Greece’s Prime Minister Alexis Tsipras will ask the Greek Parliament for a vote of confidence tomorrow. The reason for this call is the resignation of Defence Minister Panos Kammenos, chairman of the coalition partner of the right-wing populist party “Independent Greeks” (Anel), who resigned over the debate of renaming of Macedonia. The Macedonian parliament approved […]

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) today voted on the European Commission’s proposals to reform the European system of financial supervision. The legislative package includes the Regulation of the three European Supervisory Authorities (European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority), several pieces of […]

The ECB took over control of the Italian lender Banca Carige after several attempts to stabilize the struggling bank failed.   MEP Sven Giegold, financial and economic policy spokesperson of the Greens/EFA group commented:   “The take over of the management of Banca Carige raises serious questions which need a European investigation. Only a few […]