Coeure says ECB ready to help set up financial transaction tax - FT

FRANKFURT (Reuters) - The European Central Bank is willing to offer help setting up Europe's planned financial transaction tax to ensure the levy does not destabilise financial markets, the Financial Times quoted a policymaker on Monday as saying.

ET, the new alien scaring global markets

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.

Hungary Banks, Treasury Fees, South Korea Banks, CDR Financial: Compliance

Hungary’s chances of obtaining a bailout receded after lawmakers approved new central bank regulations Dec. 30 that prompted the International Monetary Fund and the European Union to break off talks last month.

European Financial Crisis Occupies Voters' Thoughts as Spain Prepares to Vote

Spain looks to be on track to get a new prime minister today amid growing concerns the financial crisis in Europe will soon prove overwhelming for that nation as well. The country is currently led by Prime Minister Jose Luis Rodriguez Zapatero, who announced in April he would not seek a third term in office.

EU fund could be expanded

EU monetary affairs commissioner Olli Rehn has said talks are under way to expand the region’s bailout fund, the European Financial Stability Facility (EFSF), so that it could insure trillions of euro in debt as it seeks to get on top of the euro zone financial crisis.

The International Monetary Fund annual meetings wrapped up in Washington yesterday with widespread concern over the euro zone sovereign debt crisis, but no immediate consensus on the solution.