U.K. banks should pay lower bonuses and retain the money to help strengthen their balance sheets, Deputy Prime Minister Nick Clegg said.
12/27/2011
— Filed under: Finance
Tags: banks, economy, U.K.
Read more: Clomid pas cher
Blockades by Italian lorry drivers on strike over fuel prices have led to the country’s biggest car-maker, Fiat, halting production at five factories.
12/26/2011
— Filed under: Business
Tags: Fiat factories, strike
Italy’s Prime Minister Mario Monti is in full liberalization swing. I know that Monti does not like the term «liberalization» applied to what he and his government are trying to do — maybe «normalization» is a more appropriate term, in that what Monti is attempting to do is to steer Italy in the direction which countries like the UK and USA have been following for years.
12/25/2011
— Filed under: Politics
Tags: Mario Monti, strike
Italy’s tax police have identified 7,500 Italians who last year hid around 50 billion euros in taxable income, according to the country’s tax police, the Guardia di Finanza.
Spain’s new government needs to enact more reforms to cut the country’s joblessness levels and its fiscal deficit, the EU’s top economic official said on Wednesday, stressing that youth unemployment was a big worry.
12/23/2011
— Filed under: Finance
Tags: budget, http://www.reuters.com/article/2012/01/11/eu-spain-deficit-idUSB5E7N500820120111, Spain
A 45 percent drop in UniCredit SpA shares over four days after Italy’s biggest bank announced a rights offer may deter European lenders from asking investors for help to meet requirements that they replenish capital.
12/22/2011
— Filed under: Business
Tags: stock sales, Unicredit
David Cameron yesterday slapped down a claim by Nick Clegg that Britain would one day sign up to the EU treaty he vetoed.
The Deputy Prime Minister said it would be accepted by the Government «in due course».
But the Prime Minister told MPs there was no chance of him changing his mind.
He said: «The situation is very straightforward. We did not sign the treaty because we did not get the safeguards that we received so that situation is not going to change.
«What our coalition partners put into the manifesto at the next election is entirely up to them.»
Mr Cameron’s remarks came as a draft treaty, agreed by the 26 European leaders who chose to forge ahead without the UK, emerged with significant concessions for Britain.
A leaked draft of the treaty changes that leaders will try to agree at the summit on January 30 shows that controversial reforms of the single market — which Britain has furiously campaigned to stop — have been left out.
Mr Cameron argued the single market — which gives British companies the same rights as other European firms looking for work in the EU — should not be tampered with, while Britain is excluded from discussions.
Meanwhile, the Chancellor George Osborne told MPs at the Treasury Select Committee yesterday that Britain was «prepared to consider» extra funding for the International Monetary Fund to help struggling Eurozone countries.
Mr Osborne said as long as other nations were included in the contribution he would consider increasing the UK’s contribution — but slammed the idea of a «unilateral» contribution from EU nations.
The Chancellor also issued a sharp warning to the banks against making big bonus payouts this year. Mr Osborne said industry had not had «a particularly successful year» which should be reflected in the level of the awards.
Giving evidence to the Commons Treasury Committee, he said he would be taking a «keen interest» in the bonuses paid by the part state-owned Royal Bank of Scotland.
«I am clear that — given the fact that this has not been a particularly successful year for banking — you would expect to see bonuses lower this year,» he told the committee.
12/21/2011
— Filed under: Politics
Tags: David Cameron, Nick Clegg
The leaders of France and Germany have vowed to speed up various measures to ease the eurozone crisis, as the euro flirted with new lows on the market amid signs of heightened banking tensions.
After winning the Teen Face of the Czech Republic competition last year, 12-year-old Mariana Bečková decided it was time to conquer the rest of the Continent in the Face of Europe competition, making herself the first Czech contestant in a beauty pageant that pushes traditional contest boundaries.
12/19/2011
— Filed under: Society
Tags: beauty contest, Czech Republic
Spain and Italy gave financial markets a boost Thursday as they successfully raised nearly euro22 billion ($27,98 billion) in two keenly watched debt auctions that showed renewed investor confidence in their attempts to get a grip on their debt problems.
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