Search Results for: EU commission
EEX Group achieves yet another record year in 2016
January 11th, 2017
Double-digit growth on the core markets – Product portfolio expanded – PXE becomes part of EEX Group The European Energy Exchange (EEX) successfully continued its growth story and was able to significantly increase its trading volumes in 2016. On ...
Leviathan gas pipeline via Cyprus to Greece would cost about $5.7 billion
October 27th, 2016
The EU Commission, which financed a feasibility study, has recognized the pipeline as a Project of Common Interest. A feasibility study conducted by IGI-Poseidon, which was commissioned by the EU Commission, has found that laying a natural gas pipeline ...
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
Why has Turkey locked up 3,000 judges?
July 20th, 2016
Alarm at arrest of 3,000 prosecutors and judges over past three days The Çaglayan Palace of Justice in Istanbul is normally deserted in the middle of July, when court officials take their holidays and only the most urgent cases ...
Brexit is getting the blame
June 17th, 2016
Brexit is not the most important problem facing markets, it is mounting problems in the European banks. But before looking at that systemic issue, I will summarise the Brexit position, from the trenches, in the last few days before ...
Russian gas from Greece to Italy; the New project
February 29th, 2016
Gazprom revives ‘Poseidon’ Adriatic link Gazprom has revived a project that would see an offshore pipeline built to bring Russian gas from Greece to Italy. The new project is named “Poseidon”. What remains unclear is how the Russian gas ...
A stronger Banking Union: New measures to reinforce deposit protection and further reduce banking risks
November 25th, 2015
Today, the Commission has proposed a euro-area wide insurance scheme for bank deposits and has set out further measures to reduce remaining risks in the banking sector in parallel. The recent crisis has shown that large economic and financial ...
Greek Banks Said to Face Recapitalization at Top of Range
September 24th, 2015
Auditors tell lenders they need to be more conservative Latest bailout package allocates 25 billion euros for banks Greek banks are being told by auditors some of their assets are overvalued, meaning they may have to raise close ...
Greece: Deal to go to Parliament after creditors’ approval
August 12th, 2015
After securing an agreement with representatives of Greece’s international creditors on Tuesday, Greek Prime Minister Alexis Tsipras must now consider how to push the deal through Parliament as efficiently as possible amid opposition at home and abroad. The deal ...
Greek Stock Market on Course to Reopen as ECB Gives Assent
July 29th, 2015
The reopening of the Athens stock market is one step closer. The European Central Bank on Tuesday approved proposals for trading rules to end the four-week closure, according to a spokeswoman for the Athens Stock Exchange. The timing of ...
