EU president Donald Tusk describes Greek offer as the “first real proposals in many weeks” as Euro Summit kicks off June 22, 2015 EU council president Donald Tusk has said Greece’s proposals are the “first real proposals in many weeks” as the Euro Summit on Greece kicks off. Read more: Athens stocks bounce as Greece outlines proposals Markets have rallied today, as hope grows that a deal will be reached in the coming days. It is considered unlikely [...]
Peugeot and Siemens chief executives warn Grexit would destroy Europe’s economic recovery June 22, 2015 The heads of some of Europe's largest companies have warned of the negative impacts a Greek exit from the euro would have on the wider European economy. Read more: Greece on the brink ahead of crisis talks They argue that although Greece accounts for just two per cent of the Eurozone's economy, losing it from the [...]
Countdown to Grexit: Here are the key dates that could save Greece before bailout deal expires June 22, 2015 The next few days are crucial for Greece, as the country seeks to reach a deal with creditors over reforms to unlock bailout funds to save its embattled economy. The Eurogroup of finance ministers met last week in Luxembourg – a meeting considered to be the best opportunity for a deal. Talks broke down however. Then came [...]
European stocks soar as European Commission President Jean-Claude Juncker says proposals “good basis for progress” June 22, 2015 European stock markets had a strong start to the week, as renewed optimism about a deal between Greece and its lenders boosted indices. The Cac and the Dax were both up 3.1 per cent at pixel time, while the FTSE 100 was up 1.4 per cent. Stocks in Athens were up more than eight [...]
Small business confidence hits five-year high in the UK June 22, 2015 Britain's small businesses grew solidly over the last three months, according to the latest small business index from the Federation of Small Business. A “robust” improvement in confidence pushed up productivity, job creation and investment at a faster rate than in the economy as a whole. Both investment and growth hit their highest [...]
Greece on the brink ahead of crisis talks June 22, 2015 Greece faces bankruptcy and capital controls within days if Eurozone finance ministers fail to strike a bailout deal at an emergency meeting in Brussels today, the chairwoman of Greece’s largest bank has warned. Louka Katseli, chair of the National Bank of Greece, told City PM that without a deal Athens risked a technical default before [...]
George Osborne insists £12bn in welfare cuts will go ahead June 22, 2015 Chancellor of the exchequer George Osborne has said that he will push ahead with plans to cut £12bn in welfare spending, despite previous reports that Conservative party campaign promises would be reined in under the new government. Writing with work and pensions secretary Iain Duncan Smith in The Sunday Times, Osborne said that he would [...]
Top UK business figures Helena Morrissey and Mark Littlewood back calls for EU reform or Brexit June 22, 2015 Several top UK business leaders have backed a new report from Business for Britain (BfB) which states that if Britain cannot establish a new relationship within the EU, it should prosper outside it. Helena Morrissey, of Newton Investment Management and Mark Littlewood, director general of the Institute of Economic Affairs, are among the BfB members [...]
Recruiter says lack of diversity at top firms is hurting UK business June 21, 2015 A lack of ethnic diversity in Britain’s top firms is putting UK companies “at a serious disadvantage,” according to a new report out today. Researchers for recruiter Green Park have identified a widening so-called “diversity deficit,” with the position of ethnic minorities in leadership roles at FTSE100 firms declining over the past year. The report [...]
Jean-Claude Juncker lays out two-year plan for reforms across the Eurozone June 21, 2015 European Commission president Jean-Claude Juncker has set out a decade-long timeline for Eurozone reforms. In a report commissioned by European Union leaders, which involved input from the presidents of the European Central Bank, European Parliament, European Council and Eurogroup, the Commission calls for the completion of the euro area’s economic and monetary union, with “immediate [...]
