The leaders of the euro zone’s biggest economies held talks on Monday in the aftermath of Britain’s shock decision to leave the European Union and said Europe had to turn its back on populists who blamed Brussels for all its problems. Speaking on an aircraft carrier off the Italian island of Ventotene, Germany’s Angela Merkel, […]
Europe’s three most powerful leaders yesterday vowed the EU will not end after Brexit as they launched a desperate bid to bring the project back to life. In a highly symbolic meeting on the Italian island seen as the birthplace of European federalism, the leaders of Germany, France and Italy attempted to show the EU […]
In protesting the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even […]
The Italian aircraft carrier Giuseppe Garibaldi usually patrols the Mediterranean as the flagship of the European mission to save shipwrecked refugees. On Monday, it will host the leaders of Germany, France and Italy as they try to ensure the European Union doesn’t founder in the aftermath of Brexit. The meeting of Angela Merkel, Francois Hollande […]
NAPLES, Italy Europe needs to invest in defense, education and culture while breaking free of bureaucratic rules, Italian Prime Minister Matteo Renzi said on Monday ahead of a meeting with the leaders of Germany and France. Renzi will meet German Chancellor Angela Merkel and French President Francois Hollande at a summit rich with symbolism as […]
Crude futures fell as much as 3 percent during London’s afternoon trading, as investors grew concerned over the supply glut in the market. China’s substantial increase in fuel exports during July, a rising U.S. oil rig count, and the prospect for more crude shipments seen out of Nigeria and Iraq were some of the factors […]
BRUSSELS—Add this to the many questions posed by the British referendum vote to leave the European Union. Should Britain be ousted from Mini-Europe? Thierry Meeus opened the Mini-Europe amusement park here with his family in 1989 as a celebration of the then-European Community. Each country was represented by miniature versions of its iconic buildings. For […]
However, SocGen was highlighted as a bank that might struggle after a hypothetical adverse shock in the European Banking Authority (EBA)’s latest stress tests. In the scenario study, Societe Generale’s transitional fully-loaded common equity capital ratio – a key measure of a bank’s ability to withstand shocks — would fall to 8.03 percent, making Societe […]
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The Italian aircraft-carrier Giuseppe Garibaldi usually patrols the Mediterranean as the flagship of the European mission to save shipwrecked refugees. On Monday, it will host the leaders of Germany, France and Italy as they try to ensure the European Union doesn’t founder in the aftermath of Brexit. The meeting of Angela Merkel, Francois Hollande and […]
