2010 Report on Public Finances
By: EC Press Room | Thursday, June 17, 2010
Events in Spring 2010 have exposed the urgency of addressing the fiscal challenge in the euro area and the EU. Sovereign risk premia increased to unprecedented levels in Member States with perceived high budgetary and macro-financial risks.
10 principles, 5 years, 1 challenge: to achieve a European Digital Strategy that truly works for consumers
By: EBR | Tuesday, June 15, 2010
Major technological developments have significantly changed the way consumers live, shop, communicate, access employment offers, education, healthcare services, knowledge and information.
Cybersecurity - a key component in the new Digital Era
By: EBR | Tuesday, June 15, 2010
Safer internet and effective measures against cybercrime is a multinational issue that needs to be addressed through various channels involving multiple partners, from business, government and civil society, working actively together.
The Digital Agenda for Europe
By: EBR | Tuesday, June 15, 2010
The European Commission has just published its Digital Agenda, a key component of its EU 2020 Strategy. This highly political road map for the information society sector looks at delivering a smart, sustainable and inclusive growth.
What we need is a digital internal market!
By: N. Peter Kramer | Tuesday, June 15, 2010
European Commission Vice-President and Commissioner Neelie Kroes introduced the Digital Agenda for Europe, the first of the seven flagship initiatives under the Europe 2020 Strategy for smart, sustainable and inclusive growth.
Europe Bought Time and Not Much Else
By: EBR | Monday, June 14, 2010
Stock markets reacted euphorically to the massive rescue package announced to prop up crashing European economies. Passions cooled slightly as the market rally halted, but still, it seemed, all was as it should be.
Hedge Funds: The EP call for less speculation
By: Athanase Papandropoulos | Monday, June 7, 2010
On Monday, May 31st, members of the European Parliament voted for new ways to deal with managers and hedge funds located outside the EU, a proportionality system to regulate less risky funds more lightly, and rules on remuneration policies of short selling.
G20 officials see no deal on bank levy
By: Reuters | Thursday, June 3, 2010
The Group of 20 has pledged a string of reforms to financial regulation in a bid to avert a rerun of the worst financial crisis since the 1930s that forced governments to use trillions of dollars of taxpayer cash to shore up banks.
Luxury sector will outperform in 2010
By: EBR | Wednesday, June 2, 2010
Watches and spirits are set for a solid rebound this year, with LVMH, Swatch and Richemont top of the list of luxury stocks with the biggest upside, Paris-based luxury fund SG Gestion said.
To Save the Euro, Cut Red Tape
By: EBR | Tuesday, June 1, 2010
Bailouts and fiscal coordination are all well and good. But to get the growth needed to bring deficits under control, the euro zone needs to reduce its more stifling regulations, says Robert Zoellick. He's right.
Markets fret, but chance of big bank crash slim
By: Reuters | Saturday, May 29, 2010
This week's market jitters that banks were heading back to the darkest days of 2008 look overdone because lenders have vastly improved their assets and central banks stand ready with abundant funding.
Why the U.S. should support Europe′s rescue package
By: The Washington Post | Thursday, May 27, 2010
The European Union's decision to rescue Greece and to create a massive financial safety net for its other vulnerable debtors is a momentous event -- though success is hardly guaranteed. Contrary to popular belief, the main purpose was not to save Greece but to prevent another financial panic.
The grasshoppers and the ants – a modern fable
By: The Financial Times | Wednesday, May 26, 2010
Everybody in the west knows the fable of the grasshopper and the ant. The grasshopper is lazy and sings away the summer, while the ant piles up stores for the winter. When the cold weather comes, the grasshopper begs the ant for food. The ant refuses and the grasshopper starves.
Economic Governance divides France and Germany
By: Reuters | Thursday, May 20, 2010
Germany's curb on speculative trading has cast doubt on Europe's ability to build the sort of economic governance that many believe is now essential for the euro's survival. At the heart of the problem are core contradictions between France and Germany, with no easy solutions in sight.
Investment in Digital Economy holds key to Europe′s future prosperity
By: EC Press Room | Wednesday, May 19, 2010
Six out of ten Europeans regularly use the internet. However, if Europe wants to fully exploit the potential benefits of the digital economy, it must step up a gear and provide faster broadband and an internet people trust, improve citizens' skills, and encourage even more ICT innovation.
Rebuilding Trust in the Financial Sector
By: Business Week | Tuesday, May 18, 2010
Trust is the bedrock of financial institutions, according to authorities including, but hardly limited to, the two cited above. Yet trust in the financial sector lags even trust in government, itself now at a 50-year low, according to recent survey data from Pew, Edelman, and Harris.
Feeble Critiques: Capitalism′s Petty Detractors
By: EBR | Monday, May 17, 2010
When the twin crises erupted on Wall Street and Main Street, each one of them fierce in itself but far more frightening when they interacted, populists rushed forward to celebrate the demise of capitalism and, for added gratification, plunge their pitchforks into its dead corpse.
Greek Tourism ready for the Summer
By: EBR | Monday, May 17, 2010
Greece is the destination where comfort, style and culture are combined with sun, sea and joy to provide a true holiday experience. Greek tourism sector is investing at large in modernization, and is ready to welcome guests for the 2010 season.
Commission proposes reinforced economic governance in the EU
By: EC Press Room | Wednesday, May 12, 2010
The recent crises and the risk for the stability of the euro area have underlined vividly the interdependence and exposed the vulnerability of Member States, in particular inside the euro area. The European Union and Member States have taken coordinated and determined action.
European banks buy bonds after $1 trillion rescue package
By: Reuters | Monday, May 10, 2010
European central banks began buying euro zone government bonds under a $1 trillion global emergency rescue package agreed on Monday, sending the euro and European stocks and bonds surging on relieved markets.
By: N. Peter Kramer
