Financial Crisis Effect on European Union and Its Actions or Policies
European Union will greatly increase Minimum Guarantee Amount for Deposit
European Union members unanimously agreed to increase the minimum guarantee amount for deposit in each country so as to stabilize financial markets and protect the interest of depositors.
Try for Safe Protection but Lack of Coordination, Financial Crisis test out EU
In the face of financial crisis, a number of EU countries said they would take coordinated action to deal with the common problems. However, when the specific actions should take, the members are fighting in their own ways or several countries temporarily knock together, so there lacks overall co-ordination.
European Union will increase the Minimum Margin to 100 thousand Euros
The market generally concerned about the EU’s first joint policy to rescue the market, the Luxembourg meeting conveyed the message that European Union will increase the minimum margin to 100 thousand Euros (about 135 thousand USD).
EU tries to deal with a Banking Crisis with unified attitude
Monday (Oct.7, 2008) EU again took coordinated measures to cope with the increasing crisis in the banking industry after a series of unilateral measures failing to restore the confidence in financial markets.
Other News:
Great Decline of Central Bank Bills
Yesterday, issuance earnings ratio of one-year central bank bills straightly reduced 10 basis points, which was the signal of loosening the monetary policy for the central bank.
Sales Volume of Poly exceed 1,500 Million during Golden Week
Poly Real Estate today claimed that during the National Day, the company made over 1,500 million yuan sales volume.
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