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France, Germany, Italy to make public anti-crisis plansThe leaders of France, Germany and Italy will make public the anti-crisis plans of their countries on Monday.
Source : topix.net | 14-Oct-2008 13:59
EU differs on resuming Russia partnership talks
By Mark John and Ingrid Melander
LUXEMBOURG (Reuters) - European Union foreign ministers differed on a possible restart of partnership talks with Russia Monday as questions remained over whether Russia had fully complied with a ceasefire pact with Georgia.
EU President France, backed by Germany, advocates an early relaunch of talks on a broad partnership agreement that were frozen after Russia's incursion into Georgia in August.
They would like to see a decision as early as Wednesday's EU summit in Brussels but Britain, Sweden and some ex-communist states say the bloc should not rush.
Source : topix.net | 13-Oct-2008 13:56
Did you guess Luxembourg? It's the sixth-smallest European nation
When I set out to visit the smallest countries in Europe, I put Luxembourg at the top of the list.
Source : topix.net | 12-Oct-2008 09:10
Bush Meets with G-7, Speaks of Crisis
President Bush spoke to the public from the Rose Garden Saturday after meeting with financial ministers from the G-7 nations.
Source : topix.net | 11-Oct-2008 19:10
Europe Struggles to Coordinate Response as Turmoil Worsens, Markets Tumble
European finance ministers struggled to agree on a coordinated response to the global financial crisis after European stocks dropped the most since 1987.
Source : topix.net | 11-Oct-2008 11:10
EU gears up for fight over executive pay, bail-outs
Luxembourg, Oct 7 : The European Union finance ministers were braced for confrontation with the financial sector Tuesday as they met in Luxembourg to discuss the financial crisis in general and executive pay in ...
Source : topix.net | 09-Oct-2008 11:06
Europe responds with 'meaningless' guarantee
European finance ministers failed to agree on steps to shore up the banking system hours after their countries' leaders pledged to do whatever was needed to restore confidence as the continent's stocks fell the ...
Source : topix.net | 08-Oct-2008 11:00
Eurozone finance ministers vow to protect big banks
Finance ministers of the 15- nation eurozone vowed on Monday to protect all big banks from breaking down in the finance crisis.
Source : topix.net | 08-Oct-2008 06:29
World markets slide as governments struggle to stem panic
World stock markets plunged again Tuesday as the global financial crisis deepened, with governments taking emergency measures to shore up confidence but failing to stem the panic.
Source : topix.net | 07-Oct-2008 10:46
ECB, euro nations try to soothe volatile markets
He spoke as European Union finance ministers discuss rules for guaranteeing all private savings - after Ireland, Germany, Greece, Austria and Denmark alarmed other European neighbors by declaring separately ...
Source : topix.net | 07-Oct-2008 06:24
Belgium to Avoid `Fire Sale' of Fortis Assets, Prime Minister Leterme Says
Belgium won't be forced into a ``fire sale'' of Fortis assets as it scrambles to rescue the country's largest financial-services company, Prime Minister Yves Leterme said.
Source : topix.net | 06-Oct-2008 21:22
Belgium, Luxembourg Near Accord on Fortis With a Major Bank, Frieden Says
Belgium and Luxembourg are close to a deal with ``one of the biggest international banking groups'' over the fate of Fortis, Luxembourg Budget Minister Luc Frieden said.
Source : topix.net | 06-Oct-2008 05:29
Belgian PM talking to private groups about Fortis stake
Belgium's prime minister said Sunday that he was in talks with private groups on the future of the troubled Fortis financial group and that there would be an announcement "within hours". Over the weekend the ...
Source : topix.net | 05-Oct-2008 21:18
IMF chief urges European leaders to work together
By Tamora Vidaillet and Anna Willard
PARIS (Reuters) - The head of the International Monetary Fund (IMF) urged European leaders Saturday to agree a coordinated approach to deal with the worst financial crisis since the 1930s.
French President Nicolas Sarkozy is hosting heads of government from Germany, Italy and Britain Saturday for a summit he hopes will restore confidence to the banking sector and help an economy on the brink of recession in much of the developed world.
"What counts above all is coordination and the will not to act each for himself as we have seen a little bit in some European cases," Dominique Strauss-Kahn, the IMF's managing director, told reporters after meeting Sarkozy.
