Tuesday

6th Dec 2016

Ticker

US Congress demands ECB action on Iran loophole

US Senators have called on the EU to close a loophole in the ECB's payments scheme allowing Iran to convert euros into local currency. In a letter to Council President Van Rompuy, lawmakers expressed "concern that these euro conversions ... allow the regime to engage in sanctionable and illicit activities,"

News in Brief

  1. Belarus and Latvia to sign defence pact
  2. EU commission to help oversee foreign gas deals
  3. Poland challenges EU decision on Russian gas
  4. Idea of road transport agency gains momentum among MEPs
  5. EU dismisses euro crisis risk after Italian referendum
  6. Italy result poses no risk to the EU, Sapin says
  7. EU asked to clarify links to Iran executions
  8. Italian economy minister tipped as caretaker PM

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