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Italy restores €35 million (US$38 million) of funding for UNRWA several months after it suspended the aid due to allegations linking UN staff to the October 7 attacks.
2024-05-25

Gas prices for the United Kingdom and the European Union increase by 17% after the German energy regulator suspends the approval of the Nord Stream 2 pipeline from Russia to Germany. The regulator says that the pipeline needs to comply with German law before they can certify the €10 billion project.
2021-11-16

A French court issues the French subsidiary of the Dutch multinational conglomerate IKEA a €1 million (US$1.2 million) fine for conducting illegal employee monitoring activities on its employees and applicants between 2009 and 2012. Its former chief executive officer is also given a two-year prison sentence.
2021-06-15

Polish Prime Minister Mateusz Morawiecki proposes a €1 billion (US$1.2 billion) stabilization fund by the European Central Bank to revitalize the Belarusian economy amid the protests.
2020-09-17

German universal bank Degussa Bank is put up for sale as parent company M. M. Warburg raises funds to pay off fines and debts incurred from its participation in Germany's biggest post-war fraud scheme. The Bank is valued between €200-400 million.
2020-07-23

Consultancy PwC says that global banks with business both in London and on the European continent must plan for a hard Brexit that entails a break with many of the benefits of the Euro system, and a short transition period.
2017-01-31

European Union Agriculture Ministers meet in Luxembourg to discuss the continuing 2011 E. coli O104:H4 outbreak that has so far killed 23 and for which no cause has yet been found; a 150 million euro compensation fund is proposed, but no Europe-wide bans on produce.
2011-06-7

Irish financial crisis. Widespread speculation that senior bondholders of Irish banks will have to take a "haircut" -- i.e. share in the costs of an EU bailout -- leads to downgrades in the credit worthiness of the institutions that hads the most at stake in the ballooning property values of recent years.
2010-11-26

2001 Nobel laureate economist Joseph Stiglitz warns of a "wave of austerity" set to sweep across Europe, triggering a new recession and the demise of the euro, and predicts Spain will enter a "death spiral" - similar to that of Argentina a decade ago - when it is attacked by speculators.
2010-10-4

The Euro falls to near year-low levels amid concerns about Greece's debt crisis.
2010-04-22