Keyword: eurobanking

Brevity: Headers | « Text »
  • Iran awaiting European guarantees on oil sales, banking: Zarif

    08/25/2018 11:23:00 AM PDT · by Olog-hai · 6 replies
    Al-Reuters ^ | August 25, 2018 10:32 AM | Babak Dehghanpisheh
    Iran awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday, according to the Iranian Students’ News Agency (ISNA). […] “We are still waiting for Europe to take action on the sale of Iranian oil and the preservation of banking channels,” the Iranian foreign minister said. Zarif also defended the European Union’s decision on Thursday to provide €18 million ($21 million) in aid to Iran to offset the impact of U.S. sanctions, part of efforts to salvage the 2015 deal to limit Tehran’s nuclear ambitions. […] The top U.S. envoy...
  • U.S. ambassador urges Germany to block Iran cash withdrawal

    07/11/2018 7:23:53 PM PDT · by Olog-hai · 3 replies
    Reuters ^ | July 10, 2018 4:21 AM | Andrea Shalal, Andreas Rinke and Markus Wacket
    The U.S. ambassador to Germany urged Berlin on Tuesday to stop Iran withdrawing large sums of cash from bank accounts in Germany to offset the effect of new U.S. sanctions imposed after Washington withdrew from a 2015 nuclear deal. Richard Grenell, a longtime critic of the accord, told the mass-circulation daily Bild that the U.S. government was extremely concerned about Tehran’s plans to transfer hundreds of millions of euros in cash to Iran. “We encourage the highest levels of the German government to intervene and stop the plan,” Grenell said. […] Bild first reported on Monday that German authorities were...
  • EU warns Trump: Retaliation for car import tariffs may cost US $300bn

    07/01/2018 2:57:55 PM PDT · by Olog-hai · 64 replies
    US president Donald Trump’s threat to hit car imports with punitive tariffs risks sparking global retaliation against as much as $300 billion of US products, Brussels has warned. The warning is the first time that the European Commission, in a written submission to the US Department of Commerce seen by the Financial Times, has set out a detailed response to Mr. Trump’s threat to slam punitive tariffs on imported vehicles, with EU capitals increasingly convinced that the unpredictable US president will act soon. Mr. Trump on Sunday said that the EU was “as bad” as China when it came to...
  • Trump may have a point about EU tariffs, ifo (Munich)

    06/30/2018 9:04:12 AM PDT · by Para-Ord.45 · 10 replies
    https://global.handelsblatt.com ^ | March 15, 2018 | Darrell Delamaide
    A leading German think tank says Donald Trump is right that tariffs between the United States and Europe are asymmetrical, but urges negotiations to lower import taxes across the board. US President Donald Trump may actually have a point when it comes to unfair taxes on US goods coming into Europe. That is the finding of a new study by a leading German think tank. Where they differ is how to deal with it: The group urges new talks to lower tariffs across the board, instead of engaging in a tit-for-tat escalation in new taxes. “The EU is by no...
  • Angela Merkel accuses US of running trade surplus — if you include services

    06/12/2018 10:29:23 PM PDT · by Olog-hai · 45 replies
    Deutsche Welle ^ | 06.12.2018 | dm/cmk (Reuters, dpa)
    German Chancellor Angela Merkel on Tuesday struck back at US President Donald Trump’s repeated complaints over the US trade deficit. Merkel pointed out the United States actually runs a significant account surplus with Europe if one factors services into the equation. She went on to say that the current accounting systems for global trade needed to be updated to also take services into account. “Trade surpluses are calculated in a relatively old-fashioned way nowadays,” she told an audience of businessmen at the Christian Democratic Union’s Economic Council Conference in Berlin. “If services are included in the trade balance, then the...
  • France calls for more German ambition on the euro zone

    06/09/2018 10:19:50 AM PDT · by Olog-hai · 18 replies
    Reuters ^ | June 8, 2018 3:46 AM | Noah Barkin
    France called on Friday for more ambition from Germany in reforming the eurozone, saying Europe faced a “now or never” moment with rising external threats from the United States and China. French Finance Minister Bruno Le Maire, speaking in German to a business conference in Berlin, offered the first official response from Paris to European reform proposals sketched out by Chancellor Angela Merkel in a weekend newspaper interview. He welcomed her support for the idea of a eurozone investment budget, one of French President Emmanuel Macron’s key demands, but said France and Germany had “a way to go” to reach...
  • European Central Bank: Trump tariff move 'dangerous'

