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Jean-Claude Juncker

Scott Maw

Starbucks and Fiat are required to pay back millions in taxes to Dutch and Luxembourg Government

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.

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David Cameron (R)

Brexit is the highlight for EU-UK talks

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.

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Greece

Creditors Want Greek Grand coalition After Sunday Election

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.

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Angela Merkel and Wolfgang Schaeuble

Germans fret over Europe's future but still believe

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.

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Wolfgang Schaeuble

Germany's Schaeuble wants to rebalance EU Commission's role

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.

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Global Think Tank Summit

EU tries to look beyond Greece to deepen China ties

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.

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U.S. dollars

Dollar shines as jobs report supports case for Fed hike in Sept

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.

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Greek national flag and a European Union flag

Greece will not pay IMF on Friday without prospect of a deal: lawmaker

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.

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Greek and EU flags

EU's Oettinger says Greece deal still possible this week

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.

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Greek national flag and a European Union flag

Athens sees EU deal soon, Greeks' approval of government stance dwindles

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.

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Jean-Claude Juncker

EU's Juncker fears Grexit talk could roil markets

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.

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Athens, Greece

Germans downbeat on chances of Greek deal next week

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.

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Greece

EU to tell Greece time, patience running out

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.

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Greek Finance Minister Yanis Varoufakis

'Varoufakis problem' weighs on Greek debt talks

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.

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Pierre Moscovici

EU nears deal on $338 billion plan to tackle drop in investment

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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