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Austria found itself under pressure to ease its strict banking secrecy laws on Thursday, a day after Luxembourg said it would share information with other European Union members about bank accounts held by EU citizens.French Budget Minister Bernard Cazeneuve warned that his country may blacklist Austria, the last EU member not to agree to an automatic exchange of bank account information to combat tax evasion."It is not normal that countries like Austria for instance don't share information on [bank] accounts held there by European Union citizens," Mr. Cazeneuve said on French radio. "If these countries do not cooperate, if there is not a convention covering an information exchange that allows for total transparency within the European Union, these countries expose themselves to the risk of appearing on the list of noncooperative states."Mr. Cazeneuve's remarks came one day after French President Francois Hollande vowed to crack down on tax havens. They also come a day after Luxembourg...
It started as an informal dinner among European finance ministers more than 14 years ago and has steadily gained prominence under its veteran president, Jean-Claude ...
Dutch Finance Minister Jeroen Dijsselbloem was confirmed by his euro zone peers as president of the Eurogroup on Monday, a senior euro zone official said.The ministe...
The man likely to head the Eurogroup of euro zone finance ministers told his colleagues on Monday he wanted to move on from simply fighting crises and focus on longe...
French Finance Minister Pierre Moscovici said on Sunday he hoped his Dutch counterpart Jeroen Dijsselbloem, who is expected to become head of the Eurogroup, would pr...
The dollar held slim gains on the euro as Japan's yen slowed its pace of appreciation Wednesday, with some technical levels and comments from central bank officials ...
Talk is building of an all-out currency war as policy makers line up to complain that some countries are gaining an unfair trade advantage by depressing their curren...
The global financial system is a complicated network of market participants that are constantly rewriting the rulebook in the wake of the recent economic crisis. How...
Concerns over global economic growth and a continuing political impasse surrounding the U.S. budget left European shares struggling for direction Wednesday.The Stoxx...
The euro pared its loss versus the dollar on Wednesday and the yen slowed its pace of gains.The euro dropped like a rock in the prior session after Luxembourg Prime ...
Concerns over global growth and the economic outlook closer to home kept European stocks under pressure Wednesday.The Stoxx 600 Europe index fell 0.4% to 284.87.Bank...
European stocks started Wednesday on a soft note, tracking a weaker tone in Asia, after the outgoing chairman of the Eurogroup of euro-zone finance ministers warned ...
The Japanese yen jumped against the dollar Tuesday, bucking its recent downward trend, after a government minister warned about the consequences of an overly weak cu...
Luxembourg announced a radical shift in its policy on banking secrecy Wednesday, saying it would exchange information with the rest of the European Union about EU ba...
For Jeroen Dijsselbloem, the new face of the euro zone, a furor over a decision to hurt savers in Cyprus has been a baptism of fire in his role as chairman of the Eu...
There is room to change the bailout plan for Cyprus to help savers with relatively small deposits, Austrian Finance Minister Maria Fekter said on Monday."What happen...
European stock markets closed mostly lower on Tuesday, as disappointment with the Bank of Japan's latest policy decision offset better-than-expected German sentiment...
The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), tho...
The Eurogroup said late Monday that Netherlands Finance Minister Jeroen Dijsselbloem has been appointed its new president. Dijsselbloem will replace Jean-Claude Junc...
Dutch Finance Minister Jeroen Dijsselbloem was appointed the new chairman of euro zone finance ministers on Monday and told his colleagues he wanted to move on from ...
