European finance ministers on Tuesday bid to unlock a trillion-euro annual crackdown on tax evasion, under pressure from EU leaders looking for new measures to boost job creation and growth at their Brussels summit next week.
The Portuguese government is signalling that it has reached an agreement with IMF and EU creditors on its latest radical austerity measures to correct public finances, after the constitutional court struck down some of the proposed policies.
German Finance Minister Wolfgang Schaeuble on Monday called for a "two-step approach" towards a European banking resolution mechanism, building on systems already in place in a number of countries.
As tens of millions languish on the dole with EU austerity blamed for deepening recession, finance ministers will switch their focus Tuesday from bailout negotiations to the pursuit of a trillion-euro annual tax-fraud bounty.
The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts.
The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts.
The European Commission will set out on Wednesday plans for universal access to current accounts with banks -- seeking to remedy an exclusion that Brussels calculates affects nearly 60 million adults across the European Union.
The European Commission will set out on Wednesday plans for universal access to current accounts with banks -- seeking to remedy an exclusion that Brussels calculates affects nearly 60 million adults across the European Union.
Portugal on Monday pushed ahead with deeply unpopular plans to slash 30,000 public sector jobs by launching talks with unions as part of a sweeping savings package to satisfy international creditors.
Leading EU officials meet later Monday to try and break a deadlock on the bloc's budget for the rest of the decade with a summit of feuding national leaders looming on May 22.
Tuesday, May 14, 2013
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