The European Commission (EC) recently proposed reforms for the European Union’s derivatives markets that it estimates could save participants up to $2.84 billion in operational costs and $7.54 billion in one-off costs.
Following the appointment of Haiti’s new government, the European Union (EU), through Commissioner for International Cooperation and Development Neven Mimica, has pledged further support for the country through a new aid package.
International watchdog Transparency International says 11 of 12 Balkan nations are perceived as “highly corrupt,” and that Kosovo, Macedonia, Bosnia & Herzegovina, Albania, Bulgaria and Serbia have “endemic corruption” in their public sector.
During a recent informal European Union (EU) summit in Malta, Greek Prime Minister Alexis Tsipras brought attention to increased Turkish military action in the Aegean Sea and the International Monetary Fund’s (IMF) strict position in terms of Greece’s economic situation.
Greece and the larger European Union community are awaiting the International Monetary Fund’s proposals and observations on the country’s adjustment program, which are expected to affect Greece's direction moving forward.