The European Union may ban Iranian oil imports within a few months, while ensuring the embargo doesn’t hurt the region’s economy and international security, Belgian Foreign Minister Didier Reynders told De Standaard.
Dexia SA shareholder Groep Arco is seeking further information on the business plan of French unit Dexia Credit Local SA before it will agree to sign off on a 4.2 billion euro ($5.6 billion) capital increase, De Standaard reported, citing people it didn’t identify.
European Union budget enforcer Olli Rehn removed an obstacle blocking Spanish Prime Minister Mariano Rajoy’s path to a sovereign bailout, endorsing his deficit- reduction efforts as the recession deepened.
Telenet Group Holding NV should give up its monopoly of offering television services over its cable network, De Standaard reported, citing a market analysis report on behalf of the Flemish media regulator.
Peter Praet , who joins the Executive Board of the European Central Bank in June, said the ECB needs to raise interest rates “fast enough” as oil prices remain high, De Standaard reported, citing an interview.
The Belgian city of Ghent will withdraw 30 million euros to 35 million euros in deposits and short-term investments from Dexia Bank Belgium SA and KBC Bank NV, De Standaard reported, citing the city council.