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BROWSING TAG "European Commission"

The Italian Rescue Fund

The Italian Rescue Fund

Italy reached a preliminary agreement with the European Commission to establish a fund to compensate customers affected in 2015 by the state’s action of saving four small banks. Italian Prime Minister, Matteo Renzi, was under intense pressure to compensate the…
Greece Issued an Ultimatum

Greece Issued an Ultimatum

The Greece government has been trying over the several months to reach a compromise with its creditors but it seems that after Greece’s Prime Minister Alex Tsipras last week’s rejection of the new deal presented by European Commission’s President Mr…