Source : topix.net | 05-Oct-2008 16:45
European leaders meet to discuss credit crisis
European leaders are meeting in the French capital to discuss their approach to global financial crisis.
Source : topix.net | 04-Oct-2008 16:30
Sarkozy calls for limits on executive pay in France
French President Nicolas Sarkozy has declared war on corporate barons who fire thousands of employees, drive companies into the ground and walk away from the ruins with multimillion-dollar bonuses.
Source : topix.net | 04-Oct-2008 04:29
Greece's deposit guarantee deepens EU financial rift
LONDON. October 3. KAZINFORM. Europe's dispute over how to protect the banking sector from the financial crisis deepened yesterday when Greece joined Ireland in offering to guarantee savings in domestic banks.
Source : topix.net | 03-Oct-2008 16:04
France, Germany clash over US-style rescue package
France and Germany clashed over how to prevent a global credit crunch from sinking European banks, kicking off a version of the debate that has been raging in the US for two weeks.
Source : topix.net | 03-Oct-2008 07:50
US Senate passes financial bailout, but markets still gloomy
The US Senate passed a new version of a 700-billion-dollar bailout of the debt-stricken financial system, but the measure failed to lift global market gloom on Thursday.
Source : topix.net | 02-Oct-2008 18:36
EU calls for joint response to credit crisis
Europe needs to inject credibility into its efforts to tackle the current financial crisis, the EU Commission president said Wednesday, as a major U.S. banking bailout hangs in the balance.
Source : topix.net | 02-Oct-2008 10:27
Brussels: European banks hit by global crisis
THE global financial crisis took a toll on Europe yesterday, with top officials scrambling to save Fortis bank and Britain reportedly planning to nationalise mortgage lender Bradford & Bingley.
Source : topix.net | 01-Oct-2008 23:23
European powers to meet Saturday on finance crisis
Europe's four biggest economic powers -- France, Britain, Germany and Italy -- will meet on Saturday in Paris for talks on the global financial crisis, Eurogroup head Jean-Claude Juncker said.
Source : topix.net | 01-Oct-2008 15:18
Bush sees deal on bank rescue
After a rescue for US savings giant Washington Mutual in the biggest-ever US banking failure, shock waves hit European financial markets, with analysts describing interbank lending stresses as "apocalyptical" ...
Source : topix.net | 29-Sep-2008 15:14
Belgians and Dutch battle to maintain confidence in Fortis
Belgian and Dutch officials are keeping in close touch in the fight to maintain confidence in financial group Fortis as liquidity concerns hammer its shares, officials said Saturday.
Source : topix.net | 27-Sep-2008 15:00
Eurozone chief calls for quick action on U.S. bailout plan
Luxembourg Prime Minister Jean-Claude Juncker, who also chairs the euro group, called on Friday for quick action on the U.S. bailout plan to remove uncertainty from the market.
Source : topix.net | 27-Sep-2008 04:42
Ray's royal film earns him medal
From the left: Prince Felix, Prince Guillaume, Grand Duchess Maria-Theresa, Grand Duke Henri, co-producers Lynn Rothwell and Candice Allen-Olson, director Ray Tostevin and Joy Hoffmann of CNA of Luxembourg at ...
Source : topix.net | 26-Sep-2008 20:09
PBE in Belgium Decides to Introduce ESRI-based ArcFM UT from AED-SICAD
Sept. 23, 2008 - PBE is the supplier for electricity and cable TV and this for a large number of municipalities around Leuven in the western and eastern part of the provinces of "Vlaams-Brabant" and "Brabant ...
Source : topix.net | 24-Sep-2008 19:56
Ireland refuses timetable for EU treaty: minister
Juncker on Wednesday became the first European leader to admit that the treaty, aimed at streamlining the enlarged EU, would probably not be in force as planned next year and might even be delayed until 2010.
Source : topix.net | 22-Sep-2008 19:35
Financial crisis augurs badly for Irish Treaty revote
While the global financial crisis should not have a "huge impact" on the European economy, the downturn is not good for confidence and augurs badly for the adoption of the EU's Lisbon Treaty, Luxembourg Prime ...
