World Bulletin / News Desk
A proposal for a banking union in the euro zone will be made in early September, European Commission President Jose Manuel Barroso said on Thursday.
"The Commission is working intensively towards the creation of a banking union. In early September we will make a proposal for a single supervisory mechanism," Barroso said after holding talks with Greek Prime Minister Antonis Samaras. "This will rely on the European Central Bank as regards the euro area."
Barroso also said he was convinced Greece would continue in the euro zone and would get support from the European Commission as long as it continued on the path of reforms.
"We will do whatever is necessary to ensure financial stability of the euro area," he said.
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BIST 100 index starts day with over 1 percent fall; US dollar/Turkish lira rate climbs to 3.96
Liberality key for global economic growth, Mehmet Simsek tells 7th Uludag Economy Summit
Number of unemployed persons aged 15 years and over amounts to 3.45 million last year, says TurkStat
The ransomware assault shut down multiple internal and external applications for the city, including apps that people use to pay bills and access court-related information, Mayor Keisha Lance Bottoms told a news conference Thursday.
Turkish economy minister says relations between the two countries' private sectors should be developed
Employment growth remained solid however, according to the report by data monitoring company IHS Markit, with job creation seen in both the services and manufacturing sectors, even if at slower rate.
Highest growth forecast for 2017 economic growth was 7.9 pct, while lowest was 6.6 pct
BIST 100 rises 0.62 percent; US dollar/Turkish lira exchange rate decreases to 3.9130 compared to previous close
Prices post a daily gain of more than 3 percent, and reach their highest level since Feb. 2
The special tax is the latest measure by the 28-nation European Union to rein in Silicon Valley giants and could further embitter the bad-tempered trade row pitting the EU against US President Donald Trump.
Deputy Prime Minister Mehmet Simsek says Blockchain technology has 'positive aspects'
Social media giant loses $49 billion in value amid data leak while CEO Mark Zuckerberg loses nearly $7 billion in net worth
Amazon bests parent company of Google on the stock market for the first time ever with a market cap of $768 billion
BIST 100 rises 0.16 percent, US dollar/Turkish lira exchange rate stands at 3.9300
Property sales in February down 5.4pct year-on-year, according to official data