The “rock star” took on the rock. And the rock won.
Germany’s Wolfgang Schaeuble, the “immovable object” in the words of one economist, stopped Greece’s charismatic new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout program on Friday on terms its government was just elected to get out of.
Portugal’s former prime minister, José Sócrates, spent a second night in detention after a criminal court judge questioned him in an investigation of suspected tax fraud, corruption and money-laundering.
With the World Health Organization now calling the Ebola outbreak a global emergency, the virus is no longer seen as a distant problem. That message is hitting home in France, a major hub for West African air traffic.
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.
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
Capping a six-month investigation, the International Consortium of Investigative Journalists (ICIJ) and its media partners are publishing a secret cache of leaked tax documents that show how multinational corporations throughout the globe routed profits through tiny and wealthy Luxembourg to reduce their taxes.
Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from the landlocked European duchy, that has been called a “magical fairyland” for brand-name corporations seeking to drastically reduce tax bills.
At an EU summit in Brussels Prime Minister Stubb has spoken out against suspending the EU’s cross-border programme with Russia in response to the Ukraine crisis. The project encourages closer trade and education ties between Finland and its eastern neighbour.
LONDON (Reuters) - The European Central Bank (ECB) on Thursday laid out plans to publish a trove of data on individual banks - ranging from measures of their leverage to a standard level of non-performing
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.
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.
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