Reasons Why The EU Summit Will Fall Short, Again

October 23, 2011 6:00 am

European banks must find €108bn in new capital

By Alex Barker in Brussels

Europe’s big banks will be forced to find €108bn ($150bn) of fresh capital over the next six to nine months under a deal to strengthen the banking system agreed by European Union finance ministers.

After ten hours of gruelling talks in Brussels,

European Finance Ministers Fall Short of Final Bank Plan

October 22, 2011 4:50 pm

Bondholders demand Greek growth plan

By Peter Spiegel, Quentin Peel and Alex Barker in Brussels

Police in New York have arrested about 70 people, as Occupy Wall Street protesters moved to Times Square.

Forty-five were detained in the square, with another 24 held for alleged trespassing at a branch of Citibank near Washington Square Park.

The protests came on a day of worldwide protests against austerity and what protesters call corporate greed.