Source : topix.net | 20-Sep-2008 19:14
Juncker rules out Lisbon treaty before 2010
EUOBSERVER / BRUSSELS - The European Union's Lisbon Treaty will not enter into force before the European Parliament elections in June 2009, as was initially hoped, and is unlikely to do so before 1 January 2010 ...
Source : topix.net | 18-Sep-2008 19:10
European economy faces fallout from global crisis
The European economy will suffer collateral damage from the crisis roiling the financial sector, although the extent of the fallout remains to be seen, ministers and analysts warned on Wednesday.
Source : topix.net | 17-Sep-2008 19:06
Impact of Latest Financial Crises 'Uncertain': Eurogroup Head
The impact of the latest US financial crisis on the real economy is "uncertain" but will probably not be too great on the eurozone economy, Eurogroup head Jean-Claude Juncker said Wednesday.
Source : topix.net | 17-Sep-2008 10:51
EU finance ministers reject stimulus package
European Union finance ministers meeting in the south of France for informal discussions over the weekend on a unified response to the darkening economic clouds agreed to boost loans to small and medium-sized ...
Source : topix.net | 16-Sep-2008 09:37
EU finance chiefs still see no end in sight to crisis
The crisis roiling the financial sector will probably grind on for some time, but European banks should be able to avert serious trouble, EU finance chiefs said.
Source : topix.net | 14-Sep-2008 09:35
EU ministers shun talk of recession
The 15-nation euro zone economy isn't on the edge of recession and doesn't need a major spending program to boost growth, Luxembourg Prime Minister Jean-Claude Juncker said Friday after leading talks between ...
Source : topix.net | 12-Sep-2008 22:50
Juncker stays on as 'Mr Euro' until 2010
Jean-Claude Juncker will stay on for another two years leading economy talks between the 15 nations that share the euro, officials said Friday.
Source : topix.net | 12-Sep-2008 14:46
Spence School and Luxembourg buy UES mansions
The exclusive Spence School closed on a $27.5 million mansion adjacent to its building at 22 East 91st Street.
Source : topix.net | 11-Sep-2008 22:28
EU finance ministers gather for fight against recession
Among the major eurozone economies, only Germany has healthy public finances, but Finance Minister Peer Steinbrueck is against any costly stimulus package even though the commission estimates that Europe's ...
Source : topix.net | 11-Sep-2008 14:17
EU Cuts Economic-Growth Outlook for 2008, Forecasts Recession for Germany
The European Commission cut its growth outlook for the euro area for the rest of this year and predicted a recession for Germany, the region's largest economy.
Source : topix.net | 11-Sep-2008 06:14
[Comment] Killing the golden geese
European Union finance ministers will no doubt have spent idle moments during their summer holidays dreaming up new ways of clamping down on the "scandalous excesses of captains of industry" denounced at the ...
Source : topix.net | 05-Sep-2008 13:23
ECB may leave key interest rate on hold
FRANKFURT: The European Central Bank is expected to leave its key interest rate on hold at 4.25 percent on Thursday, but it will likely cut its forecasts for economic growth, analysts say.
Source : topix.net | 04-Sep-2008 13:18
Dollar heading in right direction: Juncker
The head of the Eurogroup of countries that share the euro currency on Monday welcomed the recent recovery of the value of the U.S. dollar but said the euro remained undervalued.
Source : topix.net | 02-Sep-2008 13:02
Luxemburg prepares to celebrate centennial
This year, Luxemburg is marking its centennial anniversary. As this milestone approached, the Luxemburg Centennial Committee has been working to make the occasion one to remember through celebratory events and ...
Source : topix.net | 19-Aug-2008 17:49
French Letter #8 - Coda: A Brugge to far
Its the end of the road and after two weeks now is the time for some reflections both on the jourmey, attitudes and oddities that I encountered during my vacation.
Source : topix.net | 17-Aug-2008 17:39
European river cruise unforgettable
RIVER CRUISING through the heart of Europe is a remarkable voyage. It's history in slow motion and very different from ocean cruising on a floating resort hotel with casinos, Las Vegas shows and nonstop ...
Source : topix.net | 07-Aug-2008 22:45
Luxembourg Grows Up
Though long beloved by bankers and safe-haven-seeking nabobs of finance, lilliputian Luxembourg used to be so far off the radar screen of sophisticated travelers that if they weren't going there to check on the ...
Source : topix.net | 05-Aug-2008 22:43