Foreign Banks Hold US$ 800 Bln Of Arab Funds: Economic Expert
Dr. Salah Gouda, Economic Adviser to the European Commission, stated that the value of Arab funds held by foreign…
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European Commission
EU Says Euro Zone To Shrink In 2013 As Unemployment Rises
The euro-area economy will shrink in back-to-back years for the first time, driving unemployment higher as…
EU Offers Banks Chance To Cut Fines In Rate-Fixing Probe: Sources
The European Commission wants to conclude its investigation into the fixing of lending benchmarks Euribor and Libor…
UK Prime Minister, US President: Action Needed To Stabilize Euro Zone
Action is needed now to stabilize the euro zone, No 10 has said - as David Cameron prepares to meet Angela Merkel…
EU Proposes Budget Increase for 2013
Officials from the European Commission are due to outline proposals on Wednesday for a 6.8% rise in the EU's budget…
European Shares Dip as Spain Concerns Weigh
European equity markets weakened on Wednesday as the boost given by speculation over further Federal Reserve…
Greek bailout crisis: EU welcomes austerity vote
The European Commission has welcomed the Greek parliament's decision to approve tough new austerity measures.