Thursday

7th Jul 2022

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ECB: Crypto may pose a risk to financial stability

The European Central Bank (ECB) said on Tuesday cryptocurrencies may pose a risk to financial stability if the market maintains its rapid growth of the last two years and financial institutions become increasingly involved with crypto-assets. The significant volatility of crypto-assets could put capital at risk — with financial institutions facing reputational and climate-transition risks, the ECB warned. EU regulation on cryptocurrencies has not been agreed yet by co-legislators.

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Johnson quits, leaving Brexit headaches to successor

British prime minister Boris Johnson has resigned as Conservative party leader, starting a race among Conservative MPs to replace him as prime minister but leaving a range of issues — Brexit, Northern Ireland, and Scottish independence — for his successor.

Is Orban holding out an olive branch to EPP?

It is Tibor Navracsics, an ex-EU commissioner and minister without portfolio in Orban's new government, who was reportedly picked to work on closer relations between Fidesz and the European People's Party.

News in Brief

  1. Danish ministers no longer allowed to delete text messages
  2. Report: British PM Johnson to resign today
  3. British PM defiant amid spate of resignations
  4. France says EU fiscal discipline rules 'obsolete'
  5. Russia claims untouchable status due to nuclear arsenal
  6. Catalan MEPs lose EU court case over recognition
  7. 39 arrested in migrant-smuggling dragnet
  8. France to nationalise nuclear operator amid energy crisis

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Latest News

  1. Russia influence debate leads to MEP mudslinging
  2. Johnson quits, leaving Brexit headaches to successor
  3. Is Orban holding out an olive branch to EPP?
  4. EU should freeze all EU funds to Hungary, says study
  5. Legal action looms after MEPs back 'green' nuclear and gas
  6. EU readies for 'complete Russian gas cut-off', von der Leyen says
  7. Rising prices expose lack of coherent EU response
  8. Keeping gas as 'green' in taxonomy vote only helps Russia

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