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Report Confirms ECB Pressure on Ireland over Banks
February 01, 2016
According to The Irish Times, a report prepared by a cross-party committee in Ireland has found that the European Central Bank ("ECB") pressured national officials to bail out Irish banks using taxpayer funds rather than imposing losses on senior bondholders during the country's financial crisis in 2011.
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Auditors Criticize EU Handling of Financial Crisis
February 01, 2016
Politico reports that the European Court of Auditors has released a report highlighting lapses in the European Commission's handling of bailouts in countries facing the financial crisis, finding that required reforms of national policies were sometimes disproportionate in light of the problems each country faced.
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At Summit, EU Leaders Mull Extension of Border Controls
February 01, 2016
At a summit in Amsterdam, EU officials and leaders of EU member states are considering a potentially indefinite expansion of controls on the borders of Schengen countries as the region's refugee crisis continues and have ramped up pressure on Greece to do more to counter the influx of migrants at its borders.
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Belgian Official Objects to EU Transactions Tax Provisions
January 29, 2016
Belgian Finance Minister Johan Van Overtveldt has announced his concerns that a deal among ten countries in the EU - including Belgium - establishing a tax on financial transactions could harm the Belgian financial system and raise the cost of financing public debt.
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European Regulators Eye Potential Action on US Data Use
January 29, 2016
The New York Times reports that European officials, including the head of France's privacy regulator and a leader of EU data-protection officials Isabelle Falque-Pierrotin, are considering legal action against US technology giants in case US and EU officials fail to reach a deal on online data protection by the beginning of February.
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