Saturday

27th Aug 2016

Ticker

Top EU banker in corruption scandal

The vice-president of the European Investment Bank, Magdalena Alvarez, is embroiled in a corruption scandal in Spain, reports AFP. Alvarez, former public works minister, is alleged to have a role in using a regional development fund to pay bogus severance payments to dozens of people. Over €140 million was stolen.

News in Brief

  1. Hungary plans to reinforce border fence against migrants
  2. France's highest court suspends burkini ban
  3. Greeks paid €1bn more in taxes in June
  4. Greek minister denounces EU letter on former statistics chief
  5. Turks seeking asylum in Greece may cause diplomatic row
  6. Merkel becomes digital resident of Estonia
  7. Report: VW will compensate US dealers with €1bln
  8. EU mulls making Google pay news media for content

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