Irish pose next democratic test for EU austerity

When voters in Greece and France got the chance, they dealt a resounding «No!» to parties backing austerity measures. The Irish could be next to give the European Union’s austerity plans a black eye.

05/11/2012 — Filed under: Politics
Tags: democratic test, EU
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EU Commission wants Greece to stay in euro zone

Greece must respect its commitments, Commission says (Adds more quotes, background)

05/10/2012 — Filed under: Politics
Tags: EU Commission, euro zone, Greece

Parents could be given free vouchers for parenting classes

PARENTS in Wales could be given free vouchers for parenting classes, in plans to be announced by the Coalition Government.

05/9/2012 — Filed under: Society
Tags: parenting classes, vouchers

Interpol Ups The War Against Cyber Crime

Interpol said Tuesday it is making the war against cyber crime a main priority this year as online fraud crosses borders and increases in scope.

05/8/2012 — Filed under: Crime
Tags: cyber crime, Interpol

Italy Market Regulator Head Urges Use Of EU Regulations

Italy’s head of the country’s market regulator Giuseppe Vegas said Monday it’s necessary to favor the use of European Union regulations, rather than directives, as a legislative tool for financial regulation.

05/7/2012 — Filed under: Finance
Tags: founds, Italy, markets

EU can’t alter agreed fiscal rules — Germany

The European Union cannot amend agreed rules on tighter fiscal discipline despite voters’ rejection of austerity policies in several countries, and France’s new leader must understand this, Germany’s finance minister said on Monday.

05/6/2012 — Filed under: Finance
Tags: fiscal rules, Germany

EU keeps tight rein on bank penalties

Lloyds Banking Group and Royal Bank of Scotland should not count on securing softer bailout penalties, the EU’s top competition enforcer has warned, as he expressed confidence the banks would meet Brussels deadlines for forced sell-offs.

Following speculation that the state-backed banks might attempt to revisit the sanctions imposed for accepting public money, Joaquín Almunia, the EU’s competition commissioner, said he had «no fear» the commitments would not be met on time.

05/5/2012 — Filed under: Business
Tags: penalties, Банк

Europe shares fall as data heightens growth fears

FTSEurofirst 300 down 0,4 pct, Euro STOXX 50 down 0,7 pct

* Euro zone manufacturing report fuels economic, fiscal concerns

* U.S. data casts shadow on recovery hopes

European shares fell on Wednesday after a weak euro zone manufacturing report heightened concerns about the region’s economic crisis and U.S. data dampened optimism that the world’s largest economy could drive growth on both sides of the Atlantic.

05/4/2012 — Filed under: Finance
Tags: crisis, euro zone

Volkswagen Group makes successful start to 2012

Sales revenue rises 26,3 percent to €47,3 billion (€37,5 billion) in first quarter
Operating profit up 10,2 percent to €3,2 billion (€2,9 billion)
Global market share of passenger car market improves to 12,2 percent (11,9 percent)
Automotive Division net liquidity at €15,8 billion

05/3/2012 — Filed under: Business
Tags: revenue, Volkswagen Group

Europe urged to focus on jobs as unemployment rises

Europe’s political leaders face growing calls to switch their focus from austerity-only policies and prioritise structural reforms, industrial regeneration and education to solve the jobs crisis, after unemployment in the eurozone rose to a new record high in March and as governments meet increasing resistance to spending cuts.

05/2/2012 — Filed under: Society
Tags: Europe, unemployment