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Europe Daily Bulletin No. 10080

18 February 2010
Contents Publication in full By article 11 / 30
GENERAL NEWS / (eu) eu/ecofin council
Greek budgetary problems confirm Barnier's view that greater transparency is needed on credit default swaps

Brussels, 17/02/2010 (Agence Europe) - The fact that Greece was able to hide a number of financial operations behind complex credit default swaps in order to comply with the rules of the Stability and Growth Pact, as the American daily newspaper New York Times revealed this weekend, has reinforced the strong belief of Commissioner for the Internal Market Michel Barnier that greater transparency is needed on these markets which are not regulated at European Union level. "We need to know who...

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GENERAL NEWS