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EU Funding To Boost Caribbean EPA Implementation 5/25/2012 The Caribbean Development Bank and the European Union have agreed to fund a multi-million facility to aid members of the Caribbean Community in implementing the necessary reforms to allow them to fully benefit from the preferential trade conditions provided for in the CARIFORUM-EU Economic Partnership Agreement.
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EP Adopts 'Ambitious' FTT Resolution 5/27/2012 During a recent plenary session, the European Parliament adopted an ambitious
approach on a possible financial transactions tax.
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Tax Rates Inch Up In EU27 5/25/2012 In its 2012 edition of the publication 'Taxation trends in the European
Union', Eurostat, the statistical office of the European Union, highlights
the observed increase in value-added tax rates, corporate tax rates and top personal
income tax rates in 2012, among the twenty-seven European Union member states.
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Kirk Looks At Future Of US-EU Trade Relations 5/25/2012 After, earlier this month, the European Commissioner for Trade Karel De Gucht
had foreseen the possibility of a comprehensive free trade agreement between
the United States and the European Union in 2014, the US Trade Representative
Ron Kirk provided his view on US-EU trade policy during a recent speech in
London.
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EU Focuses On Growth 5/25/2012 Commenting on the outcome of the recent informal European Council meeting in
Brussels, European Council President Herman Van Rompuy announced that an agreement
had been reached on plans to work towards a growth strategy and on the need
to strengthen economic union to make it commensurate with monetary union.
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Luxembourg, Cyprus Discuss DTA Signing 5/21/2012 During a recent working visit to the Grand Duchy of Luxembourg, the Foreign Affairs
Minister of the Republic of Cyprus Erato Kozakou-Marcoullis held talks with her
Luxembourg counterpart Jean Asselborn, with the talks focussing on the planned
signing of the bilateral double taxation agreement between Luxembourg and
Cyprus.
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Luxembourg Defends Savings Tax Opposition 5/21/2012 During the recent European Union Economic and Financial Affairs Council meeting in Brussels, Luxembourg’s Finance Minister Luc Frieden defended
his decision to block the European Commission’s plans to negotiate new and
stronger savings tax agreements with third countries, insisting that given recent developments, the automatic exchange
of tax information is not necessarily the only solution to combating tax evasion.
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Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 Much to the deep annoyance and extreme frustration of European Union Tax Commissioner
Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s
plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco,
Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax
matters.
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EU Hails ETS Aviation Compliance Rate 5/18/2012 The European Commission has claimed early success with the extension of the European Union's Emissions Trading Scheme to flights in and out of Europe, reporting compliance with currently non-mandatory emissions-reporting requirements by more than 99% of operational airlines.
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ECJ Urged To Confirm Passenger Delay Compensation 5/17/2012 An Advocate General has proposed to the European Court of Justice that
it should confirm that a passenger whose flight is delayed by three hours or more
may seek flat-rate compensation from the airline.
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Italian Property Tax Slammed As 'Odious And Inequitable' 5/17/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori,
in the European Parliament, has described the new Italian tax on the value of overseas
properties and financial assets as only the latest in a long line of attacks on
the finances of Italian expatriates.
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EP Demands Accurate Information On Tax Evasion 5/17/2012 The European Parliament has recently passed a resolution calling for accurate
information on customs duty and value-added tax evasion in member states,
to protect the European Union’s financial interests and to prevent
misuse of its funds.
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Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/17/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
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EU's First EPA With African Countries Goes Into Effect 5/16/2012 The interim Economic Partnership Agreement between the European Union and four Eastern and Southern African states, Mauritius, Madagascar, the Seychelles
and Zimbabwe, went into effect on May 14, 2012.
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De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany
Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel
De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
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MEPs Agree Deal On Mobile Roaming Price Caps 5/14/2012 Data roaming and phone calls abroad for European Union consumers should be
much cheaper from July 1 this year, due to an agreement with the European Council
which has been endorsed by the European Parliament.
|
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Restrictions On Italian Private Tax Collectors Declared Illegal 5/11/2012 The Court of Justice of the European Union has decided the Italian provision
that private operators should have a share capital of at least EUR10m in order to be entitled to collect local taxes is contrary to European law on
freedom of establishment and freedom to provide services.
