Stories that are tagged 'European Union (EU)'

	Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/16/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French Socialist President-elect François Hollande underscored the importance of Germany and France continuing to work closely together in the interests of Europe, and their responsibility and commitment to collaborating on ideas aimed at stimulating growth in Europe ahead of the European Council meeting in June.
	ECJ Urged To Confirm Passenger Delay Compensation 5/16/2012 An Advocate General has proposed to the European Court of Justice that it should confirm that a passenger whose flight is delayed by three hours or more may seek flat-rate compensation from the airline.
	Italian Property Tax Slammed As 'Odious And Inequitable' 5/16/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori, in the European Parliament, has described the new Italian tax on the value of overseas properties and financial assets as only the latest in a long line of attacks on the finances of Italian expatriates.
	EP Demands Accurate Information On Tax Evasion 5/16/2012 The European Parliament has recently passed a resolution calling for accurate information on customs duty and value-added tax evasion in member states, to protect the European Union’s financial interests and to prevent misuse of its funds.
	EU's First EPA With African Countries Goes Into Effect 5/16/2012 The interim Economic Partnership Agreement between the European Union and four Eastern and Southern African states, Mauritius, Madagascar, the Seychelles and Zimbabwe, went into effect on May 14, 2012.
	MEPs Agree Deal On Mobile Roaming Price Caps 5/14/2012 Data roaming and phone calls abroad for European Union consumers should be much cheaper from July 1 this year, due to an agreement with the European Council which has been endorsed by the European Parliament.
	De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
	Restrictions On Italian Private Tax Collectors Declared Illegal 5/11/2012 The Court of Justice of the European Union has decided the Italian provision that private operators should have a share capital of at least EUR10m in order to be entitled to collect local taxes is contrary to European law on freedom of establishment and freedom to provide services.
	Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
	Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank tax in 2013, before subsequently abolishing the levy in 2014.
	Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta Fernandez Curraz has recently defended the country’s budgets for 2012, insisting that they are based on discipline and fiscal consolidation, to enable the government to confidently overcome the crisis.
	EU Fails To Unite On Basel III 5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish Presidency of the European Union, EU Economic and Financial Affairs Council ministers failed to agree a common approach on the issue of more stringent capital standards.
	Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker has firmly ruled out the idea of completely renegotiating the fiscal compact, agreed by twenty-five of the twenty-seven European Union member states back in March, and aimed at strengthening budgetary discipline, following the election of François Hollande as the new French President.
	UK Peers Warn Over Transaction Tax Implications 5/9/2012 The UK’s House of Lords has once again attacked plans by the European Commission for a Europe-wide financial transaction tax, warning that if introduced, the UK could account for 71% of the revenue it would raise.
	EU, US Agree Common List Of 'Trusted Traders' 5/9/2012 The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade.
	European Court Rules Software Functionality Not Copyright Protected 5/8/2012 In SAS Institute Inc. v. World Programming Ltd, the Court of Justice of the European Union has made an important ruling in that computer functions, programming languages, and data file formats could not qualify for copyright protection, and that only actual software code was eligible for copyright protection.
	WIPO, EPO Agree To Support Patent Cooperation Treaty 5/8/2012 With the aim of further developing the international patent system within the framework of the Patent Cooperation Treaty, the European Patent Office and the World Intellectual Property Organization have agreed on a comprehensive three-year technical co-operation scheme.
	Spain Told To Amend Excise Duty Regime 5/4/2012 The European Commission has formally requested Spain to modify its rules on excise duties to bring them into line with European Union legislation.
	Frieden Backs 'Inspirational' Swiss-German Tax Deal 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently underscored that the Swiss-German bilateral tax treaty will greatly influence and will be ‘inspiring’ for the ongoing debate within the European Union on the taxation of interest.
	HMRC Will Not Appeal Stamp Duty Ruling 5/3/2012 The UK tax authority, HM Revenue and Customs, will no longer seek to impose Stamp Duty Reserve Tax on the issue of shares to depositary receipt issuers and clearance services outside the European Union following a recent legal ruling.
