European Leaders News

Euro court fines Athens over funds to shipyard

Thursday, November 15, 2018 12:01:00 AM

The European Court has fined Athens 10 million euros plus another 7 million euros every six months until compliance for the state’s failure to recoup the state subsidy granted to Hellenic Shipyards SA (ENAE), the company which operates the Skaramangas shipyard.
IOBE: Property taxation harming the economy

Thursday, November 15, 2018 12:01:00 AM

The existing property tax framework in Greece hampers the expansion of its real estate sector, a report published this week in Athens has found. The study by the Foundation for Economic and Industrial Research (IOBE) noted that the introduction of the Single Property Tax (ENFIA), including its....
Euro under pressure as Italy sticks to deficit target in budget

Thursday, November 15, 2018 12:01:00 AM

The euro struggled below $1.13 yesterday as Italy stuck to its deficit target in a re-submitted draft budget and after confirmation that the euro zone economy grew at its slowest pace in four years in the third quarter. Major currencies traded in tight ranges in London trading hours, with the dollar....
Theresa May described the deal as 'the best that could be negotiated'

Thursday, November 15, 2018 12:01:00 AM

Theresa May’s Cabinet has given its blessing to a draft agreement on the terms for Britain’s withdrawal from the European Union, as well as an outline political declaration on the future relationship. The agreement was announced by the Prime Minister on the steps of 10 Downing Street after a....
Cabinet approves Brexit deal after marathon five-hour meeting

Wednesday, November 14, 2018 11:57:00 PM

Theresa May’s Cabinet has given its blessing to a draft agreement on the terms for Britain’s withdrawal from the European Union, as well as an outline political declaration on the future relationship. The agreement was announced by the Prime Minister on the steps of 10 Downing Street after a....
German Economy Shrinks Unexpectedly, Adding to Europe’s Risk

Wednesday, November 14, 2018 11:57:00 PM

BRUSSELS — Germany’s once unstoppable economy has gone into reverse, adding another threat to European stability just as Italy escalated its dispute with fiscal overseers in Brussels. The European Union’s bedrock economy unexpectedly shrank 0.2 percent in July through September compared with the....
EU to hit back if US imposes auto tariffs

Wednesday, November 14, 2018 11:55:00 PM

European Union Trade Commissioner Cecilia Malmstrom has warned the United States that Brussels has a list of retaliatory measures ready to go should Washington place extra tariffs on car imports from the bloc. She said the retaliation measures could target cars, agriculture or other goods, but such....
Provisional UK Brexit deal with EU difficult to secure, says Barnier

Wednesday, November 14, 2018 11:55:00 PM

As the EU’s chief negotiator revealed the withdrawal agreement and political declaration on the future deal in Brussels, he said the documents offered evidence of “decisive progress” in the talks. Barnier told reporters in a press conference, however, that he recognised that the “path is still long”....
EU to hit back if US imposes auto tariffs

Wednesday, November 14, 2018 11:52:00 PM

European Union Trade Commissioner Cecilia Malmstrom has warned the United States that Brussels has a list of retaliatory measures ready to go should Washington place extra tariffs on car imports from the bloc. She said the retaliation measures could target cars, agriculture or other goods, but such....
Talks Between Serbia, Kosovo Must Be Backed by Previously Agreed Trust-Building Measures, Special Representative Tells Security Council

Wednesday, November 14, 2018 11:52:00 PM

) to the 15-member Council. Mr. Tanin said that prospects for decisive progress in the European Union-facilitated negotiations between Belgrade and Pristina had improved with support from both sides of a new framework for a comprehensive agreement, including the possibility of territorial exchange.
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