Sentence examples for financial bloc from inspiring English sources
The deal was announced on Thursday as a first step towards the creation of a financial bloc of emerging economies that are trying to become less reliant on the dollar as a trading currency and on developed nations as markets.
JOHN A. VITERITTI Southold, N.Y., Oct. 1, 2011 To the Editor: Re "The Bankers and the Revolutionaries," by Nicholas D. Kristof (column, Oct. 2): If parallels can be drawn between the Occupy Wall Street protests and the Arab Spring, an interesting distinction is that demonstrators here have identified the financial bloc and not government as the seat of power.
These countries represent a weighty financial bloc.
As the House took up a sweeping measure that would put new controls on businesses and financial institutions, a bloc of business-oriented Democrats threatened to withhold support because of their concerns about its impact on financial institutions.
Without the financial backing that Opposition Bloc and other major players like the Fatherland party or Poroshenko's Bloc have, Power of People has to take a grassroots approach to publicity.
For decades European officials have wanted the power to use the financial clout of the bloc to raise capital for big projects.
Supporters of the push have claimed that a withdrawal would benefit Britain by £350 million a week, through the cancellation of its financial contribution to the bloc.
Such are the divisions that E.U. diplomats say it is unlikely that the bloc's financial commitment would be settled at the summit meeting.
At the summit, the EU leaders are expected to take stock of the progress of the bloc's financial and economic policies.
Britain has by far the biggest concentration of financial services in the bloc, making it acutely sensitive to potential threats of greater regulation.
If that becomes reality, it would mark a significant shift in European Union policy toward North Africa, where the bloc's financial muscle has failed to force authoritarian leaders to change course.
