Max Ramsay

1 week ago | bloomberg.com | Esteban Duarte |Max Ramsay

The European Commission is planning public consultations about the possible broader adoption of asset-backed securities by banks for emergency cash reserves. The move is part of a larger strategy to revive Europe’s €1.2 trillion ($1.4 trillion) securitization market, for which authorities want a bigger role to finance housing, defense and other sectors.

1 week ago | news.bloomberglaw.com | Esteban Duarte |Max Ramsay

The European Commission plans a public consultation about the possible broader adoption of asset-backed securities by banks for their emergency cash reserves. The move is part of a larger strategy to revive Europe’s €1.2 trillion ($1.4 trillion) securitization market, for which authorities is seeking a bigger role to finance housing, defense and other sectors.

1 week ago | bloomberg.com | Max Ramsay |Andrea Palasciano

Kaja Kallas in Brussels on June 17. (Bloomberg) -- US military involvement in the spiraling conflict between Iran and Israel risks spreading throughout the Middle East, the European Union’s top diplomat warned on Tuesday. Speaking to reporters after a video call with EU foreign ministers, the bloc’s most senior foreign policy official Kaja Kallas said it was “clear to everyone” that Iran can’t be allowed to develop a nuclear bomb — but diplomacy rather than force is the best way to prevent it.

2 weeks ago | bloomberg.com | Max Ramsay

A Swedish Air Force Gripen fighter jet. (Bloomberg) -- Sweden will reach a planned new NATO defense spending target of 5% of GDP, Prime Minister Ulf Kristersson said, joining a string of countries ramping up commitments ahead of a key summit of alliance leaders.

2 weeks ago | bloomberg.com | Donato Paolo Mancini |Andrea Palasciano |Max Ramsay

Italian Marines take position during an amphibious assault demonstration, part of a larger NATO exercise, in Norway. (Bloomberg) -- Italy will need a decade to meet NATO’s planned defense spending target of 5% of GDP, Foreign Minister Antonio Tajani said on Thursday, as the alliance debates how quickly it can achieve the steepest military ramp-up since the Cold War.