Greece Forms New Government
On Wednesday Greece managed to agree in principle to form a conservative coalition government, with three pro-bailout parties agreeing to cooperate and giving the coalition a majority of 179 seats.
E.U. Could Trim Bank Bonuses
E.U. banks could soon find themselves regarded in much the same way as power or water companies: entities that keep society functioning but pretty much stay in the background.
EU May Regulate Banker Pay
European Union officials could include in their draft bank capital law measures to limit banker pay, setting in place a specified limit between the highest and lowest paid, as well as instituting a limit on bonuses.
Greek Tax Officials Strike
Tax officials in Greece further complicated the country's efforts to cope with its austerity measures in the midst of the debt crisis as they walked off the job on Thursday, shutting down tax offices for the last two working days of the year.
EU Plans to Shake Up Ratings Agencies
A new draft law unveiled Tuesday by the European Union angered ratings agencies Moody's, Standard & Poor's and Fitch, although according to Internal Market Commissioner Michel Barnier it is designed to inject competition into the sector, currently dominated by the 'big three.'