Member States News
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Updated 1 hour, 18 minutes ago
Investors are complaining that the European Investment Bank doesn’t deserve the same exemption from losses on its Greek bond holdings as the euro region’s central bank because it didn’t buy the notes to support monetary policy.
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European Union leaders signaled Spain must stick to its target for narrowing the budget deficit this year amid a weaker economy, highlighting Prime Minister Mariano Rajoy’s limited room to escape tougher EU rules.
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The following are comments by Italian Prime Minister Mario Monti made in an interview.
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The European Investment Bank’s bonds rallied after the development lender for the 27-member bloc was said to be getting a similar exemption from Greek debt writedowns to the euro area’s central bank.
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Euro-area inflation unexpectedly slowed in January as the economy cooled and governments cut spending across the 17-nation currency region.
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Feb. 28 marks the 10th anniversary of the last major outbreak of organized religious violence in India. Indeed, the riots in the western state of Gujarat in February and March 2002 might be said to be the last major episode of communal hatred in which the state was conspicuously an agent.
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Spain expects the European Union to review its budget-deficit target before the presentation of its 2012 spending plan this week, as last year’s slippage hampers efforts to tackle the euro area’s fourth-biggest shortfall.
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The European Parliament’s industry committee endorsed the option of withholding some carbon-dioxide permits to bolster prices in the world’s biggest emissions- trading system.
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U.K. Defense Secretary Philip Hammond held talks with Kazakh leaders as the military prepares for the withdrawal of personnel and equipment from Afghanistan by the end of 2014 along a northern route through central Asia.
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Austria’s regulators are discussing rules for its top banks that will curb excessive lending in eastern Europe with the European Commission, according to the Central Bank Governor Ewald Nowotny.
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