An up-and-coming leader of Finland’s only Eurosceptic party has proposed a national referendum on leaving the European Union as well as on abandoning the euro in favor of a national currency.
THE HAGUE, Netherlands (AP) — The eurozone’s top official said “fatigue may have played a role” for comments he made last month that unleashed a storm of criticism across southern Europe. In an interview with Dutch newspaper De Volkskrant, published
Top eurocrats fear that should Marine Le Pen win the French presidency, the European Union will not survive. “From the [European] Commission’s point of view, success for Marine Le Pen is a disaster and an existential threat to the European
ATHENS (AFP) – Greece is close to a long-delayed deal with its creditors after months of tough talks, a senior official has said. “We are close to an agreement in coming days,” Greek parliament chief Nikos Voutsis told a European Left meeting
BRUSSELS (AP) — The eurozone’s 19 finance ministers will try to defuse the risk of another Greek crisis when they meet later in Brussels. Greece remains dependent on bailout loans from its partners in the eurozone to pay its debts.
WASHINGTON (AFP) – A top economic advisor to US President Donald Trump bashed Germany for exploiting an undervalued euro to take advantage of its trading partners, the Financial Times reported Tuesday.
ATHENS, Greece (AP) — An independent Greek parliamentary report has warned that Greece faces an increased risk of a fourth bailout – or even a default – if delays in negotiations with bailout lenders are not overcome in the next few weeks.
BRUSSELS, Jan 12 (Reuters) – Euro zone finance ministers will discuss on Jan. 26 the “compatibility” of Italy’s bailout for bank Monte dei Paschi di Siena with European Union rules, an official in the bloc told Reuters on Thursday.
German Vice-Chancellor Sigmar Gabriel has said “It is no longer unthinkable” for the EU to break apart in light of the Brexit referendum, migrant crisis, and ongoing troubles in the Eurozone.
Contents: Greece financial crisis threatened after Tsipras announces new spending program; IMF says that Greece’s budget must be ‘more growth-friendly’
PARIS (AFP) – France’s central bank Friday trimmed its growth forecasts for 2016 to 2018 citing a worsening of the global economy and Brexit, while Germany’s Bundesbank lifted its outlook.
Eurogroup chief Jeroen Dijsselbloem has dismissed as “intellectually impossible” the notion that Britain could retain unfettered access to the European single market while also cutting down on EU immigration.
LONDON (AP) — A closely watched survey shows that the economy of the 19-country eurozone lost momentum in September as businesses fretted over the potential impact of a series of political uncertainties. Financial information company Markit said Wednesday that its
Nobody yet knows the winner of France’s presidential election next year, but the smart money is on one loser: The three-percent cap on government deficits enshrined in eurozone rules.
As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.
LONDON (Reuters) — Eurozone governments have eased up on efforts to overhaul their struggling economies because the ECB’s ultra-easy monetary policy has pushed their borrowing costs to record lows, ratings agency Standard & Poor’s said on Tuesday. Speaking in London,
BERLIN (Reuters) – Eurogroup president Jeroen Dijsselbloem (pictured above) has criticised European Commission President Jean-Claude Juncker for saying that the European Commission has given France leeway on fiscal rules “because it is France”. “If the Commission President says that things
A vote to Leave the European Union (EU) is about more than immigration or the economy, but independence. The alternative — a vote to Remain — is not a vote for the status quo, but eventual integration into a European Superstate.
The Prime Minister David Cameron has ruled out a second referendum on European Union (EU) membership if this June’s result is a narrow win for those wishing to remain. “This is a referendum, not a neverendum” he tweeted.
The German government is blocking a Greek bailout in fear of being democratically replaced by the populist, Eurosceptic Alternative for Germany (AfD) Party. In “AfD is the major hurdle in the Greek bailout”, Die Welt’s deputy economics editor, Jan Dams, has
Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year’s chaotic bailout negotiations.
European ministers have explicitly laid out their intentions to create a federal Unites States of Europe, directly contradicting the British Prime Minister, David Cameron’s claims that Britain will not be sucked into a European superstate should the people of Britain
Contents: North Korea liquidates all commercial projects with South Korea; In desperation move, European Central Bank further lowers negative interest rates; ECB tries to target the velocity of money
(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are
Another recession in Europe could lead to the collapse of the Eurozone, a Swiss investment bank has warned. Credit Suisse said a new downturn would unleash political turmoil that could rip the single currency to pieces unless Europe’s policymakers find
The Eurozone is doomed to fail and should be put out of its misery as soon as possible, the former governor of the Bank of England has said. Lord (Mervyn) King of Lothbury says that further steps towards fiscal union
Eurozone inflation in February plunged sharply back into negative territory, data showed on Monday, in the clearest sign yet that several rounds of stimulus measures by the European Central Bank are not working. The ECB is under huge pressure to
(Reuters) – The Vatican’s foreign minister, Archbishop Paul Gallagher, voiced hope that Britain would stay in the European Union, suggesting its exit would weaken Europe, Britain’s Telegraph reported, citing his interview with ITV that aired on Wednesday. “I think we
HELSINKI (Reuters) – Finland’s parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns’ dissatisfaction with their country’s
The vitality and success of the City of London is not because of Britain’s European Union (EU) membership, but in spite of it. As the EU referendum date draws closer, passionate arguments on both sides will soon be overtaken by
The newly elected conservative government of Portugal is at risk of being toppled just 11 days after taking office. The President has warned that, were that to happen, Portugal will be “uncontrollable”. Portugal shows striking signs of following Greece down the
Greek Prime Minister Alexis Tsipras of the socialist Syriza party will reportedly step down and call for snap elections on September 20, rocking his already crisis-riddled nation with fresh wave of political turmoil. A formal announcement of his resignation is expected Thursday afternoon, along with a televised address to the Greek people.
HELSINKI (Reuters) – Greece will be a headache for the euro zone for decades, Finland’s eurosceptic foreign minister said, and called for the International Monetary Fund to participate in the Greece’s new bailout package. “Unfortunately, this problem will be in
Contents: Wave of violent terrorist attacks strike across Turkey; Vladimir Putin increasingly trapped as Russia’s GDP plunges 4.6%; Europe’s bond yields go negative
The Greek stock market was shut down five weeks ago, as the nation spiraled into an economic and political crisis, facing its final debt showdown with European creditors. The market just concluded its first day of trading since the shutdown, and the outlook is grim: the market lost 16.2 percent of its value on the first day back in business.
From Der Spiegel: After the Greek bailout disaster, Paris, Berlin and Brussels want to reform the euro zone by creating an economic government and a special tax for the currency area. German Finance Minister Schäuble is in favor, but Chancellor
No scene of political turmoil is complete until somebody gets investigated by prosecutors. Such is the fate of former Greek finance minister Yanis Varoufakis, who has become a darling of the anti-austerity, hardcore left ever since he departed his office on the eve of the 11th-hour bailout deal.
While Eurozone leaders scramble to find a new bailout deal for Greece to put off the country’s inevitable exit from the euro for another few months, they may find two new crises about to hit them. Spain and Portugal, two
Nigel Farage has slammed socialist French President Francois Hollande’s “desperate” bid for the revival of old plans for a ‘eurozone government’ as part of a plan to renew faith in the European project. Calling for further integration between member states as a
Despite endless promises to the contrary, British money will be used to help rescue Greece in a bid to keep the Euro currency alive. Almost £850 million of British taxpayers’ money is to be handed over after Brussels decided that a
