Search Results for: European Parliament
TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis
April 28th, 2016
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4 BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. ...
Europe Stocks Little Changed as Munich Re Falls, Barclays Gains
April 27th, 2016
European equities fluctuated, inching lower for the fourth time in five days, with investors increasingly skeptical about the recent rally scrutinizing earnings releases. Munich Re fell 3.5 percent, dragging insurers lower, after forecasting lower profit than previously expected. Barclays Plc climbed ...
Gramegna Confirms Luxembourg Corporate Tax Cut
April 26th, 2016
Luxembourg Finance Minister Pierre Gramegna confirmed to parliament on April 21 that the Government will gradually reduce the rate of Luxembourg’s corporate tax, but proposed restrictions to loss rules have been tweaked. Reaffirming plans first announced by the Government ...
Athens prepares for fresh round of bailout talks, possible extra measures
April 18th, 2016
Prime Minister Alexis Tsipras is holding a series of meetings on Monday ahead of the return of Greece’s lenders to Athens for the first bailout review. Tsipras is speaking to advisers and key government members as the coalition prepares ...
Greece’s Path to New IMF Loan Grows Even Rockier Following Leak
April 5th, 2016
IMF officials discussed smaller surplus target, WikiLeaks says Fund has been pushing euro-area nations to offer debt relief Greek Prime Minister Alexis Tsipras may be alienating the International Monetary Fund just when he needs it most. The IMF has ...
Why Japan’s plan to raise the number of lawyers it hasn’t worked out
April 4th, 2016
Japan is struggling with an unlikely problem: Its people aren’t litigious enough. Fifteen years ago, the nation kicked off a plan to double the number of lawyers. Officials thought they could breathe dynamism into society by mimicking the Western ...
Financial Policy Committee statement from its policy meeting, 23 March 2016
March 29th, 2016
1. The Bank of England’s Financial Policy Committee (FPC) assesses the outlook for financial stability by identifying the risks faced by the financial system and weighing them against the resilience of the system. In doing so, its aim is to ...
Egypt targets higher growth, deficit reduction in new government program
March 29th, 2016
Egypt promised tough action to restore growth on Sunday with a government program that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy. Prime Minister Sherif Ismail, reading out a ...
Cyprus to Exit From Bailout Program
March 8th, 2016
Country follows Ireland, Spain and Portugal, despite not completing a final task Cyprus will successfully exit from its bailout program this month despite not completing one final task required by its creditors, eurozone finance ministers said Monday. The island-state’s exit ...
Asian shares hit two-month high after solid U.S. job growth
March 7th, 2016
Asian shares hit two-month highs on Monday, extending sharp gains from last week, following upbeat U.S. jobs data, a rebound in oil and commodity prices and a flurry of reassurances from Chinese leaders that the economy would remain on ...
