Search Results for: European Commission
End of energy isolation in the Baltics: How Gas interconnection works
October 19th, 2015
End of energy isolation in the Baltics: how the Gas Interconnector Poland-Lithuania (GIPL) works How does the Gas Interconnector Poland-Lithuania (GIPL) work? What changes The Governments of Poland, Lithuania, Latvia and Estonia, the European Commission, have reached an agreement ...
From Volkswagen to China: What Might Derail Germany’s Growth
October 5th, 2015
German economy seen expanding 1.9% in 2015 and 2% in 2016 Focus on domestic demand amid vulnerable export outlook Europe’s economic powerhouse is facing a test of might. Germany’s trademark industrial prowess has been called into question by Volkswagen AG’s ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
Investment Plan for Europe goes global: China announces its contribution to #investEU
September 29th, 2015
At the High Level Economic and Trade Dialogue in Beijing today, China announced its intention to contribute to the Investment Plan, as well as closer cooperation with the EU on investment issues in general. Today during the High Level ...
Methods of Tax Avoidance: Doubts Grow Over Fight Against Big Business Tax Evasion
September 24th, 2015
Lawmakers in the European Union say they have doubts that the fight against “aggressive” tax saving plans by the likes of Amazon, Barclays, Coca Cola, Facebook and Google can be sustained because of a lack of political agreement. The ...
Juncker Criticizes ‘Unjust’ EU Rules on Corporate Taxation
September 21st, 2015
Jean Claude Juncker has told Members of the European Parliament (MEPs) that the current rules on corporate taxation are “unfit for purpose and unjust.” The President of the European Commission made the remark during a joint meeting of the ...
Big Banks Agree to Settle Swaps Lawsuit
September 14th, 2015
Dozen banks, Markit and International Swaps and Derivatives Association to pay combined $1.87 billion Wall Street’s biggest banks have agreed to a tentative settlement over allegations that they conspired to rig the market for credit derivatives. Twelve banks and ...
ESMA consults on MIFID II standards regarding trading suspensions, data service providers and derivatives reporting
September 2nd, 2015
The European Securities and Markets Authority (ESMA) has published a consultation paper (CP) on the remaining draft implementing technical standards (ITS) under MiFID II on which ESMA has not yet consulted. This CP covers the following: (1) the suspension ...
Greek lawmakers back 3rd bailout after all-night debate
August 14th, 2015
Greek lawmakers approved their country’s draft third bailout in a parliamentary vote Friday that relied on opposition party support and saw the government coalition suffer significant dissent. The vote came after a marathon all-night session marked by procedural delays ...
Greece to get 6 billion euros in bridge loans if no agreement at Eurogroup
August 14th, 2015
Greece could get 6.04 billion euros in bridge financing if euro zone finance ministers cannot agree on the planned third bailout for Athens when they meet on Friday, according to German newspaper Bild, citing a European Commission proposal for ...
