Europe

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I.M.F. Torn Over Whether to Bail Out Greece Once Again

As the International Monetary Fund approaches the seventh anniversary of the contentious Greek bailout, it is torn over whether to commit new loans to a nearly bankrupt Greece, the International New York Times reported. For more than a year, I.M.F. o ...

Daily Headline - global.abi.org - 04/23/2017 - 19:01 - 0 comments

Greece Hits a Bailout Target. The IMF Is Not Convinced

Eurostat is expected to validate on Monday. The surplus will be close to 4 percent of gross domestic ... bailout target was for a primary surplus of 0.5 percent of GDP. In spite of its better-than-expected ...

Daily Headline - global.abi.org - 04/20/2017 - 21:37 - 0 comments

Protectionism Is More Than a Political Statement

In Italy, the banks, according to the European Central Bank, are saddled with $385 billion of non-performing loans, which is one-third of the euro zone’s total. Three banks in Italy, including Monte dei Paschi, the world’s oldest bank, are struggling to ...

Daily Headline - global.abi.org - 04/20/2017 - 21:37 - 0 comments

London Finance Firm Seeks to Block Portugal Novo Banco Sale

A failed bidder for Portugal's third-largest lender Novo Banco has asked its lawyers to block the 1 billion euro (836.70 billion pounds) sale to U.S. fund Lone Star and told the central bank it should relaunch the bidding. London-based financial fir ...

Daily Headline - global.abi.org - 04/20/2017 - 21:40 - 0 comments

Alitalia Workers Vote on Cuts to Stave Off Bankruptcy

Alitalia employees are voting on whether to accept a government-brokered deal to save Italy's flagship airline from bankruptcy, the International New York Times reported on an Associated Press story. Some 12,500 Alitalia workers began voting Thu ...

Daily Headline - global.abi.org - 04/20/2017 - 21:41 - 0 comments

ECB Rate Hike Would Help Reduce German Current Account Surplus

The German government believes an interest rate increase by the European Central Bank (ECB) would help to reduce Germany's often-criticised export surplus, the Funke Mediengruppe newspaper chain reported Wednesday. The newspaper cited an eight-page ...

Daily Headline - global.abi.org - 04/19/2017 - 18:29 - 0 comments

Floating Currency Brings Instability for Small Countries

Those sceptical of Europe’s single currency can always find something to worry about: the biggest concern now is the imminent French presidential election. But aside from politics, which can make anything happen, notice that economic claims that the euro ...

Daily Headline - global.abi.org - 04/18/2017 - 22:20 - 0 comments

Modernisation of Luxembourg Company Law: New Rules on Divided Ownership of Shares

The Act of 10 August 2016 (the "Act") modernising the Luxembourg Companies Act of 10 August 1915, as amended, and amending certain provisions of the Luxembourg Civil Code, introduced new rules on the rights of bare owners (nu-propriétaire) and ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:17 - 0 comments - 0 attachments

Green Paper: Security and sustainability in defined benefit pension schemes

The green paper Security and Sustainability in Defined Benefit Pension Schemes (Green Paper) was published by the Department for Work and Pensions (DWP) on 20 February 2017. It explains how the current defined benefit (DB) pension system operates and out ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:10 - 0 comments - 0 attachments

The Shadow Hanging Over Central Bank Control

Every few decades or so, the world of central banking turns upside down. Over the last 100 years we had systems in which central banks targeted a fixed conversion rate to gold, the supply of money in circulation or, more recently, a rate of expected futu ...

Daily Headline - global.abi.org - 04/17/2017 - 21:38 - 0 comments

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