June 26, 2012 | having difficulty Viewing this email? view THE online version

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France Confirms EUR10bn Fiscal Shortfall

During a recent council of ministers meeting, French Finance Minister Pierre Moscovici presented a bill providing for a settlement of accounts together with a management report for 2011, confirming that a further EUR10bn (USD12.7bn) in additional fiscal revenues is needed to balance the budget.
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Ireland Will Not Participate In EU FTT

Ireland will not be one of nine European countries to apply a financial transactions tax, Finance Minister Michael Noonan has said.
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Morocco Unveils Plans To Relaunch Stock Markets

Morocco has recently unveiled details of its plans to re-launch the country's stock market and to boost its capital markets, notably by renewing fiscal incentives, by increasing transparency, and by improving and modernizing the legislative and regulatory framework.
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Eurogroup Takes Stock Of Eurozone Crisis

Luxembourg's Prime Minister and Eurogroup President Jean-Claude Juncker and the country's Finance Minister Luc Frieden have recently attended the latest Eurogroup meeting in Luxembourg, with the talks focussing on the budgetary and financial situation in the eurozone and in debt-ridden southern eurozone member states.
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US Senate Investigates Unemployment Insurance Overpayments

In a letter to the United States Department of Labor, the Senate Finance Committee Chairman Max Baucus and its Ranking Member Orrin Hatch have requested an update on its efforts to cut overpayments in half and prevent fraud in the Unemployment Insurance programme.
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