	ASEAN, EU Confirm Importance Of FTA Talks 5/2/2012 When the foreign ministers of the Association of Southeast Asian Nations and European Union held a meeting in Brunei on April 27, emphasis was laid on the on-going negotiation of free trade agreements between the two regions.
	Ireland Completes Latest Bailout Review 5/1/2012 Ireland has achieved all the targets set under its bailout agreement, the European Commission, European Central Bank and International Monetary Fund have said in their latest quarterly review, news welcomed by the Irish government.
	UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier, European Commissioner for Internal Market and Services, and Paul Tucker, the Bank of England’s Deputy Governor for Financial Stability, have outlined their views on policies for its better regulation.
	Philippines Wins More Time In Booze Tax Case 5/1/2012 The government of the Philippines has confirmed that it has concluded negotiations with the United States and the European Union on the reasonable period of time for it to comply with the World Trade Organization ruling that the excise taxes it applies on imported distilled spirits are discriminatory.
	Ireland Details Planned Stability Treaty Legislation 4/30/2012 Ireland's Finance Minister Michael Noonan has outlined plans for future legislation that would implement key provisions of the European Stability Treaty, were the Irish people to vote in favour of adopting it at a forthcoming referendum.
	EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has said in a recently adopted resolution that the European Commission’s proposed financial transaction tax should be better designed in order to capture more traders and to make evading it unprofitable.
	Dutch Opposition Shuns Austerity Path 4/27/2012 During an emergency debate in parliament, following the shock resignation of Mark Rutte’s minority coalition, leader of the Dutch Social Democrat opposition party Diederik Samson underlined the need to move away from the controversial austerity course.
	Hollande Eyes Growth-Orientated Fiscal Compact 4/26/2012 With just days to go before the second round of presidential elections, French Socialist candidate François Hollande, currently ahead of his rival Nicolas Sarkozy in the opinion polls, recently welcomed remarks made by President of the European Central Bank Mario Draghi on the need to conclude a eurozone pact on growth, to complement the fiscal compact aimed at strengthening budgetary discipline among member states.
	Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
	EU Data Watchdog Confirms ACTA Privacy Concerns 4/26/2012 The European Data Protection Supervisor has issued a further Opinion, deciding that the Anti-Counterfeiting Trade Agreement may have unacceptable side effects on the fundamental rights of individuals, if its measures are not implemented properly.
	EU Parliament Backs Mandatory CCCTB 4/26/2012 The European Parliament has voted in favour of making mandatory the implementation of a Common Consolidated Corporate Tax Base among European Union member states despite sustained opposition from some nations.
	Netherlands Intensifies Efforts To Combat VAT Fraud 4/24/2012 Dutch State Secretary for Finance Frans Weekers has recently unveiled details of plans to give a new boost to the international fight against value-added tax fraud.
	Ireland Launches Stability Treaty Campaign 4/24/2012 The Irish government has launched a public information campaign in the run up to next month's referendum on the latest deal designed to shore up the European Union's finances.
	EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10 regimes of both Jersey and the Isle of Man.
	Austria's Fiscal Policy Backed By Fitch 4/19/2012 Austria’s Finance Minister Maria Fekter has recently welcomed the triple A rating accorded to Austria by ratings agency Fitch, which endorsed the government's 2012 budget consolidation package.
	EU Consults On Rules For Wirelessly Connected Devices 4/13/2012 The European Commission has launched a public consultation to ensure that the rights of individuals are respected in the so-called "Internet of Things", where everyday objects, such as phones and cars, are wirelessly connected to the internet through smart chips, and can collect and share data.
	Commission Adopts Report Calling For New EU AML Directive 4/13/2012 In light of the adoption in February this year of revised international anti-money laundering standards by the Financial Action Task Force, and its own review process, a report on the application in the European Union of the Third Anti-Money Laundering Directive has been adopted by the European Commission.
