View more on these topics

EU leaders affirm need for co-ordinated response to crisis

European Union leaders have issued a joint statement reasserting their commitment to a coordinated response to the financial crisis.

The statement follows confusion over the German Chancellor Angela Merkel’s reported commitment to guarantee all deposits, which has subsequently been questioned.

The Prime Minister Gordon Brown was set to speak to Merkel last night to clarify the situation.

The joint statement by EU leaders said: “All the leaders of the European Union make clear that each of them will take whatever measures are necessary to maintain the stability of the financial system – whether through liquidity support through central banks, action to deal with individual banks or enhanced depositor protection schemes.

“While no depositors in our countries’ banks have lost any money, we will continue to take the necessary measures to protect both the system and individual depositors.

“In taking these measures, European leaders acknowledge the need for close coordination and cooperation.”


50 to 60 job losses in Origen reshuffle

Origen support services director Keith Robinson says that the group’s decision to reshape the business is likely to result in around 50 to 60 redundancies from the firm by the end of Q1 2009.

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment