“I have read the letter of the Prime Minister with great attention”. “I can sympathise with the European spirit and with the plea for a return to normality after so many efforts by the Greek people. For me, there is no doubt that the EU social acquis applies to Greece as to any other EU…
Category: ECONOMY
Sturgeon for second referendum for Scotland
Scottish First Minister Nicola Sturgeon demanded a new independence referendum in late 2018 or early 2019, once the terms of Britain’s exit from the European Union have become clearer. A vote that could tear apart the United Kingdom just months before Brexit would become a negative factor in the two-year process of leaving the EU…
Is EU Regulation Ready for Fintech?
Serge Turbin, OPINION Fintech is a booming sector at the intersection of financial services and technology. Increasingly, fintech startups and technology companies are entering the marketplace traditionally reserved for large financial institutions and intermediaries, such as banks and insurance companies. From TransferWise to Funding Circle, fintech firms are disrupting the status quo, by offering new…
Monte Paschi hopes for EU approval
The Italian Banca Monte dei Paschi di Siena is in hope to approve a draft restructuring plan at a board meeting on March 9, a source close to the matter said to Reuters on Thursday. The rescue operation is a significant step towards obtaining the approval from European authorities for state intervention to rescue…
No bail-in for Greece
“There must not be a bail-in,” Jens Spahn told German broadcaster Deutschlandfunk.Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, Germany’s deputy finance minister said in an interview broadcast on Sunday, reiterating the German government’s opposition to debt relief for Athens. “We think it is very,…
Brexit 'divorce' bill premature
German and Italian officials back Brexit chief negociator Michel Barnier over ‘divorce’ costs of 60 billion euros ($63 billion), first articulated by the Austrian Chancellor Christian Kern, becoming the first EU leader to put a value on the size of th, U.K.’s Brexit bill. The expert see the amount as a ‘punishment’ of the EU27…
Greek debt dilemma
In Germany a half of citizens are against offering debt relief to Greece and around three in 10 prefer Greeks to leave the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for…
Trudeau to address Europarl
Canada’s Prime Minister Justin Trudeau will deliver a formal speech to MEPs on the EU-Canada relationship on Thursday 16 February at 11.00 in the Strasbourg chamber. Mr Trudeau will be the first Canadian Prime Minister to address the European Parliament, Strasbourg. On Wednesday 15 February, Parliament approved the EU-Canada Comprehensive economic and trade agreedment (CETA)….
UK to walk away without a deal?
The UK departure without a deal as a concept appears persistently in different contexts, approaching the date of the triggering Article 50, promised by Prime Minister Theresa May in March, likely before the Treaty of Rome celebrations on the 27th, but after the Dutch general elections on the 15th. The UK officials do not wish…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
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