	EU, US Adopt Commitment To Open FDI Regime 4/12/2012 Within the framework of the Transatlantic Economic Council, the European Trade Commissioner Karel De Gucht has announced that the European Union and the United States have reaffirmed their commitment to a set of principles for creating and maintaining an open, transparent and non-discriminatory international investment regime.
	EU Agrees ECJ Submission On ACTA 4/6/2012 The European Commission has taken the next step in referring the Anti-Counterfeiting Trade Agreement to the European Court of Justice, by agreeing on the legal submission to be put before the Court.
	US Announces New Challenge To EU In Airbus Case 4/6/2012 The Office of the United States Trade Representative has confirmed that it has requested the establishment of a World Trade Organization compliance panel to consider whether the European Union removed illegitimate subsidies to Airbus fully and in a timely manner.
	EU To Investigate Cross-Border Worker Taxation 4/6/2012 Tax provisions of European Union member states are to be scrutinized to ensure that they do not discriminate against cross-border workers, in a targeted initiative launched by the European Commission.
	EUR800bn 'Firewall' Set In Place For Euro Zone 4/5/2012 During the recent meeting of European finance ministers in Copenhagen, euro zone finance ministers agreed to a total capacity of around EUR800bn (USD1tn) for the euro rescue mechanism, according to the German finance ministry.
	Ireland Receives Danish Bailout Loan 4/4/2012 Ireland has received EUR100m via its loan agreement with Denmark, funding welcomed by the Finance Minster who said that the bailout is helping the country rebuild its economy.
	De Gucht Calls For An EU-ASEAN FTA 4/4/2012 During his speech to the European Union – Association of Southeast Asian Nations Business Summit in Phnom Penh on April 1, Karel De Gucht, the European Commissioner for Trade, stressed that a comprehensive free trade agreement was needed between the two regions.
	Air Passenger Claims Backed By EU Court Advisor 4/3/2012 An Advocate General to the European Court of Justice has found that an air carrier must provide care to passengers whose flights have been cancelled because of extraordinary circumstances such as the closure of airspace following the eruption of the Eyjafjallajökull volcano in a case brought by an Irish passenger against airline Ryanair.
	Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule has put forward an alternative proposal, starting with a tax imposed on the stocks and shares of companies listed on the stock exchange.
	UK House Of Lords Slams FTT Proposals 4/3/2012 European plans for a Financial Transaction Tax place the City of London under severe threat, a group of UK lawmakers has warned.
	EU Consults On Future Insolvency Law 4/3/2012 The European Commission has launched a public consultation on modernizing European Union rules governing insolvencies, which have applied since May 2002 and set out how bankruptcies – of companies or individuals – should be coordinated between member countries.
	ECJ Agrees Italian Tax Dispute Time Limitation 4/2/2012 The European Court of Justice has given its preliminary ruling that the conclusion without further examination of tax proceedings pending before the Italian Corte Suprema di Cassazione and Commissione Tributaria Centrale, which were brought more than 10 years ago, is compatible with European Union law.
	EU Deal Reached On Mobile Roaming Price Caps 3/30/2012 Data roaming and phone calls abroad for European Union consumers should be much cheaper form July 1 this year, due to a provisional agreement between the European Parliament and the European Council.
	Austrian Lower House Backs Savings Package 3/30/2012 The Austrian national council has recently adopted the government’s savings package, providing for savings between 2012 and 2016 of around EUR17.3bn (USD22.7bn) and for additional tax revenues of approximately EUR9.2bn, achieved predominantly by closing existing tax loopholes.
	COMESA Members And EU Discuss EPAs 3/29/2012 A delegation of MEPs from the European Parliament has recently held a consultative meeting in Lusaka, Zambia, with the Chair of the Eastern and Southern Africa group of countries to discuss their Economic Partnership Agreement negotiations with the European Union.
	Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker expressed his reservations regarding the idea of a tax on financial transactions, advocating instead that an alternative be examined.
