Finance and Monetary Affairs in the EU
Latest news on economic and monetary affairs in the European Union.
- Greek banks weigh down stocks as bailout talks grind on — 04 August 2015, 15:18 CET
The Athens stock exchange slipped further Tuesday, weighed down by bank shares, as Finance Minister Euclid Tsakalotos prepared for a new round of talks with Greece's creditors on the terms of a mammoth new bailout.
- Euro volatile after Greek stocks turmoil - Euro Currency update — 04 August 2015, 10:59 CET
The Euro fluctuated over the course of the European session as the Athens stock market reopened following a five week closure.
- S&P downgrades outlook for EU after Greece crisis — 04 August 2015, 05:37 CET
Standard & Poor's has changed the outlook for the European Union from
stable to negative after the bloc's support for Greece and following
Britain's decision to vote on leaving the EU, S&P reported Monday.
- Greek stock market suffers record drop as shutdown ends — 04 August 2015, 00:31 CET
Greece's stock exchange suffered its steepest-ever fall on Monday,
plunging more than 16 per cent as trading resumed after a five-week
shutdown triggered by the country's debt crisis.
- Greek stock exchange to reopen after five weeks — 02 August 2015, 23:37 CET
All eyes will be on Greece's embattled banks on Monday when the Athens
stock exchange reopens after a five-week shutdown over the country's
debt crisis, with traders bracing for a volatile session.
- Germany wrong to propose temporary 'Grexit': French minister — 02 August 2015, 21:47 CET
French Finance Minister Michel Sapin said in an interview Sunday that
his German counterpart Wolfgang Schaeuble was "wrong" to propose a
temporary withdrawal from the euro for debt-laden Greece, evoking "a
- Varoufakis warns Spain could 'become Greece' — 02 August 2015, 10:57 CET
Spain could become like Greece if the same austerity policies are
imposed on the country, former Greek finance minister Yanis Varoufakis
said in an interview published Sunday.
- Greek bailout talks with auditors begin as market to reopen Monday — 02 August 2015, 10:55 CET
Senior EU-IMF auditors on Friday held their first meetings with Greek
ministers to finalise a new three-year bailout as the Athens stock
market prepares to reopen after being shut down for over a month by the
- Eurozone inflation, jobless rates unchanged — 02 August 2015, 10:55 CET
Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed Friday.
- Nationalisations, German probes in Greek contingency plan: report — 01 August 2015, 15:07 CET
Greece had a contingency plan in the event of being forced by creditors
into a disorderly default, which included nationalisations and a
corruption probe targeting German companies, a Greek newspaper reported
- IMF calls for Greek debt relief 'compatible' with EU agenda — 31 July 2015, 17:10 CET
The EU said Friday that the International Monetary Fund's calls for debt
relief for Greece are "fully compatible" with the agenda in Brussels for
negotiating a third Athens bailout.
- Finland seeks US explanation for sanctions on Finns over Ukraine crisis — 31 July 2015, 16:15 CET
Finland has asked the United States to explain why two Finnish citizens
and four enterprises have been slapped with sanctions over the conflict in Ukraine, the Finnish Foreign Ministry said on Friday.
- Greek PM defends Varoufakis over Grexit 'defence plan' — 31 July 2015, 15:09 CET
Greek Prime Minister Alexis Tsipras on Friday defended his former
finance minister Yanis Varoufakis over a Grexit 'defence plan' that has
led to lawsuits against the maverick economist.
- EU to extend relief for farmers hit by Russia sanctions — 31 July 2015, 12:27 CET
The EU said Thursday it will extend until next year a multi-million euro
aid package to help struggling European farmers hit by Russian sanctions over the Ukraine crisis.
- IMF 'will not join Greece bailout until debt concerns are addressed' — 31 July 2015, 10:59 CET
The International Monetary Fund said Thursday it would not join a new
bailout program for Greece until conditions for debt sustainability,
including debt relief and economic reforms, are clearly assured.
- Greek PM's Syriza party to hold congress in September — 31 July 2015, 00:32 CET
Greece's hard-left Syriza party, deeply divided over the reforms needed
to secure a new international bailout, on Thursday agreed to hold an
emergency congress in September as requested by Prime Minister Alexis
- US tightens Russia/Ukraine sanctions net — 30 July 2015, 22:12 CET
The United States ordered additional sanctions related to Russia and
Ukraine on Thursday, saying it aimed to fight evasion and align the US
effort closer to its international partners.
- Greek PM calls party congress on bailout in September — 30 July 2015, 16:11 CET
Greek Prime Minister Alexis Tsipras, under fire from his Syriza party
comrades over the EU-IMF bailout, has proposed holding an emergency party congress in September to determine government strategy.
- Irish economy posts further strong growth — 30 July 2015, 15:15 CET
Ireland's economy accelerated by 1.4 per cent in the first three months
of this year and expanded by more than previously thought in 2014, official data showed on Thursday.
- Santander bank reports profits surge on Britain, euro — 30 July 2015, 11:57 CET
Europe's biggest bank by capitalisation, Santander of Spain, said
Thursday quarterly profits surged 17.2 percent to 1.7 billion euros
($1.9 billion) on growth in markets including Britain and a weak euro.
- Greek PM threatens snap vote over party rebels' opposition to bailout — 29 July 2015, 21:48 CET
Greek Prime Minister Alexis Tsipras on Wednesday warned he would resort to early elections if hardliners in his party continued to resist an
unpopular new bailout deal that promised debt relief.
- ECB leaves emergency liquidity for Greece unchanged — 29 July 2015, 20:33 CET
The European Central Bank decided Wednesday to leave its emergency
credit lifeline for Greece unchanged, said a source close to the
decision who asked not to be identified.
- 'Deeds, no creeds': IMF's Lagarde says Greek acts crucial — 29 July 2015, 16:32 CET
International Monetary Fund Managing Director Christine Lagarde said
Wednesday that she is focused more on how Greece acts than what people
say about the reforms that creditors press for.
- Company Formation in Turkey — 29 July 2015, 11:36 CET
At Ketenci&Ketenci we regularly assist foreign corporations and investors to form new companies and branches in Turkey. Thanks to the Turkish Direct Foreign Investment regulation; foreign investors can incorporate or participate in all types of companies in Turkey which are available for local investors in accordance with the equal treatment principle.
- EU Strategy for the Alpine Region — 29 July 2015, 10:33 CET
The European Commission officially launched the EU Strategy for the Alpine Region (EUSALP) - the fourth EU macro-regional strategy - on 28 July. More than 70 million citizens will reap the benefits of a closer cooperation between regions and countries in terms of research and innovation, SME support, mobility, tourism, environmental protection and energy resources management. This macro-regional strategy concerns seven countries; five Member States - Austria, France, Germany, Italy and Slovenia - and two non-EU countries - Liechtenstein and Switzerland - overall involving 48 regions.