Acropolis, Greece

Greek banks reopen

Banks in Greece are reopening, following three weeks of talks on how to resolve the country’s debt crisis, the BBC reported on Monday. Greeks have been restricted to withdrawing a maximum of €60 per day from ATMs for several weeks, […]

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Acropolis, Greece

UK government prepares for possible Grexit

The deepening debt crisis in Greece has prompted warnings that the country may pull out of the eurozone. Amid reports of planned protests across Greece, the British government and


EU votes to cap cross-border and domestic card-based payment fees

Bank fees charged to retailers to process shoppers’ card payments are to be capped, the European Parliament announced on Tuesday. The payment fees are charged by banks belonging to

European Central Bank

Eurozone expected to be revived by bond-buying plan

  The European Central Bank (ECB) is expected to announce plans to buy government bonds in order to breathe life into the flagging euro zone economy by reducing the

European Commission

European Central Bank under pressure as Eurozone deflates

Eurostat, the statistical office of the European Union has estimated that annual inflation for the Eurozone is down to -0.2%, the Centre for Economics and Business Research ltd (CEBR) reported on

burning cigarette

UK tobacco and alcohol prices higher than the EU average


Ryanair proposes remedies to Air Lingus deal to win EU support

Irish airline Ryanair Holdings Plc (LON:RYA) has proposed a radical and unprecedented remedies package to win EU support for its planned buy of rival Aer Lingus Group Plc

David Cameron

UK prime minister pledges referendum on EU membership

The UK faces years of uncertainty over its place in the European Union, critics claim, after Prime Minister David Cameron promised to hold a referendum on membership of

Board room

European Commission debates proposals for board quotas for women

The European Commission will today debate proposals for quotas to increase the number of women on corporate boards. EU Justice Commissioner Viviane Reding supports a proposal that would require

The economic situation in Spain has triggered widespread protests

Unemployment in Spain reaches new heights as tourism trade slows

Unemployment in debt-ridden Spain rose by 1.7% in September, according figures released by the country’s Labour Ministry on Tuesday. The increase in unemployment last month follows an increase in

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