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IMF: Ireland Approaching Best Practice in Fiscal Reporting & Forecasting
The IMF published on July 16th a Fiscal Transparency Assessment (FTA) report for Ireland, which was carried out at the request of the Irish Government by a Fiscal Affairs Department team that visited Dublin in March 2013. This report constitutes
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The Swiss Banks: Handing Over Data
The tax row with the United States is raising a feeling of uncertainty among cantonal banks, as well as adding a greater administrative burden, even for banks that are not directly concerned, a swissinfo.ch survey of all 24 institutions has
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Aid for Trade: Supporting the World’s Poorest
The Heads of Agency of the Enhanced Integrated Framework (EIF) – Aid for Trade in action for Least Developed Countries (LDCs) – met in Geneva on 8 July during the Fourth Global Review of Aid for Trade. The Heads of
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CBI Urges Banks to Think of Customers First
The CBI commented on the Government’s formal response to the recent report from the Commission on Banking Standards. Matthew Fell, CBI Director for Competitive Markets, said: “Britain needs a healthy and sustainable banking system to help drive our economy, so
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Italy: IMF Mission Statement
An IMF team visited Italy from June 24 to July 4, 2013, for the annual evaluation of the economy as part of the regular consultations under Article IV of the IMF’s Articles of Agreement. This statement describes the preliminary findings:
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CBI on Europe: Half-Way Houses Won’t Work for the UK
The CBI is calling for the debate on Europe to focus on credible options for the UK’s future relationship with the EU, warning that half-way house models such as Norway and Switzerland are not the answer. Ahead of a key
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EU Welcomes Croatia
On Monday 1 July Croatia became the 28th Member State of the European Union. The EU commented that, ‘Croatia’s accession marks another milestone in the construction of a united Europe. It also provides fresh evidence of the transformative power of
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EU Budget Agreed
Following their meeting on Thursday 27th June at the Commission headquarters, President Barroso, President Schulz and Irish Taoiseach Kenny announced a political agreement on the European Union’s future budget 2014-2020. President Barroso underlined that this was possible because all sides
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CBI Says ‘Get Major Projects Moving to Protect the Recovery’
Ahead of the Wednesday June 26th spending round, the Confederation of British Industry reiterated its call for the Chancellor to take urgent steps to bridge the infrastructure investment gap and make the big decisions to protect growth and get a
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WTO’s Lamy: The Deeper European Crisis
Extracts from a speech by World Trade Organisation Director-General Pascal Lamy (The 2013 Brussels Economic Forum Third Tommaso Padoa-Schioppa Lecture on 19 June 2013). The word “crisis” is not new in the European vocabulary. In fact, history has taught us
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