Economic Regions PIIGS

  • *Spain, Portugal failed to correct excessive deficits in 2014-15. *Spain says will escape fine, set a new fiscal path. BRUSSELS, July 7- The European Commission began formal disciplinary procedures against Spain and Portugal on Thursday for their excessive deficits in 2014 and 2015, which may lead to fines for the two countries before the end of July.

  • BELGRADE- National Bank of Serbia announces interest rate decision- 1000 GMT. LISBON, Portugal- OECD Global Forum on Productivity: Structural Reforms for Productivity Growth. FRIDAY, JULY 8 LISBON, Portugal- OECD Secretary-General Angel Gurria and Portugal Finance Minister Mario Centeno to attend OECD Global Forum on Productivity: Structural Reforms for...

  • WEDNESDAY, JULY 6 VESTAL, United States- Federal Reserve Bank of New York President William Dudley meets with Binghamton University researchers and Southern Tier Regional Economic Development Council members to discuss economic development projects, and tours the BU Innovate Technologies Complex- 1200 GMT. FRANKFURT- European Central Bank governing...

  • ROME, July 5- Italy's bank shares plunged on Tuesday, shaking the financial foundations of the euro zone's third-largest economy and threatening contagion to other EU nations. The crisis could push Italy back into recession and, in a doomsday scenario, generate a Greek-type meltdown that Europe would find almost impossible to contain. "Italy faces a severe...

  • ROME, July 5- Italy's bank shares plunged on Tuesday, shaking the financial foundations of the euro zone's third-largest economy and threatening contagion to other EU nations. The crisis could push Italy back into recession and, in a doomsday scenario, generate a Greece- type meltdown that Europe would find almost impossible to contain. "Italy faces a severe...

  • FRANKFURT- European Central Bank board member Sabine Lautenschlaeger speaks at the Eighth ECB Statistics Conference- "Central Bank Statistics: moving beyond the aggregates"- 1700 GMT. FRANKFURT- European Central Bank board member Yves Mersch speaks on the occasion of the unveiling of the new 50- euro banknote at the European Central Bank- 1205 GMT.

  • Greece imposed capital controls a year ago to stem a flight of deposits from Greeks spooked at the ramifications of a financial crisis that almost cost the country its position in the euro zone. Greece held out negotiating its third international bailout in a tense standoff with creditors last year, which included Athens calling a referendum on further...

  • MILAN, July 1- Employers' lobby Confindustria on Friday slashed its forecasts for Italian economic growth this year and in 2017, saying Britain's vote to leave the European Union would weigh heavily on activity next year. Confindustria, which supports the government of Prime Minister Matteo Renzi, warned Italy would be thrown into recession if a national...

  • TUESDAY, JUNE 28 SINTRA, Portugal- European Central Bank President Mario Draghi speaks at an European Central Bank Forum on Central Banking "The future of the international monetary and financial architecture"- 0800 GMT. SINTRA, Portugal- European Central Bank board member Benoit Coeure participates in a session "Macroeconomic and monetary challenges" at ECB...

  • TUESDAY, JUNE 28 SINTRA, Portugal- European Central Bank President Mario Draghi speaks at an European Central Bank Forum on Central Banking "The future of the international monetary and financial architecture"- 0800 GMT. SINTRA, Portugal- European Central Bank board member Benoit Coeure participates in a session "Macroeconomic and monetary challenges" at ECB...

  • DUBLIN, June 24- There is nothing catastrophic on the horizon for Irish fiscal policy as a result of Britain's vote to leave the European Union, but the hit to economic growth could limit budgets beyond next year, Finance Minister Michael Noonan said on Friday. "What I'm confident about is that we can plan the next budget and the one after with minimal effect and then...

  • DUBLIN, June 24- Ireland is bracing itself for damaging economic and political fallout from the decision by Britain, its nearest neighbour and largest trade partner, to vote to leave the European Union. Ireland has the EU's fastest-growing economy but also more to lose than any other member state from a' Brexit' with far-reaching implications for its trade,...

  • DUBLIN, June 24- Ireland is bracing itself for damaging economic and political fallout from the decision by Britain, its nearest neighbour and largest trade partner, to vote to leave the European Union. Ireland has the EU's fastest-growing economy but also more to lose than any other member state from a' Brexit' with far-reaching implications for its trade,...

  • DUBLIN, June 24- Ireland is bracing itself for damaging economic and political fallout from the decision by Britain, its nearest neighbor and largest trade partner, to vote to leave the European Union. Ireland has the EU's fastest-growing economy but also more to lose than any other member state from a' Brexit' with far-reaching implications for its trade,...

  • DUBLIN, June 24- Ireland is bracing itself for damaging economic and political fallout from the decision by Britain, its nearest neighbor and largest trade partner, to vote to leave the European Union. Ireland has the EU's fastest-growing economy but also more to lose than any other member state from a' Brexit' with far-reaching implications for its trade,...

  • ROME- European Central Bank board member Ignazio Angeloni participates in a panel at XXVIII Villa Mondragone International Economic Seminar organised by the University of Rome Tor Vergata Economics Foundation- 0900 GMT. STOCKHOLM- Sweden's finance ministry, Sweden's central bank, Debt Office and Financial Supervisory Authority meet to discuss the...

  • THURSDAY, JUNE 23 NEW YORK- Federal Reserve Bank of Dallas President Rob Kaplan speaks on "Economic Conditions and the Role of Monetary Policy" at the Money Marketeers of New York University event- 2300 GMT. PARIS- European Central Bank board member Yves Mersch speaks at the European chief economists meeting organized by Natixis- 1100 GMT FRANKFURT- European...

  • THURSDAY, JUNE 23 NEW YORK- Federal Reserve Bank of Dallas President Rob Kaplan speaks on "Economic Conditions and the Role of Monetary Policy" at the Money Marketeers of New York University event- 2300 GMT. PARIS- European Central Bank board member Yves Mersch speaks at the European chief economists meeting organised by Natixis- 1100 GMT FRANKFURT- European...

  • FRANKFURT, June 22- The European Central Bank reinstated Greek banks' access to its cheap funding operations on Wednesday after more than a year on an emergency lifeline and said it would examine later whether to add Greek debt to its asset purchases. The restoration is a big step towards normalising an economy that is still in recession, weighed down by capital...

  • WEDNESDAY, JUNE 22 WASHINGTON- Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee at its "Monetary Policy and the State of the Economy" hearing- 1400 GMT. FRANKFURT- European Central Bank Governing Council meeting. THURSDAY, JUNE 23 NEW YORK- Federal Reserve Bank of Dallas President Rob Kaplan speaks on "Economic...