at a two-day meeting of finance chiefs in western Spain, attended by European Central Bank President Christine Lagarde, said people familiar with the matter.
The ministers’ discussion came on the heels of the ECB’s 10th consecutive interest rate hike on Thursday. Lagarde on Friday reiterated her institution’s pledge to keep rates at “sufficiently restrictive levels” as long as needed for inflation to return to the ECB’s 2% goal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No decision on EIB presidency expected this week - German Finance MinisterGerman Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become European Investment Bank (EIB) president. 'There are several well-qualified candidates, for example our host today, Nadia Calvino,' Lindner said before the meeting of euro zone finance ministers. Lindner said the German government hasn't made a decision yet on which candidate to back, 'but we have a clear picture of how the EIB should develop.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
SocGen open to sale of Equipment Finance unit in strategy review-sourcesBy Pablo Mayo Cerqueiro, Mathieu Rosemain and Andres Gonzalez LONDON/PARIS (Reuters) - Societe Generale is open to a sale of its Equipment Finance ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
SocGen open to sale of Equipment Finance unit in strategy review-sourcesSociete Generale is open to a sale of its Equipment Finance business as the French bank's new CEO Slawomir Krupa embarks on a broad strategic revamp, people familiar with the company told Reuters. Krupa, who will present SocGen's new strategic plan on Monday, will try to convince investors he can boost returns while setting achievable goals in a challenging environment marked by slowing economic growth. A spokesperson for SocGen declined to comment.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Curve Finance: Of market movements and price puzzlesCurve Finance's enigmatic journey unfolds as CRV tokens migrate to Binance while its price struggles to recover post-hack, leaving investors intrigued and markets guessing.
Source: CryptoAmb - 🏆 22. / 68 Read more »