Euro zone: The EU’s Luxembourg-based economic development bank has been accused by Brussels of “dragging its feet” on dispersing funds meant to help revive the Greek economy. About €2 bill...
Economy: Europe’s permanent bailout fund officially got off the ground during a summit in Luxembourg this week. The European Stability Mechanism formally launched and held its inaugural board meeti...
Finance: One of the world’s main credit ratings agencies has critiqued the lack of large-scale cross-border European funds. “Fitch Ratings believes that having large, well-established funds i...
Euro zone: One of the major global credit agencies confirmed its top-notch rating on the Kirchberg-based European Investment Bank on Monday. Moody’s Investors Service said it had completed its ...
Sovereign debt: One of the main credit ratings agencies has said it could downgrade the Kirchberg-based European Investment Bank, due to its heavy exposure to Greece, while the bank has launched a new...
Sovereign debt: Credit ratings agency Moody’s placed three top-notch rated countries on negative outlook, and also downgraded the sovereign debt of six other euro zone countries late Monday night. ...