Posts tagged "Brussels"
Spain Negotiates with Brussels for Bank Shareholders
MADRID – The Spanish government is negotiating with Brussels to limit losses to holders of preference shares under the 100 million-bailout approved for the Spanish financial sector, said the Financial Times on Wednesday, citing sources with first-hand knowledge of the conversations. According to the British newspaper, the Spanish government wants to return the full...
Inflation Rises by 2.7% in EU
BRUSSELS, Belgium - The energy prices increased the cost of living in the euro area last February, just as when the plants showed signs of recovery. The energy costs rose by 9.5% annual rate in the second month of the year and this contributed to estimates that consumer prices would rise to 2.7%, according to the...
Spain Strives to Lower Deficits
BRUSSELS, Belgium – Spain’s finance ministers of the euro zone were questioned on Monday because of the country’s high budget deficit. The deficit is on track to break the new rules harshest European Union (EU) this year, stressing that Madrid must reach its target by 2013. After announcing that the previous government failed to...
EU Discusses Spain’s Deficits
BRUSSELS, Belgium – Finance ministers of the euro zone signed the second rescue package for Greece on Monday and then brought their attention to Spain who is on the brink of breaking the new rules of the EU budget because they have failed to their deficit target this year. Greece signed a debt swap...
Belgium’s Wide Austerity Measures
BRUSSELS, Belgium – The Belgian government agreed to extend austerity measures €1.820 million euros ($2.390 million) to keep its budget deficit in 2012 within the European Union. After a week of talks, ministers from the coalition of six parties also decided to freeze another €650 million in expenses in the event that a weak...
