InfoAnda - ECB's Knot backs German call for EU budget commissioner |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Body of Singaporean killed in Mumbai expected back Sunday morning | 29 November 2008
British actress Judi Dench says not going blind | | 20 February 2012
French in show of force in deadly Afghan valley | 15 March 2009

Evacuations lifted for LA-area foothill areas | 11 February 2010

Forum Views () Forum Replies ()

Read more with google mobile : ECB's Knot backs German call for EU budget commissioner |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Interactive Euro zone bank stress test calculator Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test. Full Coverage Counterparties: Today's Best Links Who are America's "47 percent"? Mitt Romney has taken a lot criticism for his comment on the percentage of Americans who depend on the government. But "the 47%" are mostly American workers. Read more at Counterparties How Morgan Stanley made risk vanish "We must deliberately set financial forest fires" Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Putin flexes muscle in big test of Russia's nuclear arsenal 20 Oct 2012 With Romney closing in, Obama to launch swing state blitz 20 Oct 2012 RPT-Republican Party gives Romney financial advantage over Obama 1:21am EDT Double the trouble when divorced parents get old 19 Oct 2012 Like girls, U.S. boys may be hitting puberty earlier 12:28am EDT Discussed 173 Obama gets second chance in debate rematch with Romney 117 Obama talks Libya and Biden’s swimsuit on ”Daily Show” 91 ”I take responsibility” for Benghazi, Clinton tells CNN Sponsored Links ECB's Knot backs German call for EU budget commissioner Tweet Share this Email Print Related News Merkel raises new hurdles on EU bank union Fri, Oct 19 2012 HIGHLIGHTS-Comments after EU leaders' summit Fri, Oct 19 2012 Europe advances towards single banking supervisor Thu, Oct 18 2012 IMF urges aid for Italy, Spain but Rome baulking Wed, Oct 17 2012 EU summit to tackle banking union; Spain on watch Wed, Oct 17 2012 Analysis & Opinion Another euro zone summit The euro zone: choose your own adventure Related Topics Investing Simplified » World » Window cleaners are seen on a building next to the Euro currency sign of the European Central Bank (ECB) in Frankfurt October 19, 2012. Credit: Reuters/Lisi Niesner BERLIN | Sat Oct 20, 2012 11:36pm EDT BERLIN (Reuters) - European Central Bank policymaker Klaas Knot has thrown his support behind German finance minister Wolfgang Schaeuble's call for a euro zone commissioner with power over European Union nations' budgets. The EU needs not only stricter budget discipline but also stronger debt controls, Knot, who heads the Dutch Central Bank, told German newspaper Welt am Sonntag in an interview published on Sunday. "I welcome the idea ... if we can manage to keep a better eye on these aims it would represent huge progress. It is worth thinking about Wolfgang Schaeuble's idea carefully." Asked about ECB plans to buy the bonds of troubled euro zone states and whether this risked easing the pressure on governments to implement reforms, Knot said the bank had learned lessons from its last bond-buying program. "We are prepared to play the fire brigade in the short term, but only when we are convinced that the new house will be constructed more solidly," he said. Spain was expected to request EU aid in the next few weeks, which would trigger ECB bond buying. Prime Minister Mariano Rajoy said after an EU summit in Brussels on Friday, a decision on whether to ask for aid had not been made. Asked about the possible time frame within which Italy and Spain would need to be able to stand on their own feet after any ECB bond buying, Knot said: "That is very difficult to say. "Depending on how much restructuring a country must do it can take between three and five years for reforms to take their full effect. But this does not mean that the states would need help for the same period. Once investors see things moving in the right direction then a state can return to financial markets earlier, or may not even lose access at all." Schaeuble said five days ago a new "currency commissioner" could have the power to reject national budgets not in line with the euro zone's strict fiscal rules. The model for the position would be the EU's competition commissioner who, Schaeuble said, was "feared in the whole world". However, a previous proposal from Schaeuble for a "Sparkommissar", or savings commissioner, was quietly dropped after it stirred fury in Greece and got a cool reception from Germany's other EU partners. (Reporting by Alexandra Hudson; Editing by Dan Lalor) Investing Simplified World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 21 October 2012
West Bank vote held to help plug Palestinian democracy gap |
Monti expects to see Italy recovery signs within months |
Left makes gains in Czech Senate election |
Putin flexes muscle in big test of Russia's nuclear arsenal |
Five Colombian soldiers killed, first deadly clash amid peace talks |
Yemen forces endanger health care by raiding hospitals :HRW |
Sierra Leone opposition plans to review mining code, contracts |
Kuwait opposition to boycott vote, calls for protests |
Nigerian army arrests Boko Haram member at senator's home |
Trekkies break world record at London convention |
Lebanon to bury slain intelligence official |
Syria envoy Brahimi meets Assad in Damascus: TV |
Confusion in Libya over fate of former Gaddafi spokesman |
Argentine leader orders evacuation of ship seized in Ghana |
ECB's Knot backs German call for EU budget commissioner |
As Iraq, Afghan wars end, private security firms adapt |
U.S. says willing to meet with Iran on nukes but no talks set |
Hong Kong makes its biggest seizure of illegal ivory |
Activision hopes new Skylanders game is a holiday hit |
Violence erupts in Beirut after slain official's funeral |
Assad tells Syria envoy arms flows to rebels must stop |
Iran, like U.S., denies plan for one-on-one nuclear talks |
Vatican names seven saints including first Native American |
Voters in Iceland back new constitution, more resource control |
Quakes, not Iranian missiles, loom in new Israeli drill |
Bahrain detains seven over killing of policeman |
Protesters break into grounds of Libya's parliament |
Russian forces kill 49 militants in operation: state agency |
British PM Cameron on ropes after catastrophic week |
Analysis: Yahoo CEO's comeback plan homes in on technology, not media |
Top Facebook executive quits to join London's Tech City |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01