Ironic that the European Commission’s positive report on Iceland’s application to join the EU, produced in just six months, should have coincided with the breakdown of talks over the €3.9 billion which the Netherlands and the UK are demanding from Iceland for the collapse of the Icesave bank. It is widely predicted that Icelanders will [...]
We’ve heard a lot about banks that are “too big to fail”. Perhaps a more immediate question is whether the sovereign nation of Greece is too big to fail. The risk of default and the threat of Greece quitting the eurozone would have profound implications for Europe’s monetary union, for other European countries wrestling with [...]
Europe’s tax havens are feeling nervous, now that national tax authorities are in the market for stolen data.
The Germans paid €5 million for a disk detailing trust accounts which had been lifted six years ago from Lichtenstein’s LGT bank. Former head of Deutsche Post Klaus Zumwinkel is having to pay the price (about €1 [...]
Blogging commentary on current events from the perspective of someone who has been closely involved with the policies, the policy-makers and the whole complex network of people who make the process of European integration so exciting and absorbing. more.
