Finance & Trade
Conference on Global Economic Governance Portends World Anti-Crisis Plan
April 17, 2013
At a UN press conference, the organizers and supporters of an upcoming World Anti-Crisis Conference explained how the UN should move forward with a mechanism for global economic governance that has more inclusive country representation than that which exists in the G-20.IMF Urges EU Bank Centralization
April 17, 2013
International Monetary Fund ("IMF") chief Christine Lagarde has called for "a real banking union" in the EU to deal with failing banks and strengthen the Union's monetary system.EU Proposal Would Require Extractive Companies to Publish Payments to Governments
April 17, 2013
In an attempt to ensure greater transparency and reduce government-level corruption, European Union negotiators have reached a deal on a law that, if approved by the EU Parliament and EU member states, would require oil, gas, mining, and logging firms to report the amounts that they pay to governments.Financial Transaction Tax Will Cost UK
April 10, 2013
A new study says the financial transaction tax supported by many EU countries could add $6 billion to the UK's costs in issuing its debt.Lew Urges Banking Union in Brussels
April 10, 2013
US Treasury Secretary Jack Lew has encouraged EU leaders to hand over powers to a European Central Bank in order to promote economic stability in the Union.Eurozone Unemployment Hits Record High
April 10, 2013
The EU statistical agency Eurostat found that unemployment reached 12 percent in the eurozone in January and February, while the jobless rate in the full European Union was close to 11 percent during the same period.EU Pushes Bonus Caps over UK Resistance
April 10, 2013
EU ambassadors voted to move forward legislation that would impose strict bonus caps for bank executives in Europe, with the sole objection to the proposed rule coming from the UK.Poland May Seek Referendum on Euro
April 10, 2013
As talks over entering the eurozone have stalled in the Polish Parliament, Prime Minister Donald Tusk is considering calling for a public referendum to settle the issue.Portugal Criticizes EU's "Castle of Bureaucracy"
April 8, 2013
Portugal's economy minister argued at a parliamentary debate that the EU should focus on making Europe more friendly for investment and not on increasing its own power.Coffey: Cyprus Deal Is Sign of "Rotting" EU
April 8, 2013
Luke Coffey at the Heritage Foundation writes that the EU response to the eurozone crisis, and specifically the bank problems in Cyprus, reveals that its power-centralizing approach is only increasing European instability.A JOINT PROGRAM OF