	Schäuble Concedes FTT Doomed To Failure 3/28/2012 In a shock announcement just ahead of a crucial euro zone finance ministers’ meeting in Copenhagen, German Finance Minister Wolfgang Schäuble has finally conceded that Franco-German plans for the introduction of a European tax imposed on financial transactions are doomed to failure.
	Switzerland Snubs Tax Deal With Austria 3/28/2012 The Swiss government has no firm plans to conclude a bilateral tax agreement with Austria to resolve the longstanding issue of undeclared bank accounts held by Austrian nationals in the Confederation’s banks despite claims to the contrary by the Austrian government.
	Sweden Urged To Amend 'Discriminatory' Pensions Taxation 3/26/2012 The European Commission has officially asked Sweden to amend its tax rules on pension funds because they are said to discriminate against non-resident pension funds compared to domestic pension funds when it comes to taxing dividends distributed in Sweden.
	EU Strengthens IPR Protection Body 3/27/2012 The adoption of a Regulation by the European Parliament and Council is seen to be the first legislative delivery from the strategy of the European Commission towards a single market for intellectual property rights.
	Schäuble Eyes 'Extended' Stock Market Tax 3/27/2012 German Finance Minister Wolfgang Schäuble has recently conceded that there is little chance of a financial transactions tax at European Union level, and has therefore advocated instead the introduction of an extended stock market tax.
	SEC Enhances Cooperation With EU, Cayman Islands 3/27/2012 The United States Securities and Exchange Commission has announced that it has established two memoranda of understanding with the Cayman Islands Monetary Authority and the European Securities and Markets Authority, as part of its long-term strategy to improve the oversight of regulated entities that operate across national borders.
	EU To Regulate Public Procurement Market 3/26/2012 The European Commission has proposed a Regulation that should help to open worldwide public procurement markets and ensure European Union businesses have fair access to them, while also aiming to ensure that all firms (both European and non-European) are on an equal footing when competing for business in the European public procurement market.
	Switzerland, UK Supplement Withholding Tax Agreement 3/23/2012 Switzerland and the United Kingdom have recently signed in Brussels a Protocol of Amendment that supplements the withholding tax agreement of October 6, 2011.
	Semeta Eyes 'Political Compromise' On EU FTT 3/22/2012 During a recent meeting of members of the finance and fiscal committees in the Danish parliament in Copenhagen, European Union Commissioner for Taxation Algirdas Semeta once again underlined the need for a European financial transactions tax (FTT) to partially fund the European budget thereby reducing national contributions, while acknowledging the need for a 'political compromise'.
	US, EU Issue Joint Statement On Data Privacy 3/22/2012 A joint statement, following a conference in which both European Commission Vice-President Viviane Reding and the United States Commerce Secretary John Bryson participated, confirms the deepening trans-Atlantic dialogue on commercial data privacy issues.
	Switzerland, EU Discuss Tax 3/22/2012 Swiss President Eveline Widmer-Schlumpf and Federal Councillor Burkhalter have recently met with top European Union representatives within the scope of a working visit in Brussels, with the discussions focussing on current developments in bilateral relations and in particular on strengthening cooperation in the area of taxation.
	EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
	Germany Seeks To Iron Out Swiss Tax Deal Issues 3/19/2012 Following recent ‘constructive’ talks with his colleagues from Social Democrat- and Green Party-led federal states, German Finance Minister Wolfgang Schäuble has agreed to hammer out with Switzerland certain changes to the bilateral Swiss-German tax deal, signed in September.
	European Aviation Fears EU ETS Backlash 3/19/2012 In joint letters, the heads of some of Europe's major airlines and aviation engine manufacturers have called upon European Union leaders to take action and stop an escalating trade conflict with China and other countries opposing the European Emissions Trading Scheme.
	EU Divided Over FTT 3/15/2012 Despite months of ongoing discussions, Europe remains divided and seemingly no further forward on the controversial issue of a financial transactions tax.
	China Under Attack Over Rare Earth Export Restraints 3/15/2012 The United States, European Union and Japan have jointly requested consultations with China at the World Trade Organization concerning what they call the latter’s unfair export restraints on rare earths, as well as tungsten and molybdenum.