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Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
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Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank
tax in 2013, before subsequently abolishing the levy in 2014.
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Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta
Fernandez Curraz has recently defended the country’s budgets for 2012, insisting
that they are based on discipline and fiscal consolidation, to enable the government
to confidently overcome the crisis.
|
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EU Fails To Unite On Basel III 5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish
Presidency of the European Union, EU Economic and Financial
Affairs Council ministers failed to agree a common approach on the
issue of more stringent capital standards.
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EU, US Agree Common List Of 'Trusted Traders' 5/9/2012 The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade.
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Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has firmly ruled out the idea of completely renegotiating the fiscal compact,
agreed by twenty-five of the twenty-seven European Union member states back
in March, and aimed at strengthening budgetary discipline, following the election
of François Hollande as the new French President.
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UK Peers Warn Over Transaction Tax Implications 5/9/2012 The UK’s House of Lords has once again attacked plans by the European Commission for a Europe-wide financial transaction tax, warning that if introduced, the UK could account for 71% of the revenue it would raise.
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European Court Rules Software Functionality Not Copyright Protected 5/8/2012 In SAS Institute Inc. v. World Programming Ltd, the Court of Justice of the European
Union has made an important ruling in that computer functions, programming
languages, and data file formats could not qualify for copyright protection, and
that only actual software code was eligible for copyright protection.
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WIPO, EPO Agree To Support Patent Cooperation Treaty 5/8/2012 With the aim of further developing the international patent system within the
framework of the Patent Cooperation Treaty, the European Patent Office and the World Intellectual Property Organization have agreed on a comprehensive
three-year technical co-operation scheme.
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Spain Told To Amend Excise Duty Regime 5/4/2012 The European Commission has formally requested Spain to modify its rules
on excise duties to bring them into line with European Union legislation.
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Frieden Backs 'Inspirational' Swiss-German Tax Deal 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently underscored that
the Swiss-German bilateral tax treaty will greatly influence and will be ‘inspiring’
for the ongoing debate within the European Union on the taxation of interest.
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HMRC Will Not Appeal Stamp Duty Ruling 5/3/2012 The UK tax authority, HM Revenue and Customs, will no longer seek to impose Stamp Duty Reserve Tax on the issue of shares to depositary receipt issuers and clearance services outside the European Union following a recent legal ruling.
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ASEAN, EU Confirm Importance Of FTA Talks 5/2/2012 When the foreign ministers of the Association of Southeast Asian Nations and European Union held a meeting in Brunei on April 27, emphasis was
laid on the on-going negotiation of free trade agreements between the two
regions.
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UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier,
European Commissioner for Internal Market and Services, and Paul Tucker, the Bank
of England’s Deputy Governor for Financial Stability, have outlined their
views on policies for its better regulation.
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Ireland Completes Latest Bailout Review 5/1/2012 Ireland has achieved all the targets set under its bailout agreement, the European Commission, European Central Bank and International Monetary Fund have said in their latest quarterly review, news welcomed by the Irish government.
|
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Philippines Wins More Time In Booze Tax Case 5/1/2012 The government of the Philippines has confirmed that it has concluded negotiations
with the United States and the European Union on the reasonable period of
time for it to comply with the World Trade Organization ruling that
the excise taxes it applies on imported distilled spirits are
discriminatory.
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Ireland Details Planned Stability Treaty Legislation 4/30/2012 Ireland's Finance Minister Michael Noonan has outlined plans for future legislation that would implement key provisions of the European Stability Treaty, were the Irish people to vote in favour of adopting it at a forthcoming referendum.
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EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has
said in a recently adopted resolution that the European Commission’s proposed
financial transaction tax should be better designed in order to capture more traders
and to make evading it unprofitable.
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Dutch Opposition Shuns Austerity Path 4/27/2012 During an emergency debate in parliament, following the shock resignation of Mark
Rutte’s minority coalition, leader of the Dutch Social Democrat opposition
party Diederik Samson underlined the need to move away from the controversial
austerity course.
