EU probes U.K. bank rescue

Article Abstract:

The competition commission of the European Union is examining whether the support given to Northern Rock PLC by the UK government will violate the EU's state aid limits. The EU restricts state aid to a six-month period; however, analysts have indicated that the Bank of England's financial involvement with Northern Rock may exceed that time period.

Government expenditures, Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, International aspects, Influence, Mortgage banks, Northern Rock PLC, Government finance, Government aid, Government funding, United Kingdom. Bank of England, Subprime loans

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EU plans no new regulations to govern hedge-fund sector

Article Abstract:

A European Union official has said there are no immeadiate plans to alter the regulations of hedge funds. Hedge funds will be monitored in a more proactive approach although it was found that the mutual funds sometimes were found "testing the boundaries" of appropriate market rules.

United Kingdom, Europe, Hedge funds, United Kingdom. Financial Services Authority

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Slovakia urges EU to revise criteria to join the Euro Zone

Article Abstract:

Slovakia has protested European Union membership criteria with regards to inflation rates. Economies of Eastern European countries are growing rapidly to catch up to Western European economies.

Slovakia, International politics, Membership, International relations, Boundaries, Boundaries (Geography)

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