The European Commission’s most recent forecast should be a wake-up call for many countries. France, Italy and Spain are set to miss their budget targets unless there is quick government action. Portugal will probably be in breach of EU budget rules as well. The Commission said that the Euro zone growth will be slower than…
Category Archives: Germany
New EU Banking Initiatives
The Innovative Enterprise Conference took place recently in The Hague, where there was the creation of a new EU Secruritisation Instrument for European banks. This creation was announced by Commissioner Carlos Moedas, EIF Chief Executive Pier Luigi Gilibert and EIB Vice-President Pim van Ballekom. The SME Initiative Securitisation Instrument (SISI) is being launched by the…
Osborne Traveling to Germany
British finance ministers will be traveling to Germany tomorrow to call for a strong EU that will work for the “benefit of all 28 member states.” George Osborne will outline ways that London’s financial services can be better protected. His government is looking to achieve reforms in the British relationship with the EU. He is…
The Consequences if Greece Leaves
As Greece contemplates the idea of leaving the EU, it’s certainly worthwhile to read analyses about the consequences that these actions would have. One article points out that, should it come to Greece leaving the EU, “A Greek default on its around 240 billion euros in rescue loans would send another shock wave to the…
EU Taking Hit from Russian Food Ban
The Russian food ban for US, Canadian and EU consumers is certainly going to have an impact – but it will create an even bigger impact for Russia itself. As David Cohen, the Treasury Department undersecretary in charge of economic sanctions explained, “What the Russians have done here is limit the Russian people’s access to…
Second Thoughts About The Euro
We all have second thoughts about decisions we make. Some of them, however, are about more important topics than others. The leftwing opposition politician who helped to put the euro in place now says it’s time to abandon this currency. Oskar Lafontaine, Germany’s finance minister when the euro was adopted, now says that the enormous…
Germany Contributes 211 Euro to the EU
In a recent interview, Wolfgang Schaeuble, German Finance Minister, stated that Germany will not contribute any additional funds to the EU after the 211 billion euros which were approved by parliament. He said: “The European Financial Stability Facility has a ceiling of 440 billion euros (or $590 billion), 211 billion of which is down to…
Germany Investing in Egypt’s Future
In recent news, the German Ambassador to Egypt, Michael Bock, has made it clear that Germany will soon be investing more in Egypt. Bock said that Egypt is on its way towards more stability and growth after the recent growing pains it has experienced, and he said that the growth rates in the market should…
German BMW Manufacturing Investment
An additional $100 million will be invested into BMW Manufacturing’s Spartanburg County’s factory along with an X3 program to “further streamline the company’s export operation.” It is hoped this move will escalate efficiency, flexibility and environmental-friendliness. Various programs will be supported in this vein, alongside the company’s support of sustainable improvement. The BMW Manufacturing Co….
New PassPort Web Portal
Northern Trust just came out with a new web portal for its PassPort which “provides an intuitive experience that eases collaboration and data integration across Northern Trust’s global operating platform for asset servicing and asset management.” According to global head of product management for Corporate & Institutional Services at the company Paul d’Ouville, this tool…
