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Experts predict that Germany's parallel economy is set to bottom out and then quickly regain momentum. They warn that billions in tax revenues could evaporate if the government does not take action.
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The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned. Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.
The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.
The Spanish economy has “turned the corner” but Madrid must do more to reduce unemployment and lower its debt burden, the International Monetary Fund says in its latest country report. “The recovery is clearly under way and, critically, labour
The outgoing center-left Slovenian government Thursday said it was halting all ongoing sales of state-owned companies until a new cabinet is formed after the parliamentary election in a week from Sunday. Calls for halting or scaling down privatization are dominating the ongoing election campaign.
A mountain village in Italy is offered for sale on eBay, with the few remaining inhabitants hoping that it can be saved from neglect by a wealthy investor
Maybe not so sound and profound but definitely an interesting proposition. I mean, really, who wouldn't want an Italian Village for $333k?
The impact of the ECB’s rate cut and targeted longer term refinancing operations may be limited.
FRANKFURT (Reuters) - European Central Bank President Mario Draghi faces a grilling after Thursday's policy meeting over forward guidance on interest rates after he hinted at a stronger message last week
Silvio Angius and Giorgio Bonomo of McKinsey & Co. write in The Wall Street Journal Europe that European banks face one of the biggest structural changes in their regulatory environment in 30 years.
A survey by Markit Economics indicated that the French economy may again be shrinking, slowing the pace of the bloc’s overall expansion.
The ECB has launched a raft of policy measures, but the calls for quantitative easing keep coming in, including from the IMF. The debate around QE could highlight a potential bind for the central bank.
An influential group of European economists said it remains unclear whether the euro zone has emerged from recession, despite official figures having recorded four quarters of economic growth.
France is synonymous with taxes and a new report released on Monday has revealed that France’s tax burden is now in the top three in Europe when compared to t
European Central Bank faces tough task in preventing Europe from sliding into a damaging deflationary spiral
A European Central Bank policymaker is voicing concern that Europe may be too tough on banks as they undergo “stress tests” to measure their financial resilience.
Portugal’s regulator suspends trading of Banco Espirito Santo after its share price crashes 17pc, reviving worries about the health of Europe’s banks
The European Central Bank plans to limit the amount of data it carries over from its asset review into a subsequent stress test as it tries to manage the burden from an unprecedented health check of euro-area lenders.
German MPs emphasise troubling lack of concern over Dublin's ‘shadow bank’ sector
The country has been hovering too long near stagnation and risks derailing a wider euro zone recovery, a group of economists said at a conference in Aix-en-Provence.
Former president to be formally investigated for corruption after being quizzed for 15 hours.
PARIS--France's prime minister Manuel Valls said he wished the European Central Bank would carry out asset purchases to support the euro zone's economies and to bring down the value of the euro on currency markets.
SAVERS are facing a fresh attack on the interest they earn on their money deposited in banks.
When badly designed, the regulation of service and network sectors risks creating barriers to the entry of new competitors or reducing the i...
A further slowdown in eurozone inflation in May was confirmed on Monday, as the cost of telecommunication and food kept prices low, confirming a problem that the European Central Bank recently sought to stem.
Consumer prices in 18 countries using the euro rose by 0.5 percent on the year in May, keeping them in the 'danger zone' of below 1 percent, the EU's statistics office Eurostat data said.
Prices fell by 0.1 percent on the month in May, with the cost of services down by 0.2 percent when compared with April.
The European Central Bank should consider a large-scale asset-purchase program, including buying sovereign bonds, if inflation in the euro-zone remains stubbornly low, the International Monetary Fund said on Thursday.
“During the crisis, key decision makers exhibited neither political leadership nor political courage. Rather than work towards containing total losses, politics led governments to focus on shifting losses to others. The result was massive destruction in some member states and a considerably higher total cost for Europe as a whole. European institutions could have been the last line of defense against this destructive dynamic but instead served to facilitate and enable the destruction.”
The IMF apologized to the U.K. for criticizing its deficit reduction plans although the fund's criticism had little impact. But its failure to recognize Greece's fiscal success has had real consequences.