The European Union Commission agreed that Starbucks Corp and Fiat Chrysler Automobiles NV is currently benefiting from illegal tax deals with the government. The decision came yesterday after the hearing organized by the European Parliament.
Jean-Claude Juncker
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The newly-elected Labour Party leader Jeremy Corbyn warns supporters that "Brexit" could become a reality as early as next year. Corbyn, who is currently against the move for Britain to exit EU said that the talk between EU-UK in Brussels right now will determine the future of the country.
International creditors hope for a united grand coalition in the Greek government, especially between the Syriza and the New Democracy party, who are going neck to neck in the upcoming September 20 elections.
The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.
Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.
The European Union will briefly put aside worries about Greece to broaden its relations with China at a summit in Brussels on Monday, hoping for Chinese investment in Europe's new infrastructure fund and support for a global climate deal.
The dollar held firm in early Asia on Monday, trading near 13-year highs against the yen after strong U.S. employment data bolstered expectations for an interest rate hike by the Federal Reserve before year-end.
Greece will not make a June 5 repayment to the International Monetary Fund if there is no prospect of an aid-for-reforms deal with its international creditors soon, the spokesman for the ruling Syriza party's lawmakers said on Wednesday.
Germany's EU Commissioner Guenter Oettinger said on Monday it might still be possible for Greece and its creditors to reach a deal this week.
Greece's labor minister said on Tuesday Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the cash-starved country.
European Commission President Jean-Claude Juncker said on Thursday he would not raise the possibility of Greece leaving the euro zone, in part at least due to the effect that would have on financial markets.
Germany's finance minister said on Wednesday there was no prospect of the euro zone reaching a deal with Athens next week on economic reforms that would unlock bailout funds, potentially leaving Greece perilously short of money.
Euro zone leaders will tell Greece on Thursday that time and patience are running out for its leftist-led government to implement agreed reforms to avert a looming cash crunch that could force it out of the single currency.
With incendiary interviews, an undiplomatic demeanor, a celebrity photo shoot and an obscene finger gesture, Yanis Varoufakis is becoming part of Greece's debt problem rather than the solution, or so his euro zone partners believe.
EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.
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