EU finance ministers meeting through the banking capital injection program

November 30th, economic and Financial Affairs Council via the banking capital plan and the fiscal 2012 budget, also nominated the Frenchman Benoit Kerr entered the European Central Bank Board of executive directors.

Conference chairman Vincent Rostow Minkowski said, the meeting stressed the need for banks to establish a capital" buffer zone", in order to prevent banks hold sovereign bonds devaluation effects. As far as I know, capital amount would be a jacob & co watches prices can increase the amount of specific, rather than a ratio. This means that capital is not designed to leverage." German finance minister Schaeuble said that day, the European banking administration early next week will announce the specific amount of capital.

European Commissioner for economic and Monetary Affairs oli Rehn in meetings called conference ministers" to set up effective firewall to suppress the market turmoil". He thinks, the EU is entering a" critical period", if the laissez-faire market situation worse, if things go on like this, the situation will be irreparable.

Earlier this month by the European Council, the European Parliament and the European Union mediation committee jointly developed the 2012 budget in vacheron constantin overseas replica EU finance ministers meeting passed. In 2012 the EU budget expenditures for 129088000000 euro, the European Union accounted for 0.98% of gross national income, an increase of 1.86%. The budget will be the European Parliament approves formally come into effect after.

This meeting of finance ministers but also by the nomination of the French Ministry of finance chief economist on Kerr to replace the Italians than Ernie Bini-Smaghi served as the European central bank executive proposal. The proposal will be submitted to the Council of Europe considered, the latter with the European Parliament and the European Central Bank to negotiate.

In addition, a meeting of finance ministers also discussed the European Commission put forward the euro bond program, but Vincent Rostow Minkowski did not disclose the details and results.