HSBC bank says it will relocate some 20 percent of activities from London, while Eurogroup chief Dijsselbloem predicts "massive unemployment".
A group chaired by former Italian PM and EU commissioner Mario Monti says Brexit should be used to create EU-level levies to depend less on member states contributions, and to abolish member states rebates in the EU budget.
The International Monetary Fund has upgraded its economic forecasts for the eurozone and the UK this year, but said British growth would slow down in 2018.
News in Brief
- EU housing price increase by 4.3%
- EU trade chief says UK deal will take 'couple of years'
- German defence spending boost not enough for Nato goal
- Belgian MPs refuse to give up free alcohol
- Merkel last leader to get call from Obama
- Report: Hollande thinking of EU council bid
- Italy to hold 70% of Monte dei Paschi bank
- Nato hit by 500 cyberattacks every month
Finance minister Scicluna said that a report published by Green MEPs was "unfair" and that Malta had "nothing to hide".
The Italian state is rescuing the world's oldest bank with the help of a €20bn fund and vows to protect small savers. The European Commission says it is in touch with Italy about how to proceed.
Column / Brexit Briefing
A number of British ministers don’t believe that Brexit hard or soft will cause London to lose its place as Europe’s financial capital.
Italy wants clarity behind the European Central Bank's request to inject over €8 billion into Monte dei Paschi di Siena.
EU trade policy has become a target for environmentalists, transparency advocates and populists alike, casting a doubt whether Europe can still close trade deals.
A trade deal with Singapore must be ratified by all EU parliaments, a top lawyer at the EU court says, raising potential problems with other deals.
The EU has allowed its defence and security policies to be shaped by powerful lobbyists, many of whom are linked to firms that win lucrative contracts, an investigation shows.
A compromise text by the Slovak EU presidency is proposing to water down the commission's plans to allow public access to the names of those who own offshore accounts.
Ireland says EU regulators infringed national sovereignty when they ordered Dublin to collect back taxes from the US tech firm.
Debt relief measures were suspended under German pressure, and the EU commission and the IMF are left blaming each other.
Greece's creditor institutions said that a Christmas bonus for pensioners was not in line with bailout terms agreed last week.
EU citizens working away from their home countries will face tougher hurdles if they need to claim benefits, under plans from the commission.
After two years of stalled talks, member states decided to keep the current rules on tariffs but to suspend them in case of “state-induced” distortions in raw material and energy.
Plans to rent harbour facilities to Russia's Nord Stream 2 pipeline project on the Swedish island of Gotland have split local political parties on strategic issues.
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A German-led group of EU states is trying to block plans for greater tax transparency, amid the restart of an iconic whistleblower case.
Cyprus, Ireland, Luxembourg and the Netherlands are among the 15 worst centres for corporate tax avoidance in the world, according to report by Oxfam.
The eurozone bank will prolong its quantitative easing scheme after March but will buy €60 billion of public and corporate bonds each month instead of €80 billion.
Economic affairs MEPs have endorsed plans from the Europan Commission to promote the selling of repackaged loans and mortgages, practises that help cause the 2008 crash.
Finance state secretary Ivan Lesay said his government "achieved some successes" on tax evasion and investment.
The complexity of financial laws and lack of NGO resources means the “man in the street” has little say on EU banking regulation, the EU Commission has warned.
A planned rescue scheme for the Monte dei Paschi di Siena bank fell through after Matteo Renzi said he would quit as prime minister.
Luxembourg has registered a 50 percent increase in the number of so-called sweetheart tax deals with multinationals since the 2014 LuxLeaks scandal.
The agreement to prolong the EU investment plan until 2020 to raise up to €500 billion will have to be confirmed by the parliament amid questions about its impact and functionning.
Measures to reduce the cost of Greek debt will be implemented immediately, but eurozone finance ministers said more action will have to be taken for a new agreement on the bailout programme.
The Italian PM's resignation after a failed constitutional referendum has not changed the situation, the Eurogroup president has said. Financial markets have remained stable.
The Commission wants to focus on "vulnerable consumers" but concedes that there will be differences in needs across the bloc.
The commission wants to focus on the commercial potential of space rather than the educational or scientific benefits, much to the annoyance of some MEPs.
The EU executive says that several evaluations strengthen the case to extend the length and funding of the plan, despite a lack of impact assessment.
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