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Eurozone - Page 4

EU fines banks over rate rigging

European Commission fines eight banks a total of 1.7bn euros for forming illegal cartels to rig interest rates Ref. BBC

Eurozone

Russia's "Startling" Proposal To Europe:

Dump The US, Join The Eurasian Economic Union: Slowly but surely Europe is figuring out that as a result of the western economic and financial blockade of Russian, it is Europe itself that is suffering the most Ref. Source 5

Eurozone History & Civil Business Politics

Massive QE programme for eurozone

European Central Bank to inject billions into eurozone through a huge bond-buying programme. Ref. Source 9

Page 4 Eurozone

European Union gives Greece until Sunday to reach debt deal or face financial collapse

After a meeting of European leaders in Brussels on Tuesday, European Union President Donald Tusk said Greece must submit a new bailout plan by Thursday. And if there is no agreement on the terms by Sunday, Greece faces bankruptcy and "Insolvency of its banking system." Ref. USAToday

Eurozone

EU: Starbucks, Fiat profited from illegal tax breaks

The European Union says that Starbucks and car manufacturer Fiat profited from illegal tax breaks and will have to pay back millions of euros. The EU regulator on Wednesday said it decided that Luxembourg granted selective tax advantages to Fiat's financing company and the Netherlands to Starbucks' coffee roasting company, which are illegal under EU rules. Ref. USAToday

Eurozone

The European Economy just had a big blow dealt to it with the Brexit vote in the UK for a withdrawal of the UK from the EU.