    03/08/2018 6:41:29 PM PST · by Olog-hai · 15 replies
    Associated Press ^ | Mar 8, 2018 12:44 PM EST | David McHugh
    Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures … is not going to be big.” But he said such disputes should be worked out among trade partners, not decided by measures initiated from one side. “Whatever convictions one has about trade … we are convinced that disputes should be discussed and resolved in a multilateral framework, that unilateral decisions are dangerous.” “There is a certain worry or...
  • Germany 'must develop EU further' with France: minister

    01/20/2018 7:43:12 PM PST · by Olog-hai · 13 replies
    TheLocal.de ^ | 20 January 2018 14:51 CET+01:00 | AFP
    Berlin must work with Paris to improve and deepen the European Union, German Foreign Minister Sigmar Gabriel urged as his Social Democrats weigh renewing a coalition with Chancellor Angela Merkel. France and Germany, once bitter enemies, “have a joint responsibility to develop all of Europe further,” he told AFP, highlighting “reform of the economic and monetary union” as a top priority. Historically, the two countries have been the powerhouse of the economic integration project that became the European Union; but French President Emmanuel Macron’s plans to shore up the 19-nation euro single currency area and deepen European integration are on...
  • Merkel could join Macron in Davos for epic clash with Trump

    01/15/2018 12:57:11 PM PST · by Berlin_Freeper · 45 replies
    reuters.com ^ | January 14, 2018 | Noah Barkin
    BERLIN (Reuters) - German Chancellor Angela Merkel is considering joining French President Emmanuel Macron at the World Economic Forum in Davos next week in what could turn into an epic clash of competing world views with U.S. President Donald Trump. Merkel, who has been struggling to put together a government since a German election in September, had been expected to skip the annual gathering of leaders, CEOs, bankers and celebrities in the Swiss Alps for a third straight year. But after clinching a preliminary coalition agreement with the center-left Social Democrats (SPD) on Friday, German officials said Merkel could travel...
  • French minister urges Germany to invest more in the EU

    01/10/2018 4:50:56 PM PST · by Olog-hai · 9 replies
    TheLocal.fr ^ | 10 January 2018 16:33 CET+01:00 | AFP
    France’s Finance Minister Bruno Le Maire on Wednesday urged Germany to plow more investments into major European projects and allow wages to rise, as part of Berlin’s contribution to boosting growth in Europe. “France has taken on its European responsibilities, in reducing its public spending and reforming its economy. We expect Germany to join the movement, by adopting more offensive wage policies and investing more,” he told Die Zeit weekly at a time when Chancellor Angela Merkel is battling to form a new coalition government. Le Maire’s call comes at a sensitive time for Merkel, as public spending is a...
  • French president offers Chinese leader Xi special gift horse

    01/09/2018 6:45:20 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Jan 9, 2018 2:48 PM EST
    French President Emmanuel Macron has offered a very special gift to his Chinese counterpart, Xi Jinping, during his trip to China — a horse from France’s famed Garde Républicaine. The nine-year-old gelding bred in Normandy, named Vesuve de Brekka, is trained and ready for use. […] The tweet says the horse is “a symbol of our friendship.” Macron hopes for big things in return. On Tuesday, the second day of his visit, Macron said the two nations should “settle on an economic and geopolitical plan for the affairs of our world.” …
  • US tax reform breaks global rules, EU says

    12/21/2017 10:56:56 AM PST · by ding_dong_daddy_from_dumas · 104 replies
    DW (Deutsche Welle) ^ | 19.12.2017 | Nils Zimmermann
    Last week, the finance ministers of Europe's five biggest economies — Germany, France, the UK, Spain and Italy — wrote an anxious letter to their American colleague, US Treasury Secretary Stephen Mnuchin, and copied it to all senior Republican politicians in the Congress and Senate. The letter's thrust: The draft US tax bill, if passed as written a week ago, would represent a break with global fair-taxation rules as applied to corporations, and represent a thinly disguised form of trade war. "The United States is Europe's single most important trade and investment partner," the finance ministers wrote. "It is important...
  • Top EU economic powers warn US about tax plans

    12/11/2017 9:31:33 PM PST · by Olog-hai · 24 replies
    Associated Press ^ | Dec 11, 2017 12:02 PM EST | Raf Casert
    The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade. In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had “significant concerns” about three tax initiatives in particular. In the letter, seen by The Associated Press, the five wrote that “it is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which...
  • Ego Trip in Brussels: Juncker Seeks Greater Commission Control over Eurozone

    12/10/2017 11:21:12 PM PST · by Olog-hai · 4 replies
    Der Spiegel ^ | December 05, 2017 02:26 PM | Peter Müller and Christian Reiermann
    Jean-Claude Juncker never lets others outshine him if he spots an opportunity to give the European project a boost. And that goes for friends and enemies alike. Indeed, the European Commission president has now come up with a project that not only transgressions the mandate given him by the leaders of the European Union member states, but also pits him against all the Eurozone finance ministers as well. Juncker was supposed to reach an agreement with finance ministers from the common currency area on proposals for deepening European integration he will present at the forthcoming EU summit later this month....
  • Eurozone to become 'a great country' like US, says French minister

