Search Results for: European Commission
‘Bad politics’ could hold Greece back, says Barroso (Video)
April 2nd, 2015
There is nothing to prevent Greece once again being a successful country “except sometimes bad politics,” says Jose Manuel Barroso, the former president of the European Commission. Talking to Ben Thompson for Business Live on BBC World News, Jose ...
Greece says not backing down on debt relief goal
March 30th, 2015
Greece has not given up on its aim to renegotiate its debt to render it manageable, the country’s deputy finance minister said on Monday as talks between Athens and its lenders on reforms to unlock aid continue. “The government has ...
Bankers: Lebanon won’t drop banking secrecy
March 27th, 2015
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, leading bankers said Thursday. “Lebanon has no intention to abandon ...
Euro Working Group to discuss Greece on Wednesday
March 24th, 2015
The Euro Working Group (EWG) of eurozone technical staff is expected to convene on Wednesday, possibly via teleconference, to discuss, among other issues, a Greek request for the return of 1.2 billion euros from the European Financial Stability Facility ...
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
Lloyds sells 50% of TSB to Spain’s Sabadell bank
March 20th, 2015
Catalan bank buying TSB for £1.7bn is one of few banks to emerge stronger from financial crisis in Spain TSB has agreed a £1.7bn takeover by Spain’s Banco de Sabadell, with Lloyds Banking Group selling its 50% stake in the UK ...
Greece to draft new reform plan within days – EU leaders
March 20th, 2015
EU leaders say Greece has agreed to come up with a new reform plan within days to secure the additional bailout funds required to prevent bankruptcy. The development came after marathon talks between Greek PM Alexis Tsipras, German Chancellor ...
P. Moscovici: EU won’t keep Greece in Eurozone “at any price”
March 18th, 2015
The EU financial chief’s views expressed in Die Welt on Wednesday reflect those expressed by German Finance Minister W. Schaeuble last week European Monetary and Economic Affairs Commissioner Pierre Moscovici told German newspaper Die Welt on Wednesdaay that the ...
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 ...
Speech by Mario Draghi, President of the ECB at SZ Finance Day 2015
March 17th, 2015
Summary Europe needs to accelerate on its way to economic and institutional convergence. Due to falling oil prices, accommodative monetary policy and successful structural reforms, we can be optimistic about the economic outlook. The nascent recovery should be used ...
