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Tag Archive | "eurozone"

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.

Poles will have to okay eurozone entry ‘in referendum’

Wednesday, April 3, 2013

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Poland's Finance Minister Jacek Rostowski, pictured during a meeting in Paris, on November 30, 2012

Poles will have to okay eurozone entry in a referendum, a senior minister said, echoing the prime minister's recent endorsement of a public vote on joining the unpopular currency union.

Poll finds most Poles reject eurozone

Wednesday, April 3, 2013

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The sun sets on the freezing Wisla river in the Polish capital Warsaw on January 30, 2012

Nearly two-thirds of Poland's citizens oppose joining the debt-laden eurozone, a decision the European Union member is to take after elections in 2015, according to a poll published on Tuesday.

Cyprus brinksmanship could spin out of control: analysts

Wednesday, April 3, 2013

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People queue outside a Laiki (Popular) Bank branch in Nicosia to withdraw money from an ATM cash machine, March 21, 2013

As the EU raised the spectre of a eurozone exit for Cyprus, experts warned on Thursday of the consequences of brinksmanship from Brussels to Moscow in the race to fix new bailout terms.

ECB threatens to pull plug on funding to Cyprus

Wednesday, April 3, 2013

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A policeman stands next to graffiti, reading "Thieves," at the Laiki (Popular) Bank in Nicosia, on March 20, 2013

The European Central Bank threatened Thursday to pull the plug on its emergency funding to Cyprus unless Nicosia can secure a bailout deal with international creditors by next week.

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