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Hollande Eyes Growth-Orientated Fiscal Compact 4/26/2012 With just days to go before the second round of presidential elections,
French Socialist candidate François Hollande, currently ahead of his rival
Nicolas Sarkozy in the opinion polls, recently welcomed remarks made by President
of the European Central Bank Mario Draghi on the need to conclude a eurozone
pact on growth, to complement the fiscal compact aimed at strengthening budgetary
discipline among member states.
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Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
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EU Parliament Backs Mandatory CCCTB 4/26/2012 The European Parliament has voted in favour of making mandatory the implementation of a Common Consolidated Corporate Tax Base among European Union member states despite sustained opposition from some nations.
|
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EU Data Watchdog Confirms ACTA Privacy Concerns 4/26/2012 The European Data Protection Supervisor has issued a further Opinion, deciding
that the Anti-Counterfeiting Trade Agreement may have unacceptable side
effects on the fundamental rights of individuals, if its measures are not implemented
properly.
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Ireland Launches Stability Treaty Campaign 4/24/2012 The Irish government has launched a public information campaign in the run up to next month's referendum on the latest deal designed to shore up the European Union's finances.
|
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Netherlands Intensifies Efforts To Combat VAT Fraud 4/24/2012 Dutch State Secretary for Finance Frans Weekers has recently unveiled details
of plans to give a new boost to the international fight against value-added tax fraud.
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EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the
European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10
regimes of both Jersey and the Isle of Man.
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Austria's Fiscal Policy Backed By Fitch 4/19/2012 Austria’s Finance Minister Maria Fekter has recently welcomed the triple
A rating accorded to Austria by ratings agency Fitch, which endorsed the government's 2012 budget consolidation package.
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EU Consults On Rules For Wirelessly Connected Devices 4/13/2012 The European Commission has launched a public consultation to ensure that
the rights of individuals are respected in the so-called "Internet of Things", where everyday objects, such as phones and cars, are wirelessly connected
to the internet through smart chips, and can collect and share data.
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Commission Adopts Report Calling For New EU AML Directive 4/13/2012 In light of the adoption in February this year of revised international anti-money
laundering standards by the Financial Action Task Force, and its
own review process, a report on the application in the European Union of
the Third Anti-Money Laundering Directive has been adopted by the European Commission.
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EU, US Adopt Commitment To Open FDI Regime 4/12/2012 Within the framework of the Transatlantic Economic Council, the European
Trade Commissioner Karel De Gucht has announced that the European Union and the United States have reaffirmed their commitment to a set of principles
for creating and maintaining an open, transparent and non-discriminatory international investment
regime.
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EU Agrees ECJ Submission On ACTA 4/6/2012 The European Commission has taken the next step in referring the Anti-Counterfeiting
Trade Agreement to the European Court of Justice, by agreeing on
the legal submission to be put before the Court.
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EU To Investigate Cross-Border Worker Taxation 4/6/2012 Tax provisions of European Union member states are to be scrutinized to ensure that they do not discriminate against cross-border workers, in a targeted initiative launched by the European Commission.
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US Announces New Challenge To EU In Airbus Case 4/6/2012 The Office of the United States Trade Representative has confirmed that it has requested the establishment of a World Trade Organization compliance panel to consider whether the European Union removed illegitimate subsidies to Airbus fully and in a timely manner.
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EUR800bn 'Firewall' Set In Place For Euro Zone 4/5/2012 During the recent meeting of European finance ministers in Copenhagen, euro
zone finance ministers agreed to a total capacity of around EUR800bn (USD1tn)
for the euro rescue mechanism, according to the German finance ministry.
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Ireland Receives Danish Bailout Loan 4/4/2012 Ireland has received EUR100m via its loan agreement with Denmark, funding welcomed by the Finance Minster who said that the bailout is helping the country rebuild its economy.
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De Gucht Calls For An EU-ASEAN FTA 4/4/2012 During his speech to the European Union – Association of Southeast
Asian Nations Business Summit in Phnom Penh on April 1, Karel De Gucht,
the European Commissioner for Trade, stressed that a comprehensive free trade
agreement was needed between the two regions.