	Germany Defends VAT Rules For Art 3/14/2012 Germany’s State Minister for Culture Bernd Neumann has recently underlined his grave concerns regarding the European Commission’s request that Germany apply the full rate of value-added tax to the supply of works of art and collectors’ items.
	International Trademark Filings Set New Record 3/14/2012 2011 saw the highest number of international trademark applications ever filed under the World Intellectual Property Organization’s Madrid System for the International Registration of Marks with 42,270 applications, or a 6.5% increase compared to 2010.
	EU Data Protection Rules Still Not Comprehensive, Says Watchdog 3/12/2012 The European Data Protection Supervisor has generally welcomed the proposed package for a reform of the European Union data protection law, but remains concerned that it is 'far from a comprehensive set of rules'.
	European Commission Acts On Securities Settlement 3/8/2012 In an attempt to bring more safety and efficiency to the financial system in Europe, the European Commission has proposed the establishment of a European common regulatory framework for Central Securities Depositories, the institutions responsible for securities settlement.
	Canada Committed To EU Trade Deal 3/8/2012 Concluding a Comprehensive Economic and Trade Agreement with the European Union is Canada's most important trade negotiating policy, the ministers in charge have said.
	Ireland Receives Latest Cash Injection 3/8/2012 The European Commission has given the go-ahead for Ireland's latest bailout payment, concluding that the country's austerity programme is strong and on track.
	Germany 'Modifies' EU-Contested Swiss Tax Deal 3/9/2012 Germany and the European Commission have reportedly resolved their differences over the bilateral German-Swiss withholding tax deal aimed at preventing tax evasion.
	BT, Talk Talk Lose UK File-Sharing Appeal 3/7/2012 On March 6, 2012, two of the UK's largest internet service providers, British Telecommunications and Talk Talk, lost their court appeal against the controversial Digital Economy Act 2010, which contains provisions designed to crack down on copyright theft over the internet, is contrary to European Union law.
	Euro 25 Sign Up To Fiscal Compact 3/6/2012 On the margins of the recent European Council meeting in Brussels on March 1 and 2, twenty-five European leaders, with the exception of the UK and the Czech Republic, signed the Treaty on Stability, Coordination and Governance aimed at strengthening fiscal discipline and introducing stricter surveillance within the euro area, in particular by establishing a 'balanced budget rule'.
	Obama Sets Out 2012 Trade Policy Agenda 3/6/2012 President Barack Obama has presented to Congress his 2012 United States Trade Policy Agenda, which looks for a conclusion of negotiations for the extended Trans-Pacific Partnership regional trade agreement, and enhanced trade enforcement efforts to investigate unfair trading practices in other countries.
	Belgium Urged To Extend Venture Capital Tax Break 3/5/2012 The European Commission has officially asked Belgium to amend its legislation on tax credits for investing in venture capital.
	Google's New Privacy Policy Raises EU Concerns 3/5/2012 Despite the concern expressed in the preliminary findings of the French data protection regulator, Commission nationale de l'informatique et des libertés, the internet company Google has gone ahead with the application of its new privacy policy from March 1, 2012.
	Ireland To Vote On Fiscal Compact 3/2/2012 Ireland is to hold a referendum on the European Stability Treaty, Prime Minister Enda Kenny has said, a deal he argues will help rebuild the country's economy and international reputation.
	MEPs Receive Public Petition Against ACTA 3/1/2012 The European Parliament has received a petition, signed by almost 2.5m people worldwide, calling on its members 'to stand for a free and open internet and reject the ratification of the Anti-Counterfeiting Trade Agreement'.
	Virgin Australia Announces Carbon Tax Surcharges 2/28/2012 Virgin Australia has outlined the surcharges it will add to flight prices in response to new Australian and European Union carbon pricing schemes.
	WTO Announces Progress On Trade Disputes 2/28/2012 The World Trade Organization's Dispute Settlement Body at its meeting on February 22, 2012, established a panel to examine US anti-dumping measures on Korean steel products, and adopted a report in respect of China's export restraints on certain raw materials.
