Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Global Downturn Puts Investors, Companies in Retreat
Jun 5 2012 // Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place...
Europe, U.S. Agree on Streamlining Air Cargo Safety
Jun 1 2012 // The European Commission and the U.S. Transport Security Administration have agreed to recognize each other’s air cargo security regimes, a move that will cut costs for carriers, an EU executive said on...
Top Trade Credit Insurer Pulls Cover for Exports to Greece
May 31 2012 // The world’s biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk of them not being paid in the event the debt-laden nation is forced out of the...
EU Proposes Cross-Border Bank Rescues
May 30 2012 // European Union countries could be obliged to bail out one another’s struggling banks, according to a draft EU law that marks a big step towards greater EU financial integration likely to upset some members,...
How Relevant Is Insurance? Asks XL CEO McGavick
May 29 2012 // XL Group CEO Mike McGavick asked a provocative question in a keynote speech at the European Insurance Forum in Dublin last week. How relevant is the insurance industry in today’s globalized world? “The...
Why ‘Project Bonds’ Are a Good Idea: Wynn
May 25 2012 // European Union backing for extra infrastructure finance may sound like a deliberate distraction from deadlock over much bigger euro bonds, but in fact it is a great idea – the trouble is the tiny sums involved and...
AIA Calls for More International Market Access for U.S. Insurers
May 23 2012 // The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products...
Senate Passes Tougher Iran Sanctions
May 22 2012 // The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran’s oil sector just days ahead of a meeting in Baghdad between major world powers and Tehran. The sanctions add to a raft of...
EU Trade Credit Insurers Considering Restrictions on Greek Coverage
May 22 2012 // Euler Hermes, the world’s No. 1 trade credit insurer, said it might restrict the cover it provides to exporters doing business with Greece, citing fears the debt-laden nation could be forced out of the...
OECD Sees Euro Zone Crisis Threatening Global Economic Recovery
May 22 2012 // The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. In its...
Tackling Euro Zone Crisis is Top Priority for G8 Leaders
May 18 2012 // Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common...
PERILS Q1 Report on European Windstorms Shows ‘Very Active Season’
May 17 2012 // PERILS, the Swiss-based insurance data provider, reports that “in contrast to an unusually quiet European windstorm season in 2010/11, the 2011/12 season was very active.” PERILS said it had “investigated...
SaveOurSeafarers Organization Lauds EU Air Strike on Somali Pirate Bases
May 17 2012 // SaveOurSeafarers, the organization that supports anti-piracy measures and aids the crews who are taken by pirates, has expressed its approval of the air strikes carried out by the naval forces of the European Union on...
Data Shows Iran Petro-Chemical Exports Plunge Due to EU Insurance Sanctions
May 17 2012 // Iranian petrochemical exports have plunged nearly 90 percent in the last two weeks as most maritime firms, including those in Iran, cannot find insurance to transport the cargo due to EU sanctions, according to traders and...
EU Naval Forces Carry Out First Strikes on Somali Pirate Bases
May 16 2012 // The European Union’s naval force off the Somali coastline on Tuesday carried out its first air strikes against pirate targets on shore, officials said. Maritime aircraft and attack helicopters took part in the...
Maybe Europe Should Abandon the Euro Says Canada’s Finance Minister
May 15 2012 // If European countries are not prepared to bail out fellow euro zone members, maybe they should just abandon the whole concept of a common currency, Canadian Finance Minister Jim Flaherty said on Monday in some of his most...
European Commission Approves ING Restructuring; Opens New Probe
May 14 2012 // The European Commission on Friday approved a restructuring plan for Dutch bank and insurer ING made during the financial crisis as compatible with the European Union’s internal market, but also opened an...
Refueling by EU Shippers May Violate Iran Sanctions
May 11 2012 // European ship owners could violate impending EU sanctions against Iran without even knowing it every time they set sail, leaving them vulnerable to being blacklisted, the managing director of leading industry group...
UK Seeking Delay to EU’s Iran Ship Insurance Ban
May 9 2012 // The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices,...
UK’s FSA Fines Mitsui Sumitomo Insurance (Europe) $5.4 Million; Bans Exec
May 9 2012 // The UK’s Financial Services Authority (FSA) announced that it has fined Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEu) £3.345 million [$5.4 million] “for serious corporate governance failings, and...
