Europe

Faced with public outrage over tax-evasion scandals at a time of austerity budgets, European leaders pledged Wednesday to ensure that everybody—from high rollers to big multinationals—pay their fair share to cash-strapped governments, The Wall Street J ...

Daily Headline - global.abi.org - 05/22/2013 - 20:34 - 0 comments

The rising number of bad loans – both mortgage loans and those to businesses – and the reconfiguring of the banks so that they can lend profitably to support growth are the two main challenges to the Irish economy, according to the Central Bank’s second ...

Daily Headline - global.abi.org - 05/22/2013 - 20:34 - 0 comments

The International Monetary Fund urged the U.K. government to counter the effects of its austerity program by raising spending on infrastructure projects to avoid long-term damage to the nation's growth prospects, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 05/22/2013 - 20:35 - 0 comments

Germany has agreed to give jobs or apprenticeships to about 5,000 young unemployed Spaniards every year, under a deal signed by labour ministers from both countries in Madrid on Tuesday, the Financial Times reported. The deal reflects rising concern ...

Daily Headline - global.abi.org - 05/21/2013 - 21:55 - 0 comments

Italy's younger generation—38.4% of whom are unemployed, despite being the most educated in the ...

Daily Headline - global.abi.org - 05/21/2013 - 21:56 - 0 comments

Swedish prosecutors have questioned the former head of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday, Reuters reported. Prosecutors are looking int ...

Daily Headline - global.abi.org - 05/21/2013 - 21:56 - 0 comments

Since the financial crisis hit Europe in 2008, few issues have proved as divisive as deciding how to protect bank deposits, The Wall Street Journal Brussels Beat blog reported. A proposed European Union law that would force states to build deposit-gu ...

Daily Headline - global.abi.org - 05/21/2013 - 21:57 - 0 comments

Europe faces a decade of stagnation without “sustained and significant reforms,” Mark Carney, the incoming governor of the Bank of England, warned Tuesday. Mr. Carney, currently Canada’s top central banker, said Europe can draw lessons from Japan on the ...

Daily Headline - global.abi.org - 05/21/2013 - 21:57 - 0 comments

The International Monetary Fund is recommending short-term stimulus for much of Central Europe, where economies are going through their roughest patch in years and the recession in the euro zone has dampened hopes for a quick recovery, The Wall Street ...

Daily Headline - global.abi.org - 05/20/2013 - 23:00 - 0 comments

All the pieces of legislation concerning insolvency will be brought together into one Insolvency Code, and the Romanian Justice Minister Robert Cazanciuc plans to send the draft law of this code to the Government this summer, Romania-Insider.com reported ...

Daily Headline - global.abi.org - 05/20/2013 - 23:01 - 0 comments