Search Results for: European commission
Leaders push for deal as creditors await revised Greek proposals
June 9th, 2015
Representatives of Greece’s creditors were on Monday awaiting revised proposals from Athens as international pressure mounted for a reform deal, with US President Barack Obama and German Chancellor Angela Merkel pushing for swift action to clinch an agreement. In ...
Google, Facebook at Center of EU Clash Over Cyber-Attack Law
June 8th, 2015
Google Inc. and Facebook Inc. are caught in the middle of a clash between European Union lawmakers on whether the U.S. technology giants should be covered by rules forcing companies to report cyber attacks to government agencies in the ...
Greece moves closer to eurozone exit after delaying €300m repayment to IMF
June 5th, 2015
Athens takes creditor by surprise, saying it will bundle together €1.6bn of debt payments due to International Monetary Fund and settle up on 30 June Greece has moved closer to default and possible exit from the eurozone after telling the ...
Tsipras, lenders point to progress after talks but differences remain
June 4th, 2015
After around five hours of talks in Brussels aimed at sealing an agreement with Greece‘s creditors, Prime Minister Alexis Tsipras told reporters early on Thursday that there had been progress, particularly vis-a-vis Greece’s primary surplus targets, noting however that ...
Greek Stalemate Leaves Tsipras Face Final Creditor Offer
June 3rd, 2015
Greek Prime Minister Alexis Tsipras will be told the details of a final proposal from creditors to break a stalemate over a financial lifeline as his country runs out of options to avert a default. After European leaders and ...
Athens expects proposal from creditors on Wednesday
June 3rd, 2015
Representatives of Greece‘s lenders were finalizing a set of proposed reforms for Greece on Tuesday, aimed at breaking an impasse in negotiations and allowing crucial rescue loans to be unlocked, even as Greece said it had submitted its own ...
Asia stocks subdued, euro and Aussie stand tall
June 3rd, 2015
A spike in U.S. and German debt yields reduced the appetite for riskier assets to keep Asian share markets subdued on Wednesday, while the euro held gains made on upbeat euro zone inflation data and on hopes that Greece ...
Top news of the day, June 02
June 2nd, 2015
Latest news: 1. European leaders and the head of the International Monetary Fund agreed to step up the intensity of talks over Greece’s fate after an extraordinary meeting in Berlin about ways to avert a default. The top-level huddle ...
Varoufakis fuels confusion over reforms as Juncker questions his role
May 27th, 2015
As Greece’s negotiations with its creditors enter the most critical phase, the country’s finance minister created fresh confusion on Tuesday with statements regarding possible tax reforms which were almost immediately revoked. Meanwhile, fuelling speculation about how much longer Varoufakis ...
Tougher rules on money laundering to fight tax evasion and terrorist financing
May 25th, 2015
The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”, such as investigative journalists, under new rules already agreed with the ...
