Latest articles from Western Europe

Germany experiences a silent revolution

April 4, 2005

A lot of the groundwork for a German revival is complete. The news remains bad but then the darkest hour is often just before the dawn. Brian Caplen reports.
While the headline news about Germany’s economy remains dire and political battles continue to be fought over reforms and job losses, behind the scenes Europe’s largest economy is showing signs of restoration to at least some of its former glory.

Shareholders sink Börse’s bid

April 4, 2005

Deutsche Börse’s thwarted attempt to acquire the London Stock Exchange has shown that buying or selling an exchange is not a simple matter.

Another step into Serbia

April 4, 2005

Serbia’s decision to focus on selling banks is drawing Greek institutions into the country, despite continuing political risk. Kerin Hope reports.

Lending boom slows in post-Olympic lull

April 4, 2005

The pace of retail lending – boosted by entry to the eurozone and the Athens Olympics – is slowing down. Kerin Hope reports from Athens.

BBVA bid heralds foreign bank invasion of Italy

April 4, 2005

The Italian banking market looks on the verge of being blasted open by twin bids from the Netherlands’ ABN AMRO and Spain’s BBVA.

BNG moves into new pastures

April 4, 2005

Growing funding needs led Bank Nederlandse Gemeenten to shift its focus from the retail to the institutional market. Edward Russell-Walling reports on this and the bank’s strategic benchmark programme.

Change in currency boosts confidence

April 4, 2005

Sureyya Serdengecti, governor of the Central Bank of Turkey and The Banker’s Global Central Banker of the Year, discusses his strategy and the challenges ahead.

BNP Paribas joins rush to buy into Turkish banks prior to EU talks

March 7, 2005

BNP Paribas has acquired 50% of TEB Financial Investments AS from Turkey’s Colakoglu Group for $216.8m. The sales agreement, signed in Istanbul on February 11, means that the French bank now has control of a 42.2% stake in Türk Ekonomi Bankas¦ (TEB), a midsize Turkish bank. The development came as European banks stepped up a campaign to buy shares in Turkish banks, ahead of the start of Turkey’s membership talks with the EU in October.

EU entry preparations make Turkey an attractive target

March 7, 2005

European banks are sizing up potential acquisition targets in Turkey as the country’s financial sector benefits from the prospect of EU membership.

One hit wonder

March 7, 2005

As the bidding war rages for the London Stock Exchange, Geraldine Lambe looks at how the 200-year-old-institution lost its lead in the European charts.

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