http://www.eubusiness.com Latest news on economic and monetary affairs in the European Union.<hr /> <p>Advertisement</p> <div><script type="text/javascript"><!-- google_ad_client = "ca-pub-3125363935929935"; /* MPU */ google_ad_slot = "4186015603"; google_ad_width = 300; google_ad_height = 250; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script></div><hr /> daily 1 2007-01-02T13:22:44Z http://www.eubusiness.com/news-eu/germany-finance.oqy The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which the EU has gone to great lengths to avoid during the current crisis. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. eurozone finance Germany debt bank 2013-05-24T12:51:15Z News Item http://www.eubusiness.com/news-eu/eurozone-economy.oqx Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told AFP in an exclusive interview. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. eurozone finance Wieser banking INTERVIEW economy 2013-05-24T12:28:09Z News Item http://www.eubusiness.com/news-eu/ireland-tax-fraud.oqd Being "very open for business" is important for Irish jobs, Irish Prime Minister Enda Kenny said on Thursday as Dublin faced heat from the United States over a tax dispute involving Apple. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. fraud Apple computers tax IT Ireland 2013-05-23T13:57:48Z News Item http://www.eubusiness.com/news-eu/lithuania-economy.oq8 Lithuania on Thursday legalised growing hemp as of January for the industrial-scale production of textiles, making it the last of the EU's 27 members to give it the green light. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. parliament Lithuania US environment agriculture economy 2013-05-23T13:57:16Z News Item http://www.eubusiness.com/regions/china/investment-2 The European Commission decided today to ask the EU Member States for their agreement on a mandate to open negotiations on an investment agreement with China. This is the first ever proposal for a stand-alone investment agreement since foreign direct investment became the exclusive competence of the EU under the Lisbon Treaty. No publisher eub2 China Finance Trade 2013-05-23T11:41:52Z Guide http://www.eubusiness.com/topics/finance/olaf-2012 The thirteenth European Anti-Fraud Office (OLAF) Report, published 23 May, presents OLAF's activities in 2012. No publisher eub2 fraud Finance 2013-05-23T11:36:11Z Guide http://www.eubusiness.com/news-eu/italy-economy-trade.oq1 Italy's exports to countries outside the European Union fell by 0.7 percent in April from the March level, dampening hopes that sales abroad will spur recovery in the recession-hit country. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. indicator trade Italy economy 2013-05-23T10:46:58Z News Item http://www.eubusiness.com/news-eu/eurozone-economy.opz The downturn in eurozone private sector business activity eased in May, even as the recession continued, a widely-watched survey showed on Thursday. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. eurozone Headline2 PMI 2013-05-23T11:11:58Z News Item http://www.eubusiness.com/news-eu/cyprus-economy-bank.op7 Cyprus's central bank governor said on Wednesday the country's teetering economy could fall deeper into recession than previously thought. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. finance growth Cyprus bank economy 2013-05-22T13:44:43Z News Item http://www.eubusiness.com/news-eu/summit-economy-tax.oox EU leaders tackle tax fraud said to cost a trillion euros a year at a summit on Wednesday in the hope that tightening up the rules will help restore faith in European integration and raise revenue. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Headline summit tax finance 2013-05-22T09:18:16Z News Item http://www.eubusiness.com/news-eu/canada-bank-economy.oov Europe faces a "decade of stagnation" if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. Canada bank economy 2013-05-22T09:06:51Z News Item http://www.eubusiness.com/news-eu/cyprus-economy-gdp.oos Cypriot Finance Minister Haris Georgiades said on Tuesday the island could suffer a double-digit contraction in GDP this year as a result of swingeing cuts adopted in return for a eurozone bailout. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. GDP Cyprus finance economy 2013-05-21T20:34:56Z News Item http://www.eubusiness.com/news-eu/summit-economy-tax.ool Minimal tax paid by conglomerates are back in focus after US Senate criticism of Apple for stashing tens of billions of dollars in a network of subsidiaries across the globe. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. tax summit corporate economy 2013-05-21T20:33:19Z News Item http://www.eubusiness.com/news-eu/italy-tax.oof Italian Prime Minister Enrico Letta on Tuesday complained of "incredible hypocrisy on a European level" in the fight against tax fraud on the eve of a one-day Brussels summit dedicated to the issue. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. tax Italy 2013-05-21T20:31:40Z News Item http://www.eubusiness.com/news-eu/spain-germany.ooc Germany signed up Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. No publisher eub2 Text and Picture Copyright 2013 AFP. All other Copyright 2013 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable. unemployment Germany Spain economy 2013-05-21T15:12:17Z News Item