Daniele Nouy, an official at the Bank of France, took a step closer to becoming the first head of the European Central Bank’s supervisory arm after a committee of European Parliament lawmakers backed her appointment in a vote today in Brussels.
Since 1989, Poland has stood out among the former communist countries as the most successful reformer with the highest cumulative economic growth. It sailed through the global crisis and was the only European Union nation that didn’t experience a recession in 2009.
China offered Japan talks on the safety of aircraft in overlapping air defense zones after U.S. Vice President Joseph Biden urged Asia’s top two economies to set up channels for resolving their disputes.
European Union governments are considering boosting the powers of national authorities in a planned common system for handling failing banks, and granting special treatment to smaller lenders, in a bid to tackle German opposition to key planks of the original blueprint.