	German Bundestag Backs Greek Package 2/29/2012 The German Bundestag, or lower house of parliament, has recently adopted by a large majority the second rescue package for Greece, designed to grant Athens further financial assistance of a maximum of EUR130bn (USD175bn) until 2014.
	EU Opens FTA Talks With Armenia 2/27/2012 The European Union has confirmed its decision to launch negotiations with Armenia towards a deep and comprehensive free trade area to boost bilateral trade and investment ties.
	EU Takes A Look At Structural Banking Reforms 2/27/2012 Michel Barnier, the European Commissioner for the Internal Market and Services, has appointed the members of the High-level Expert Group which is to examine structural aspects of the banking sector in the European Union.
	EU Refers ACTA To European Court 2/24/2012 The Commissioner for Trade, Karel De Gucht, has disclosed that the European Commission has agreed with his proposal to refer the Anti-Counterfeiting Trade Agreement to the European Court of Justice.
	Hungarian Lawmakers Back EU Fiscal Compact 2/24/2012 The Hungarian parliament has recently adopted plans to join the new European Union fiscal compact, designed to strengthen fiscal discipline.
	EU Adopts 'Think Small First' Regulation Agenda 2/22/2012 At its meeting on February 20-21, the European Council adopted conclusions on a future smart regulation agenda with a strong end-user focus, in that it will seek wherever possible to exempt small businesses from European Union legislation, or to introduce special regimes so as to minimise the regulatory burden on them.
	Eurogroup Welcomes Agreement On Greek Policy Package 2/23/2012 The Eurogroup has issued a statement welcoming the agreement reached with the Greek government on a policy package constituting the basis for the EUR130bn (USD172bn) bailout programme, which is conditional on Greece finding another EUR325m in budget savings.
	Consultation Launched Into European Company Law 2/22/2012 The European Commission has launched an in-depth consultation on the future of European company law, to ascertain whether Europe’s needs are still met by the existing legal framework.
	Eurozone Backs Second Greek Bailout Deal 2/22/2012 Following over twelve hours of intense negotiations, eurozone finance ministers gathered in Brussels finally agreed to a second EUR130bn (USD170bn) rescue package for Greece, to enable the country to avoid bankruptcy and to secure its future in the eurozone.
	General Internet Filtering Not Allowable Under EU Law 2/21/2012 The European Court of Justice has refused to approve the imposition of an injunction by a national court within the European Union which would have required an internet service provider to install a general filtering system with a view to preventing the illegal downloading of musical and audio-visual files.
	Greece Agrees EUR3.3bn Savings Plan 2/21/2012 Just ahead of a planned meeting of eurozone finance ministers in Brussels, the Greek cabinet has unanimously approved a final series of austerity measures totalling EUR325m (USD429m) to secure the EUR130bn bailout agreement from international lenders including the European Union and the International Monetary Fund, vital to avoiding bankruptcy.
	EU Court Questions Italian Gambling Licensing Procedures 2/20/2012 The European Court of Justice has provisionally found that European Union law precludes national betting and gaming legislation, such as that in force in Italy which requires a minimum distance between betting outlets, where the aim is to protect the market position of existing operators.
	FATF Adopts Revised International AML Standards 2/20/2012 The Financial Action Task Force anti-money laundering standards have been revised to strengthen global safeguards and further protect the integrity of the financial system, by providing governments with stronger tools to take action against financial and tax crimes.
	BASIC Countries Slam EU Carbon Tax On Airlines 2/17/2012 The 10th BASIC Ministerial Meeting on Climate Change, held recently in New Delhi, has heavily criticized the inclusion of international aviation in the European Union Emissions Trading Scheme.
	Juncker 'Confident' On Greek Bailout Deal 2/16/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude Juncker has underlined his confidence that the Eurogroup will indeed be able to implement all the necessary decisions regarding Greece’s second adjustment programme during its forthcoming meeting on February 20.

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