European Union Headlines

  • AP Exclusive: Key EU banker accused of bribery, Russia ties

    Latvia's top banking official explained the "rules of the game" for successful banking in the small European country. His sidekick sat the owner of Norvik bank down, scribbling the sum on a piece of paper: 100,000 euros ($125,000) a month. An international complaint filed by Latvian bank...

    ABC News
  • World stocks break recovery streak with U.S. and China closed

    LONDON (Reuters) - World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.

    www.reuters.com
  • Latvian representative at ECB detained in bribery case

    Ilmars Rimsevics questioned on charge relating to bank accused of doing business with North Korea The reputation of the European Central Bank is under the spotlight after the detention of one its policymakers over bribery allegation. Ilmars Rimsevics, who represents Latvia on the ECB general council, was questioned on a charge of demanding a bribe from the country’s third largest bank, ABLV, which is being investigated in a separate money-laundering inquiry. Continue reading...

    the Guardian
  • Brexit Bulletin: Brussels awaits Theresa May's agreed vision

    Good afternoon.

    The Telegraph
  • Merkel proposes ally for crucial party job

    BERLIN (Reuters) - German Chancellor Angela Merkel put forward close ally Annegret Kramp-Karrenbauer on Monday to take over as secretary general of her Christian Democrats (CDU), heeding calls from within the party to inject new blood and groom a successor.

    www.reuters.com
  • Eurogroup endorses Spanish fin min for senior ECB post

    Eurozone finance ministers on Monday endorsed their Spanish counterpart Luis de Guindos for the coveted post of European Central Bank vice president, after Ireland withdrew the only other candidate. "Eurogroup gives support to Luis de Guindos," the ministers said in a statement during talks...

    ABC News