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Are you ready to use a ‘digital wallet’? For the uninitiated, this refers to a virtual currency that is meant to be a complement to the cash in peoples’ wallets. Eurozone central bankers are leaning towards a rollout of the so-called digital euro later this year. The digital euro will be an electronic form of […]
The vaccination rollout has been plagued by bureaucratic sclerosis, poorly-negotiated contracts, penny-pinching and blame shifting — all wrapped in a shroud of secrecy. The result is a needless and embarrassing shortage of vaccines, and yet another a crisis of legitimacy for the EU. "The European Commission ordered too late, limited its focus to only a few pharmaceutical companies, agreed on a price in a typically bureaucratic EU manner and completely underestimated the fundamental importance of the situation. We now have a situation where grandchildren in Israel are already vaccinated but ...
(ANSA) - BRUSSELS, 13 GEN - The European Commission launched an in-depth investigation into the state aid that the Czech Republic had given to some agricultural companies, defined as SMEs, when, in reality, they were large companies. Agrofert, the company founded by the Czech Prime Minister, Andrej Babiš, has received this type of help in the past, according to allegations by the European People's Party. Last summer, the European Parliament had also passed a resolution against the Czech leader's interest conflict. At the end of 2020, the European Commission's audit highlighted bot...
EU needs master plan to grab euro finance Senior lawmaker says bloc needs financial system to compete with greenback Reuters January 19, 2021 People wave a European Union flag in front of the Palace of Culture during a EU parade in Warsaw in a file photo. PHOTO: REUTERS REUTERS/Katarina Stoltz LONDON: The European Union needs a “master plan” to move euro financial services from London to the bloc if it wants to expand the single currency’s role in a global economy dominated by the US dollar, a senior EU lawmaker said on Monday. Markus Ferber, a senior member of the European Parliament...
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