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Tag Archive | "eurozone"

Loans to eurozone businesses drop sharply: ECB

Wednesday, August 28, 2013

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Mario Draghi, President of the European Central Bank, ECB in Frankfurt, Germany, July 4, 2013

Lending to businesses in the debt-mired eurozone contracted sharply in July, data published by the European Central Bank showed on Wednesday, a potential source of concern for economic recovery.

ECB ‘in danger of overload’, says chief economist

Friday, July 12, 2013

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Peter Praet speaks at the German finance ministry on April 19, 2012

The European Central Bank risks being overloaded by its new and huge task of watching over banks, executive board member Peter Praet warned in a newspaper interview on Friday.

EU gives Latvia green light for euro membership

Tuesday, July 9, 2013

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View of the Latvian capital Riga from top of St. Peters Church on May 11, 2006

Economy and finance ministers from the 28 European Union countries gave the final green light to Latvia on Tuesday to join the eurozone on January 1 2014.

Greece seeing ‘silver lining’ in debt turmoil: Germany

Wednesday, July 3, 2013

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German Foreign Minister Guido Westerwelle greets reporters  in the foreign ministry in Athens on July 3, 2013

German Foreign Minister Guido Westerwelle said on a visit to Greece Wednesday that he believed the country was beginning to see a "silver lining" in its debt turmoil and urged international creditors to recognise its achievements.

EU ministers to thrash out tax clampdown

Sunday, May 12, 2013

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The Austrian National flag and the European Union flag fly in Vienna on April 10, 2013

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.

Poland may not be ready for euro for dozen years: minister

Friday, April 19, 2013

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Polish Finance Minister Jacek Rostowski, pictured in Paris on November 30, 2012

Poland's finance minister said Friday it may take a dozen years for the EU member to be ready to adopt the euro, adding there was no big need to rush to join.

Luxembourg tax-data exchange still under ‘reflection’: minister

Monday, April 8, 2013

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Luxembourg Finance Minister Luc Frieden arrives on November 26, 2012, at EU headquarters in Brussels

Luxembourg Finance Minister Luc Frieden said Monday that his government's apparent willingness to ease banking secrecy under pressure from international rivals was still under "reflection."

Eurogroup talks on Cyprus start four hours late

Wednesday, April 3, 2013

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Christine Lagarde (L) chats with Wolfgang Schaeuble on March 24, 2013 at the EU Headquarters in Brussels

Talks with Eurogroup partners on conditions for resurrecting a Cyprus bailout to avert a looming banking system meltdown finally got under way after a delay of four hours on Sunday, two European Union sources said.

Cyprus negotiations paying off, Anastasiades tweets

Wednesday, April 3, 2013

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President Nicos Anastasiades is pictured at a press conference in Nicosia on March 17, 2013

Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to be bearing fruit early on Monday, President Nicos Anastasiades indicated on Twitter.

Poland mulls referendum on eurozone entry

Wednesday, April 3, 2013

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Poland's Prime Minister Donald Tusk, pictured in Brussels, on March 15, 2013

Poland is considering a referendum on joining the eurozone, a move analysts say is a way of staking a claim in the ongoing reform of the debt-laden currency union, while signalling a more realistic accession timeline.

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