News

Central banks are abandoning the euro in favour of the UK pound

The Financial Times has reported concerns over European weak growth, political instability, and the ECB’s negative interest rate policy has led central banks to reduce their exposure to the euro.


What was the blacklist report that was released by the EC last month?

Last month, the EU Commission (EC) published a “black list” of jurisdictions that are non-cooperative. This list was comprised of 30 countries, which seemingly have been found to not meet transparency standards that are in line with the rest of the European Union.


Swiss banks under pressure to disclose client affairs

It is the first large-scale request for assistance with tax-related banking information that Switzerland has received from a country other than the United States.


Despite lower inflation measures, Eurozone growth forecast remains bleak

The ECB (European Central Bank) lowered inflation rates, however growth forecast for the Eurozone could still get worse, with President Mario Draghi remaining sceptical about the prospective figures.


ECB's scheduled meeting could bring significant changes to Eurozone

The European Central Bank’s (ECB) are due to hold a meeting this week, where plans for discussion include an interest rate announcement and an update on the bank’s monetary policy.


Donald Tusk: An 'agreekment' has been reached

Donald Tusk stated in a press conference "we have reached an agreekment" and confirmed that both Greece and the EU want to start implementing an (European Stability Mechanism) ESM program for Greece which means they will receive continued financial support.


Greece given final deadline to submit new proposal

At conferences in Brussels, final talks regarding Greece’s need to set a proposal, either an agreement must be reached or Greece’s banks face going into liquidation next week.


Mr Jean-Claude: Alexis Tsipras and his Greek poker game

The Greek Prime Minister, Alexis Tsipras has sprung a surprise referendum on his European partners, who were reportedly very annoyed and sharply ended negotiations.


EUROPEAN UNION: Beneficial ownership registry likely to be passed in 2017

This week the European Parliament passed a provision following a vote in favour to ratify the Fourth Money Laundering Directive, authorising registers regarding beneficial ownership of all trusts and companies in every EU member state. The official transcript is likely to be approved and consequently…