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Air Passenger Claims Backed By EU Court Advisor 4/3/2012 An Advocate General to the European Court of Justice has found that an air carrier must provide care to passengers whose flights have been cancelled because of extraordinary circumstances such as the closure of airspace following the eruption of the Eyjafjallajökull volcano in a case brought by an Irish passenger against airline Ryanair.
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Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea
of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule
has put forward an alternative proposal, starting with a tax
imposed on the stocks and shares of companies listed on the stock exchange.
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EU Consults On Future Insolvency Law 4/3/2012 The European Commission has launched a public consultation on modernizing
European Union rules governing insolvencies, which have applied since May
2002 and set out how bankruptcies – of companies or individuals –
should be coordinated between member countries.
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UK House Of Lords Slams FTT Proposals 4/3/2012 European plans for a Financial Transaction Tax place the City of London under severe threat, a group of UK lawmakers has warned.
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ECJ Agrees Italian Tax Dispute Time Limitation 4/2/2012 The European Court of Justice has given its preliminary ruling that the
conclusion without further examination of tax proceedings pending before the Italian
Corte Suprema di Cassazione and Commissione Tributaria
Centrale, which were brought more than 10 years ago, is compatible
with European Union law.
|
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EU Deal Reached On Mobile Roaming Price Caps 3/30/2012 Data roaming and phone calls abroad for European Union consumers
should be much cheaper form July 1 this year, due to a provisional agreement between the European Parliament and the European Council.
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Austrian Lower House Backs Savings Package 3/30/2012 The Austrian national council has recently adopted the government’s savings
package, providing for savings between 2012 and 2016 of around EUR17.3bn (USD22.7bn) and for
additional tax revenues of approximately EUR9.2bn, achieved predominantly by closing
existing tax loopholes.
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COMESA Members And EU Discuss EPAs 3/29/2012 A delegation of MEPs from the European Parliament has recently held a consultative
meeting in Lusaka, Zambia, with the Chair of the Eastern and Southern Africa group of countries to discuss their Economic Partnership Agreement negotiations
with the European Union.
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Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and
Eurogroup President Jean-Claude Juncker expressed his reservations regarding
the idea of a tax on financial transactions, advocating instead that an alternative
be examined.
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Switzerland Snubs Tax Deal With Austria 3/28/2012 The Swiss government has no firm plans to conclude a bilateral tax agreement with Austria to resolve the longstanding issue of undeclared bank accounts held by Austrian nationals in the Confederation’s banks despite claims to the contrary by the Austrian government.
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Schäuble Concedes FTT Doomed To Failure 3/28/2012 In a shock announcement just ahead of a crucial euro zone finance ministers’ meeting in Copenhagen, German Finance Minister Wolfgang Schäuble has finally conceded that Franco-German plans for the introduction of a European tax imposed on financial transactions are doomed to failure.
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Schäuble Eyes 'Extended' Stock Market Tax 3/27/2012 German Finance Minister Wolfgang Schäuble has recently conceded that there
is little chance of a financial transactions tax at European Union level,
and has therefore advocated instead the introduction of an extended stock market
tax.
|
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SEC Enhances Cooperation With EU, Cayman Islands 3/27/2012 The United States Securities and Exchange Commission has announced that
it has established two memoranda of understanding with the Cayman Islands
Monetary Authority and the European Securities and Markets Authority, as
part of its long-term strategy to improve the oversight of regulated entities
that operate across national borders.
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EU Strengthens IPR Protection Body 3/27/2012 The adoption of a Regulation by the European Parliament and Council is seen
to be the first legislative delivery from the strategy of the European Commission towards a single market for intellectual property rights.
|
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Sweden Urged To Amend 'Discriminatory' Pensions Taxation 3/26/2012 The European Commission has officially asked Sweden to amend its tax rules
on pension funds because they are said to discriminate against non-resident pension funds compared to domestic
pension funds when it comes to taxing dividends distributed in Sweden.
