Fortune 500 Global

BRUSSELS (Dow Jones) – The European Commission will adopt , according to Economic and Monetary Affairs Commissioner Olli Rehn , a system of quasi- automatic sanctions may be imposed against the States, contrary to the EU budget rules. (Photo : EU)

" Penalties should be the norm , a quasi -automatic consequence in the [...]

BERLIN (Dow Jones) – Chancellor Angela Merkel has spoken out on Wednesday against a change in the calculation of the EU Stability and Growth Pact and rejected claims that a revised EU deficit calculation . ( Reuters photo

Speaking to journalists in Berlin , the Chancellor warned explicitly against a relaxation of [...]

Iveta Radicova : The Prime Minister of Slovakia established the exit of the events of earlier years. Source: AP
BRUSSELS / VIENNA . It is a once in EU history process: A member country distances itself from an EU decision, which has signed it himself – and is therefore now in the pillory. A "break the [...]

Italian Prime Minister Silvia Berlusconi pushes the debt brake. Picture: AP Source: AP
HB ROM. Italy presses on the debt brake. To rehabilitate the State budget, the government adopted an austerity package on Tuesday evening with a volume of 24 billion euros. The package must still be approved by Parliament, where heated debates are expected.
Prime Minister [...]

Exchange trader in Frankfurt. The Dax was able to save against the European trend on Tuesday even a slight increase.
HB BERLIN / FRANKFURT. The euphoria in the global financial markets over the gigantic Euro-shield is already gone after one day. The euro gave way and also in the equity markets, it went downhill at first, [...]