Some are more EMU than others

Article Abstract:

The British pound was withdrawn from the European exchange-rate mechanism (ERM) following its collapse in the currency market. Britain has not proposed reform for the ERM, but Germany has proposed currency realignment to support the British pound.

Pound (United Kingdom), European Union, Foreign exchange market, European Community

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Unreal estate: European banks

Article Abstract:

French banks are evaluating $63 billion in property loans as the value of real estate decreases and commercial developers face a difficult market. The role of insurance companies in the the French property market is also discussed.

Banking industry, Real estate developers, Finance, Real estate industry, Commercial loans

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Subjects list: Europe, Economic aspects
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