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EU To Regulate Public Procurement Market 3/26/2012 The European Commission has proposed a Regulation that should help to open
worldwide public procurement markets and ensure European Union businesses
have fair access to them, while also aiming to ensure that all firms (both European
and non-European) are on an equal footing when competing for business in the European
public procurement market.
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US, EU Issue Joint Statement On Data Privacy 3/22/2012 A joint statement, following a conference in which both European Commission Vice-President Viviane Reding and the United States Commerce Secretary John Bryson
participated, confirms the deepening trans-Atlantic dialogue on commercial data
privacy issues.
|
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Switzerland, UK Supplement Withholding Tax Agreement 3/23/2012 Switzerland and the United Kingdom have
recently signed in Brussels a Protocol of Amendment that supplements the withholding
tax agreement of October 6, 2011.
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Semeta Eyes 'Political Compromise' On EU FTT 3/22/2012 During a recent meeting of members of the finance and fiscal committees in
the Danish parliament in Copenhagen, European Union Commissioner for Taxation
Algirdas Semeta once again underlined the need for a European financial transactions
tax (FTT) to partially fund the European budget thereby reducing national contributions, while acknowledging the need for a 'political compromise'.
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Switzerland, EU Discuss Tax 3/22/2012 Swiss President Eveline Widmer-Schlumpf and Federal Councillor Burkhalter have
recently met with top European Union representatives within the scope of a working
visit in Brussels, with the discussions focussing on current developments in
bilateral relations and in particular on strengthening cooperation in the area
of taxation.
|
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EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria
it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
|
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Germany Seeks To Iron Out Swiss Tax Deal Issues 3/19/2012 Following recent ‘constructive’ talks with his colleagues from Social
Democrat- and Green Party-led federal states, German Finance Minister Wolfgang
Schäuble has agreed to hammer out with Switzerland certain changes to the
bilateral Swiss-German tax deal, signed in September.
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European Aviation Fears EU ETS Backlash 3/19/2012 In joint letters, the heads of some of Europe's major airlines and aviation engine manufacturers have called upon European Union leaders to take action and stop an escalating trade conflict with China and other countries opposing the European Emissions Trading Scheme.
|
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China Under Attack Over Rare Earth Export Restraints 3/15/2012 The United States, European Union and Japan have jointly requested consultations
with China at the World Trade Organization concerning what they call the
latter’s unfair export restraints on rare earths, as well as tungsten and
molybdenum.
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Germany Defends VAT Rules For Art 3/14/2012 Germany’s State Minister for Culture Bernd Neumann has recently underlined
his grave concerns regarding the European Commission’s request that Germany
apply the full rate of value-added tax to the supply of works of art and
collectors’ items.
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EU Divided Over FTT 3/15/2012 Despite months of ongoing discussions, Europe remains divided and seemingly
no further forward on the controversial issue of a financial transactions tax.
|
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International Trademark Filings Set New Record 3/14/2012 2011 saw the highest number of international trademark applications ever filed
under the World Intellectual Property Organization’s Madrid
System for the International Registration of Marks with 42,270
applications, or a 6.5% increase compared to 2010.
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EU Data Protection Rules Still Not Comprehensive, Says Watchdog 3/12/2012 The European Data Protection Supervisor has generally welcomed the proposed
package for a reform of the European Union data protection law, but remains
concerned that it is 'far from a comprehensive set of rules'.
|
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Canada Committed To EU Trade Deal 3/8/2012 Concluding a Comprehensive Economic and Trade Agreement with the European Union is Canada's most important trade negotiating policy, the ministers in charge have said.
|
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European Commission Acts On Securities Settlement 3/8/2012 In an attempt to bring more safety and efficiency to the financial system in Europe,
the European Commission has proposed the establishment of a European common regulatory
framework for Central Securities Depositories, the institutions responsible
for securities settlement.
|
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Ireland Receives Latest Cash Injection 3/8/2012 The European Commission has given the go-ahead for Ireland's latest bailout payment, concluding that the country's austerity programme is strong and on track.
|
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Germany 'Modifies' EU-Contested Swiss Tax Deal 3/9/2012 Germany and the European Commission have reportedly resolved their differences
over the bilateral German-Swiss withholding tax deal aimed at preventing tax evasion.
