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Saturday, March 22, 2014
EU nations agree on rules to fight tax evasion
European Union nations on Thursday agreed on a sweeping policy to fight tax evasion after tiny Luxembourg dropped its reservations to new rules which render its secretive banking culture more transparent.
Friday, March 21, 2014
European stock markets fell heavily on Thursday, following Asia and Wall Street, as traders fretted over the prospect of an earlier-than-expected hike in U.S. interest rates.
EU member states and the European Parliament reached an accord Thursday on a new regulatory system designed to prevent a failing bank from wrecking the economy.
Thursday, March 20, 2014
The share of Russian gas in the total consumption of the 28 EU countries jumped by four percentage points to 27 percent last year, making it the top foreign supplier, data showed Tuesday.
Wednesday, March 19, 2014
Germany's constitutional court has upheld the country's participation in a fund that can bail out troubled governments in the eurozone.
Sunday, March 16, 2014
Moody's raised its rating outlook for the European Union to stable from negative Friday, citing the improvement of its members' finances and falling risks from the eurozone debt crisis.
Saturday, March 15, 2014
Spain reported Friday its public debt soared to a new record high in 2013 despite a slew of budget-cutting measures, ballooning to nearly 94 percent of the economy's entire annual output.
Spain slashed its trade deficit by nearly a fifth year-on-year in January as strengthening exports by Spanish firms boosted a timid recovery in the eurozone's fourth-biggest economy, the government said.
Thursday, March 13, 2014
Europe IT firms seize opportunity from spy scandal
European IT security firms have flocked to the world's biggest high-tech fair with hopes of benefiting from the fallout from shock revelations of mass U.S. and British spying.
Bank of England Governor Mark Carney on Tuesday sought to shield his institution from being dragged further into a global scandal over the alleged manipulation of foreign exchange markets.
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