European Union finance ministers have given Latvia the formal green light to join the euro zone. The Baltic state will begin using the new currency on January 1, 2014.
Italy has said the European Central Bank’s approach to reducing non-performing loans in the EU is problematic. The country's banks have the most bad loans in the bloc and Rome wants a slow reduction.
Financial markets remain jittery as tensions rise after N. Korea fired a ballistic missile over Japan. Political risks and a strengthening euro have put pressure on stocks while investors turned to safe-haven assets.
The European Union is confronted with an unprecedented refugee crisis which is threatening its very existence. Is it time for a structural overhaul? Not if you ask Vice President of the EU Commission, Valdis Dombrovskis.
The EU has unveiled plans for the financial sector that could result in a huge slice of London's banking business leaving after Brexit. It would be a severe blow to London's role as a financial hub.
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