|
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BT, Talk Talk Lose UK File-Sharing Appeal 3/7/2012 On March 6, 2012, two of the UK's largest internet service providers, British
Telecommunications and Talk Talk, lost their court appeal against the controversial
Digital Economy Act 2010, which contains provisions designed to crack down on
copyright theft over the internet, is contrary to European Union law.
|
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Obama Sets Out 2012 Trade Policy Agenda 3/6/2012 President Barack Obama has presented to Congress his 2012 United States
Trade Policy Agenda, which looks for a conclusion of negotiations for the extended
Trans-Pacific Partnership regional trade agreement, and enhanced trade enforcement
efforts to investigate unfair trading practices in other countries.
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Euro 25 Sign Up To Fiscal Compact 3/6/2012 On the margins of the recent European Council meeting in Brussels on March 1 and 2, twenty-five
European leaders, with the exception of the UK and the Czech Republic, signed
the Treaty on Stability, Coordination and Governance aimed at strengthening fiscal
discipline and introducing stricter surveillance within the euro area, in particular
by establishing a 'balanced budget rule'.
|
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Google's New Privacy Policy Raises EU Concerns 3/5/2012 Despite the concern expressed in the preliminary findings of the French
data protection regulator, Commission nationale de l'informatique et des libertés, the internet company Google has gone ahead with the application of
its new privacy policy from March 1, 2012.
|
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Belgium Urged To Extend Venture Capital Tax Break 3/5/2012 The European Commission has officially asked Belgium to amend its legislation
on tax credits for investing in venture capital.
|
 |
Ireland To Vote On Fiscal Compact 3/2/2012 Ireland is to hold a referendum on the European Stability Treaty, Prime Minister Enda Kenny has said, a deal he argues will help rebuild the country's economy and international reputation.
|
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MEPs Receive Public Petition Against ACTA 3/1/2012 The European Parliament has received a petition, signed by almost 2.5m people
worldwide, calling on its members 'to stand for a free and open internet
and reject the ratification of the Anti-Counterfeiting Trade Agreement'.
|
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German Bundestag Backs Greek Package 2/29/2012 The German Bundestag, or lower house of parliament, has recently adopted by a
large majority the second rescue package for Greece, designed to grant Athens
further financial assistance of a maximum of EUR130bn (USD175bn) until 2014.
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WTO Announces Progress On Trade Disputes 2/28/2012 The World Trade Organization's Dispute Settlement Body at its meeting
on February 22, 2012, established a panel to examine US anti-dumping measures
on Korean steel products, and adopted a report in respect of China's export restraints
on certain raw materials.
|
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Virgin Australia Announces Carbon Tax Surcharges 2/28/2012 Virgin Australia has outlined the surcharges it will add to flight prices in response to new Australian and European Union carbon pricing schemes.
|
 |
EU Opens FTA Talks With Armenia 2/27/2012 The European Union has confirmed its decision to launch negotiations with Armenia towards
a deep and comprehensive free trade area to boost bilateral trade
and investment ties.
|
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EU Takes A Look At Structural Banking Reforms 2/27/2012 Michel Barnier, the European Commissioner for the Internal Market and Services,
has appointed the members of the High-level Expert Group which is to examine structural
aspects of the banking sector in the European Union.
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Hungarian Lawmakers Back EU Fiscal Compact 2/24/2012 The Hungarian parliament has recently
adopted plans to join the new European Union fiscal compact, designed to
strengthen fiscal discipline.
|
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EU Refers ACTA To European Court 2/24/2012 The Commissioner for Trade, Karel De Gucht, has disclosed that the European Commission has agreed with his proposal to refer the Anti-Counterfeiting Trade Agreement to the European Court of Justice.
|
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Eurogroup Welcomes Agreement On Greek Policy Package 2/23/2012 The Eurogroup has issued a statement welcoming the agreement reached with the
Greek government on a policy package constituting the basis for the EUR130bn (USD172bn)
bailout programme, which is conditional on Greece finding another EUR325m in budget savings.
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