    10/13/2017 6:56:22 AM PDT · by Olog-hai · 14 replies
    TheLocal.fr ^ | 13 October 2017 09:01 CEST+02:00 | AFP
    French finance minister Bruno Le Maire called Thursday for the European Union to become a cohesive whole, as unified and ambitious as the United States, adding that it was time for Britain to face the consequences of Brexit. The remarks come as the EU emerges from a rocky period of rising nationalism and challenges to its unity. Talks between the EU and Britain, which voted last year to secede, deadlocked in Brussels on Thursday, leaving future trade relations in doubt. “I think what we need within the Eurozone is more unity and more ambition,” Le Maire said during an event...
  • EU executive seeks official commemoration of Germany's Kohl

    06/18/2017 9:21:00 AM PDT · by Olog-hai · 2 replies
    Associated Press ^ | Jun 18, 2017 6:14 AM EDT
    The head of the European Commission says he wants an official commemoration of former Chancellor Helmut Kohl, who led Germany to reunification and was a strong backer of the continent’s unity. Jean-Claude Juncker told Sunday’s Bild am Sonntag newspaper that he will personally push for a “European act of state” for Kohl, who was chancellor from 1982 to 1998, but didn’t give details. […] Juncker said that “without Helmut Kohl, the euro would not exist.” …
  • Soros Says The European Union Is Now In An Existential Crisis, Surrounded By Hostile (US) Powers

    06/01/2017 9:02:07 AM PDT · by blam · 33 replies
    CNBC ^ | Silvia Amaro
    Billionaire financier George Soros said Thursday the European Union is in an "existential crisis" and needs to be reinvented in the face of growing threats. "The reinvention would have to revive the support that the European Union used to enjoy," the Hungarian-born Soros said at the Brussels Economic Forum. Such reinvention would have to review the past and explain to European citizens what went wrong and then make proposals to make things right. Soros welcomed a German idea to cut European funds aimed at reducing income inequalities at the regional level for those countries disrespecting the rule of law. Both...
  • 'The greed of the German state has become almost kleptocratic' [FDP party leader]

    05/11/2017 8:01:04 PM PDT · by Olog-hai · 5 replies
    TheLocal.de ^ | 11 May 2017 15:33 CEST+02:00 | DPA/The Local
    With Germany raking in more taxes due to strong economic performance, the leader of its liberal party has suggested state officials are enriching themselves at the cost of the taxpayer. “The greed of the state has taken on kleptocratic characteristics,” Christian Lindner, head of the Free Democratic Party (FDP) told Handelsblatt on Wednesday. A kleptocracy is a form of government in which officials corruptly use public funds for personal gain. “The yearly tax intake of the state is set to be €100 billion higher in 2020 than this year, if we don’t act. For the FDP, it is clear that...
  • Trump’s next trade target: Europe’s scooters and cheese

    02/09/2017 10:24:38 PM PST · by Ernest_at_the_Beach · 20 replies
    http://www.politico.eu/ ^ | By Hans von der Burchard and Adam Behsudi 2/9/17, 4:27 PM CET Updated 2/9/17, 10:32 PM | By Hans von der Burchard and Adam Behsudi
    Washington has a prime opportunity to slap 100 percent tariffs on key EU exports. Iconic European products ranging from Roquefort cheese to Vespa scooters will soon be in Donald Trump’s sights.The billionaire property tycoon won the U.S. presidency on a highly protectionist agenda and vowed to slash the country’s eye-watering deficits with leading trade partners. While China and Mexico have borne the brunt of his early threats, he now has a prime opportunity to box out some of Europe’s most famous exports. Next Wednesday, the U.S. trade representative will hold a public hearing on slapping an eventual 100 percent import...
  • Germany completes return of 300 tons of reserve gold from US

    02/09/2017 7:10:47 AM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 9, 2017 7:27 AM EST | Geir Moulson
    Germany has completed an effort to bring home 300 metric tons (330.7 tons) of gold stashed in the United States, part of a plan to repatriate gold bars kept abroad during the Cold War. The German central bank said it brought 111 tons of gold back from the Federal Reserve in New York last year, concluding in September — the last of 300 tons slated for return. […] Once the transfers are completed, Frankfurt will hold half of Germany’s 3,378 tons of reserve gold, with the rest in New York and London. […] During the Cold War, West Germany kept...