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SignalBlog (Free subscription) | yesterday
Fiat SpA has maintained its market share in Europe in April, said CEO Sergio Marchionne, without giving further details. In March this year, Fiat's European market share was 7.3 percent, including 7.4 percent in Western Europe. In April 2007, Fiat had an 8.2 percent Europe share, including 8.5 in western Europe. ‘We have succeeded in maintaining our [ Read more... ]
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The Earth Times Online Newspaper (Free subscription) | yesterday
... a single seat in international fora," he added. Almunia's ambitions are backed by Jean-Claude Juncker, the influential chairman of the 15-member Eurogroup. "In the long term, the eurozone will be represented in the IMF by one single seat," he said in his address to the forum participants, which include the finance ministers of France, the Netherlands and Spain as well as the president of...
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The Economist (Free subscription) | yesterday
A Luxembourg master class JEAN-CLAUDE Juncker, the prime minister of tiny Luxembourg, and a pin-up boy among Brussels federalists, is credited with one of the better aphorisms about how hard it is to push reforms through in Europe. We all know what we need to do, Mr Juncker is supposed to have said of EU leaders. We just don't know how to get re-elected afterwards.Happily for Mr Juncker,...
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Euractive (Free subscription) | yesterday
... which have no relationship to their performance," said Luxembourg's Prime Minister Jean Claude Juncker, who chaired the ministerial meeting. He said that the group agreed to "continue to look at ways to fight these excesses through taxes and other ethical approaches". The Commission first began looking into excessive executive pay packages four years ago, but only a few countries have taken...
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International Herald Tribune (Free subscription) | 05/14/2008
... be done in terms of professional ethics and taxation to combat these excesses," said Jean-Claude Juncker, the Eurogroup chairman.Juncker, who is prime minister and finance minister of Luxembourg, said that euro zone nations would be asked to notify the European Commission "about what they are doing to combat this social scourge".Related Articles"With respect to golden handshakes,...
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Financial Time (Free subscription) | 05/14/2008
... was not very impressive,” said Mr Almunia.Some of the strongest language came from Jean-Claude Juncker, Luxembourg’s prime minister, who chairs the 15-strong group of eurozone finance ministers and who is regarded as a frontrunner to be the EU's first full-time president.“We believe the excesses of captains of industry that we have seen in several countries are really quite scandalous ....
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The Earth Times Online Newspaper (Free subscription) | 05/14/2008
... that are paid out to some of the continent's top managers. Luxembourg Prime Minister Jean-Claude Juncker, who chairs the regular euroarea meetings, said ministers were asked to consider changes to their tax systems in order to limit what he called a "social scourge". One solution being voiced was to stop making such handsome payouts tax deductible. "We are aware of the huge gap between our...
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$$$ FINANCIAL LIVE! GURU $$$ (Free subscription) | 05/14/2008
... of a recession in Europe," said the group's spokesman, Luxembourg Finance Minister Jean-Claude Juncker. "But we remain on guard as far as inflation is concerned." The ECB has kept its key interest rate at 4 percent, resisting lowering the central lending rate, as the U.S. Federal Reserve and the Bank of England have done to boost consumer confidence and growth. Interest rate cuts stimulate...
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Independent.ie - European RSS Feed (Free subscription) | 05/14/2008
... are pointing in a better direction than those we have observed before,'' Luxembourg's Jean-Claude Juncker told reporters in Brussels late yesterday after leading a meeting of euro-area counterparts. Lagarde said an exchange rate of $1.55 ``is still at 10 percent, 15 percent, 20 percent above the appropriate fundamentals.'' The euro has fallen 3.8 percent since reaching a record $1.6019 on...
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The Earth Times Online Newspaper (Free subscription) | 05/14/2008
... of ordinary citizens are struggling to make ends meet. Luxembourg Prime Minister Jean-Claude Juncker, who chairs the regular euro-area meetings, said ministers were considering changes to the tax system in order to limit what he called a "social scourge."Ministers also vowed to look at ways of fighting inflation, which hit 3.3 per cent in April on the back of rising food and oil prices and...
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France24 (Free subscription) | 05/14/2008
Eurozone finance ministers are considering ways of discouraging "scandalous" excesses in executive pay, including by closing loopholes for golden hand-shakes, Eurogroup chairman Jean-Claude Juncker said Tuesday."We believe that the excesses of captains of industries' (pay packages) that we have seen in several countries ... are really quite scandalous and we are continuing to examine what can...
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SignalBlog (Free subscription) | 05/14/2008
... a risk to economic growth as well as inflation. Meanwhile, Luxembourg Finance Minister Jean-Claude Juncker said the economic fundamentals for the euro zone remained solid despite continuing inflation concerns, and that the euro zone would avoid a recession. Nevertheless, prices should not come down for some time, with HICP expected at 2.2% by the end of 2009 and GDP for 2008 at around 1.7%....
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The Earth Times Online Newspaper (Free subscription) | 05/13/2008
... on the international commodity markets. His concerns about inflation were shared by Jean-Claude Juncker, Luxembourg's prime minister and chairman of the Eurogroup's regular meetings. "Inflation is a major concern," Juncker said, adding that rising oil and food prices were largely to blame.
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SignalBlog (Free subscription) | 05/13/2008
... to See Moderation EU's Almunia Concerned About Inflation, Hoping to See Moderation Eurogroup’s Juncker says financial markets understand G7 message better UPDATE ECB Will Act to Prevent Second-Round Inflation Effects, Says Bank of Spain Fed's Evans Says Monetary Policy is Aptly Accommodative for GDP Improvement ECB news conference - At-a-glance guide to the main points EU's Almunia calls...
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SignalBlog (Free subscription) | 05/13/2008
Inflation is a major concern for Europe, Luxembourg Prime Minister Jean-Claude Juncker said to reporters in Brussels on Tuesday, adding that it was important to avoid second-round inflation effects. Furthermore, Juncker, also the Finance Minister of Luxembourg, stated that financial markets had understood the G7’s message regarding FX movements. “I said two weeks ago that I thought [...
