Search Results for: EU commission
No breakthrough expected at Eurogroup despite Faymann visit, Juncker call
June 18th, 2015
Expectations are low for significant progress in Greece’s talks with its lenders at Thursday’s meeting of finance ministers in Luxembourg, despite a brief phone call between European Commission President Jean-Claude Juncker and Prime Minister Alexis Tsipras last night. A ...
EU Bank-Separation Bill Sets $112 Billion Trading Mark
June 16th, 2015
Banks with annual trading activities of more than 100 billion euros ($112 billion) would face added scrutiny from supervisors armed with a tool box of capital rules and separation powers in a draft European Union law. Envoys from the ...
European solidarity: The future of Europe and the euro depends on political leaders
June 15th, 2015
Will a Grexit Be the Lehman-Like Trigger of the Next Global Financial Crisis? European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany ...
What is the cost if Greece exit Eurozone?
June 15th, 2015
Grexit to Cost the World One Trillion Euros in Losses Greek Finance Minister Yanis Varoufakis has estimated that Grexit would cause the international economy a trillion euros in losses, besides, there will be a considerable political damage as “the ...
EU and IMF sign an Agreement for a €8 million Fiscal Reforms Program in Southeastern Europe
June 12th, 2015
The European Union (EU) and the International Monetary Fund (IMF) signed a grant agreement for a €8 million (US$9 million) capacity development program on fiscal reforms in Southeastern Europe (SEE). IMF Deputy Managing Director Carla Grasso made the following ...
Fast Facts about the Debt Crisis in European Countries
June 11th, 2015
Here’s a look at the European Debt Crisis which has affected the countries of Cyprus, Greece, Ireland, Italy, Portugal and Spain. Cyprus: July 11, 2011 – A munitions explosion at a naval base kills 13 people and destroys the ...
EU says time for Greek ‘happy ending’
June 11th, 2015
EU Commissioner Pierre Moscovici has said a Greek debt deal is close but needs a “happy ending”, as Greek Prime Minister Alexis Tsipras pushes for an agreement in Brussels. After a late-night meeting with French and German leaders, Mr ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
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 ...
