Finance and Monetary Affairs in the EU

Latest business news about the Financial Policy in the European Union.

An overarching policy and strategy in financial services and financial markets ensures coherence and consistency between the various policy areas, such as banking, insurance, securities and investment funds, financial markets infrastructure, retail financial services and payment systems.

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LATEST NEWS

Greek protesters, police clash as MPs debate austerity plan — 12 February 2012, 17:52 CET

Greek police on Sunday used tear gas on petrol bomb-throwing protesters outside parliament where lawmakers were debating a new austerity plan aimed at staving off bankruptcy.

Greek police clash with protesters outside parliament: AFP — 12 February 2012, 17:22 CET

Greek police on Sunday used tear gas on petrol bomb-throwing protesters outside parliament where lawmakers were to vote on a new austerity plan.

Greek urged to pick lesser of two evils in crucial debt vote — 12 February 2012, 16:42 CET

Greece's future hung in the balance on Sunday as MPs debated new austerity measures to avoid default, with the finance minister urging lawmakers to pick the lesser of two evils.

Greece eyes debt restructure with private lenders by Feb 17 — 12 February 2012, 16:22 CET

Greece needs to restructure its debt through a bond swap with its private creditors by February 17 or face bankruptcy, Finance Minister Evangelos Venizelos said Sunday.

Greek parliament debates key austerity package — 12 February 2012, 14:17 CET

Greece's future hung in the balance on Sunday as parliament opened debate on new austerity measures to avoid default after the prime minister warned the nation was approaching "Ground Zero."

Greek parliament faced with crucial decision on more cuts — 12 February 2012, 13:39 CET

Greek MPs faced a showdown over the country's future Sunday as parliament prepared to vote to deepen austerity measures after the prime minister warned that the nation was approaching "Ground Zero".

Greek PM warns austerity needed to avert 'catastrophe' — 11 February 2012, 23:34 CET

Greek Prime Minister Lucas Papademos on Saturday urged parliament to pass painful austerity measures demanded by creditors, warning of "economic and social catastrophe" if it doesn't.

Football: Fans protest at Warsaw Euro 2012 stadium — 11 February 2012, 23:32 CET

Three thousand supporters of Legia Warsaw staged an angry protest on Saturday after a match scheduled to be the first at the city's Euro 2012 stadium was cancelled on security grounds.

Time to move on from euro crisis: Portuguese president — 11 February 2012, 13:02 CET

European leaders need to move on from the current focus on the eurozone financial crisis and take aim at other issues important to the region, Portuguese President Anibal Cavaco Silva said Saturday.

Protests in Greece after cabinet ok's debt deal — 11 February 2012, 23:33 CET

Thousands of protestors massed in Greece under heavy police watch Saturday after the government approved unpopular budget cuts to get vital rescue funds and avoid the "chaos" of a default.

Greek cabinet approves debt deal after PM warns of 'chaos' — 11 February 2012, 12:19 CET

Greece's cabinet Saturday approved tough austerity measures demanded by EU and IMF creditors after the prime minister warned that a failed debt deal and default would spark "uncontrolled chaos".

Greek government approves debt deal: PM's office — 11 February 2012, 00:34 CET

Greece's coalition government early Saturday "unanimously" approved a eurozone debt deal and accompanying austerity measures to avert a looming bankruptcy, the prime minister's office said.

Greece facing 'uncontrolled chaos' without debt deal: PM — 11 February 2012, 00:31 CET

Greece's prime minister on Friday warned his crumbling coalition that the country faces "uncontrolled chaos" without a debt deal while a two-day strike and protests in Athens left at least ten injured.

Europe's trust gone, Greece at crossroads — 10 February 2012, 18:07 CET

Europe's trust in Greece has gone -- the question now is exactly what conditions it will put on any new loans to whatever government emerges in Athens when and if the country's old debt is restructured.

Greek police demand arrest of EU-IMF mission over austerity — 10 February 2012, 18:04 CET

Greek police unionists have called for the arrest of head auditors from the EU, the IMF and the European Central Bank for destroying social cohesion with a tough austerity plan ongoing for a third year.

Greece heads for reshuffle amid strikes, EU diktat on debt — 10 February 2012, 18:03 CET

Greece's ruling coalition was headed for an emergency reshuffle on Friday with the country gripped by a two-day general strike and violent protests in Athens as a chaotic debt default looms closer.

Finland 'frustrated' with Greek bailout setback: minister — 10 February 2012, 15:18 CET

Finnish EU Affairs Minister Alexander Stubb expressed frustration Friday with Greece's failure to quickly push through biting austerity measures to secure a second massive bailout package.

EU confident Greece will agree to cuts for bailout — 10 February 2012, 15:17 CET

European Commission President Jose Manuel Barroso said Friday he was confident that Greece would enact "painful" and "extremely difficult" reforms to qualify for a new bailout package.

Clashes erupt on sidelines of Greek austerity protest — 10 February 2012, 15:17 CET

Greek protesters threw stones and firebombs at riot police who responded with tear gas in Athens on Friday as clashes erupted on the sidelines of a protest against new austerity cuts.

Merkel to meet Danish, Dutch, Estonian leaders on euro — 10 February 2012, 15:16 CET

German Chancellor Angela Merkel will hold talks with her Danish, Dutch and Estonian counterparts on Monday to discuss the euro crisis ahead of a European Union summit in March, her spokesman said.

Greeks strike in defiance of EU ultimatum on debt — 10 February 2012, 13:10 CET

Greece was hit by a new barrage of strikes and protests on Friday against draconian budget cuts in defiance of a eurozone ultimatum for even tougher conditions for a debt rescue.

EU pressures India over Iran nuclear programme — 10 February 2012, 15:16 CET

The EU on Friday pushed India to use its influence to get Iran to resume talks over its disputed nuclear drive, a day after New Delhi said it wanted to boost trade with the Islamic republic.

Eurozone gives Greece ultimatum for new bailout — 10 February 2012, 10:49 CET

Eurozone finance ministers put off a decision Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.

Iran, free trade pact top EU-India summit agenda — 09 February 2012, 23:13 CET

The European Union looks set to push India at a summit Friday to use its commercial and diplomatic influence to try to bring Iran back to the negotiating table over its disputed nuclear programme.

Eurozone stalls Greek cash aid despite austerity deal — 09 February 2012, 22:51 CET

Sceptical eurozone finance ministers refused Thursday to release a second bailout for Greece, despite a last-minute deal in Athens on austerity measures demanded by creditors.