Search Results for: Brussels
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Greek PM seeks meeting with top EU leaders as cash crunch deepens
March 17th, 2015
Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week’s EU summit, a Greek official said on Tuesday, as his cash-strapped government scrambles to stave off bankruptcy. As ...
Greece Grabs Cash as More Than $2 Billion in Payouts Loom
March 17th, 2015
Greece will begin debating measures to boost liquidity as the cash-starved country braces for more than 2 billion euros ($2.12 billion) in debt payments Friday. Unable to access bailout funding and locked out of capital markets, the government will ...
New President of the German Financial Supervisory Authority (BaFin)
March 16th, 2015
As from the beginning of March, Felix Hufeld is the new President of BaFin. He took over from Dr Elke König at the beginning of March. Dr König will be moving to Brussels to help set up and head ...
Juncker investment plan clears key EU hurdle
March 10th, 2015
European finance ministers on Tuesday approved the key components of Jean-Claude Juncker’s flagship investment plan, the EU’s effort to revive the continent’s flagging economy. Ministers from the bloc’s 28 member states approved the details of the scheme, as Italy ...
Varoufakis unsettles Germans with admission Greece won’t repay debts
March 10th, 2015
Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the ...
Remarks by Jeroen Dijsselbloem at the press conference following the Eurogroup meeting of 9 March 2015
March 10th, 2015
Remarks by Jeroen Dijsselbloem: Let me first report on our discussion on fiscal surveillance. In our meeting of 8 December we identified risks that seven Member States might not comply with the Stability and Growth Pact (SGP) in 2015 ...
Greece warns of referendum ahead of debt deal meeting
March 9th, 2015
Greek Finance Minister Yanis Varoufakis upped the stakes sharply ahead of Monday’s crucial Eurogroup meeting in Brussels by raising the prospect of Greece holding new elections or even a referendum on any debt deal. If eurozone ministers fail to ...
Creditors maintain tough stance as Greece presents reforms
March 5th, 2015
As pressure builds on Greece to implement economic reforms in order to secure crucial rescue funding, the country’s representative to the Euro Working Group on Wednesday presented to his eurozone counterparts the six proposals Greece intends to make at ...
Merkel says France reforms on ‘right track’
March 4th, 2015
German Chancellor Angela Merkel said Wednesday that French economic reforms put the country on the “right track” after Paris won a two-year delay from the EU to get its budget deficit back within Brussels limits. “I think France is ...
