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A senior official reveals Bank of England’s EU exit project in an email

A senior official of the Bank of England inadvertently sent details of a confidential project on the United Kingdom (UK) leaving the European Union (EU) in an email to the Guardian. The email says a group of senior officials are

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How Islamic Union will affect the economic development

By Harun Yahya Contemporary world politics make it necessary for nations to integrate into international unions in the interest of their own national security and economy. In these international unions, which are usually based upon geographic location, such factors as

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Eurozone jobless rate climbs to record high in October.

The eurozone unemployment rate inched up in October to a record-high 11.7%, compared to 11.6% the previous month, Eurostat, the European Union’s statistics office, said on Friday. That figure marks a new record for the eurozone, while the jobless rate

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Bargaining over EU 7yr budget draft

Brussels- Leaders from around Europe arrive in Brussels Thursday for what promises to be a turbulent summit on the budget for the 27-country European Union. And for once, Britain will be at the heart of the debate. In a battle

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Eurozone Crisis: Inflation At Six Month High

Expectations of another interest rate cut from the European Central Bank (ECB) were weakened, after official figures showed inflation in the 17-nation eurozone rose to a six month high in September. According to Eurostat on Friday, prices in the eurozone

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Six Day Work Week Suggested For Greece

In an email sent to the Greek Ministries of Finance and Labor, Greece’s international lenders have suggested that Greece should introduce a six day work week. Other proposals made by the Troika in exchange for the second bailout include reducing

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EU agrees strict new bank rules

The European Union has agreed strict new rules for banks, intended to make them safer and eliminate the need for future bailouts. All EU banks will have to hold more “top-quality capital”, broadly meeting new international standards, the 27 nations

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German Finance Minister Wolfgang Schaeuble eyes EU role

German Finance Minister Wolfgang Schaeuble has indicated interest in becoming chairman of the eurozone finance ministers’ regular meetings. It is a key position that involves coordinating policy among the 17 countries that use the euro. Known as the Eurogroup, it

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Spain’s jobless level hits record 4.75 million

The number of Spanish jobseekers rose for the eighth month in a row in March to hit a record 4.75 million. The Labour Ministry said the number of people filing for unemployment benefits rose by 38,769 with the services sector

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Spain's jobless level hits record 4.75 million

The number of Spanish jobseekers rose for the eighth month in a row in March to hit a record 4.75 million. The Labour Ministry said the number of people filing for unemployment benefits rose by 38,769 with the services sector

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