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Greece Passes 2014 Budget as Economic Questions Linger
The Greek parliament has approved a budget for the upcoming year, The New York Times reports. Greece’s 2014 budget, which passed the parliament by a narrow majority that was voted primarily along...
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Irish Banks Undergo Government Review
Ireland has completed a review of three of the country’s largest banks, pointing out potential capital shortfalls, Reuters reports. Ireland is one of the few true success stories on a European...
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Mario Draghi Hastens Calls for Banking Union
Mario Draghi, the chief of the European Central Bank, has added to calls for a banking union to be put into place in the European continent, Reuters reports. Such a union would create a zone whereby...
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Irish Emigration Poses a Threat to Economic Recovery
Generations of young people and skilled workers are leaving Ireland to seek out a better life abroad, the Financial Times reports. Ireland’s inflows and outflows of population have shifted drastically...
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Greek Unemployment Remains Startlingly High
Unemployment in Greece continues to nudge higher even amid talks of a recovery setting in for the country, Reuters reports. According to the official data provided by Greece’s statistics office, the...
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European Finance Ministers Inch Toward a Banking Resolution
European finance ministers have reached a tentative agreement on the basis for a plan to help ailing banks across the continent, CNBC reports. The plan for a so-called Single Resolution Mechanism...
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EU Tax Loophole Remains Open
A proposal to close tax loopholes currently existing under European regulations was shot down at talks between European finance ministers yesterday. The Savings Tax Directive was brought up in order...
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European Industrial Production Tanks in October
The latest data show that the eurozone’s economic recovery is still susceptible to external factors. Industrial production in the eurozone dropped by 1.1 percent in the month of October 2013, a sharp...
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Ireland Departs From Its Bailout Program
Ireland has officially exited its eurozone bailout program as of today, Reuters reports. In a landmark moment for the European Union, the first of the countries bailout out during the financial crises...
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European Parliament Moves Toward Banking Union
The European Parliament has begun to dig in its heels in the fight over the level of centralization of the Single Resolution Mechanism, Bloomberg reports. The mechanism, which is being established to...
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