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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 clear disagreement".

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 debt crisis.

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 Saturday.

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 Tsipras.

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.