Greece wants to shore up its banking system against the backwash of the country’s debt crisis and has commissioned a study on how to go about it, reviving speculation that some of its lenders could merge.
07/24/2010
— Filed under: Business
Tags: banks, Greece
Read more: small business loan
Relative yields on Europe’s junk bonds are poised to fall below their U.S. counterparts for the first time since June 2008 as concern the sovereign deficit crisis will derail the region’s economic recovery recedes.
07/23/2010
— Filed under: Business, Finance
Tags: debt, Greece
The number of people unemployed in Spain, which has the highest rate in the euro zone, fell for the fourth month in a row in July as the tourism industry hired workers for the summer, the government said today.
07/19/2010
— Filed under: Business, Society
Tags: Spain, unemployment
The Spanish government on Sunday announced plans to slash incentives for new solar photovoltaic (PV) installations by up to 45 per cent, although it appeared to edge away from proposals that would have resulted in reduced support for existing installations.
A strike by air-traffic controllers affected flights Wednesday across France, resulting in cancellations of 10 percent of scheduled flights from Paris’ main international airport, the civil aviation authority DGAC said.
07/15/2010
— Filed under: Business, Society
Tags: fir-traffic, France, strike
European banks that failed an EU health check are detailing plans this weekend to raise €3,5bn of capital in a bid to reassure the markets before they open for trading tomorrow.
Italian renewable energy company ERG Renew (ENRT.MI: Quote) and Russia’s Lukoil (LKOH.MM: Quote) agreed to look at cooperating on renewable energy projects in eastern Europe and Russia, the companies said on Monday.
For the French press and opposition, French Labour Minister Eric Woerth and his wife got too close to the super-rich L’Oreal heiress, accused of plotting to evade taxes. Bad timing when Woerth is trying to institute unpopular pensions reforms.
06/1/2010
— Filed under: Business
Tags: L’Oreal, scandal, tax
A survey of senior executives from around the world, released Monday, shows the issue of government debt in Europe and elsewhere is weighing on the minds of world business leaders.
05/29/2010
— Filed under: Business
Tags: business leaders, sovereign debt
The European Commission has come forward with plans to levy a new tax on the region’s banks that is designed to protect EU citizens from further banking failures in the future.
05/17/2010
— Filed under: Business, Finance
Tags: European Commission, tax
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