Search Results for: European Parliament
Italy found a solution for its troubled banks
February 16th, 2017
Italy’s parliament approved a law to plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other troubled banks as part of the nation’s efforts to revamp its banking industry. The lower ...
Sweden’s competition watchdog opposes a proposed tax on financial services companies
February 6th, 2017
Sweden’s competition watchdog has come out against a proposed tax on financial services companies, saying it would hit their ability to compete internationally and skew the domestic market. The opinion, published on the watchdog’s website, was sent to the ...
Grexit is back? Greece faces critical few weeks
February 6th, 2017
In the week of Groundhog Day it seemed entirely appropriate: Greek farmers, many on tractors, have once again been blockading roads and border posts amid mounting signs that the country long at the centre of Europe’s debt woes is ...
Pound to Euro Exchange Rate: Week Ahead Forecast
February 6th, 2017
Pound Sterling has pulled reversed recent gains against th Euro after being rejected at highs at 1.18 and is seen valued at 1.1580 ahead of the new week. Although the fundamental backdrop looks marginally more supportive to the Euro ...
Fresh legal challenge over Brexit goes to the High Court
February 3rd, 2017
It is being brought by a group of campaigners who want a “soft Brexit” and to keep Britain in the European single market. They include Peter Wilding, chairman of the pro-Europe pressure group British Influence, who is credited with ...
The Supreme Court published the Brexit Judgment
January 24th, 2017
The Supreme Court of the United kingdom has issued an announcement to make publish its Judgment regarding the Article 50 and Brexit. Below is the Judgment as it was published: R (on the application of Miller and another) (Respondents) ...
Italy to bailout Monte dei Paschi di Siena bank with €20bn rescue fund
December 22nd, 2016
A €20bn (£17bn) rescue fund for Italy’s banking sector has been approved by the country’s parliament, heralding a bailout of the world’s oldest bank, Monte dei Paschi di Siena (MPS). The bank said late on Wednesday that it had ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Scotland unveils proposals on how to remain in the EU single market after Britain leaves
December 19th, 2016
Scotland will publish proposals this week for how it can remain in the European Union‘s single market after Britain leaves the bloc, in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. ...
EU could strip the City of London of its euro clearing business
December 18th, 2016
The European Union could once again try and strip the City of London of its euro clearing business, according to a Financial Times report. The FT reports that European Commission is considering a change that would allow the European ...
