Tag: euros

• Saturday, September 14th 2019 - 21:58 UTC

  Google settles tax dispute with France paying almost one billion Euros

  

  US internet giant Google has agreed a settlement totaling €945 million (US$1 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a €500 million fine for tax evasion, as well as a further €465 million to settle claims with French tax authorities.

• Thursday, May 5th 2016 - 12:27 UTC

  ECB will stop printing €500 notes in 2018 to help combat money launderers and criminals

  

  The European Central Bank has announced it will stop printing €500 notes in 2018. It says the move is to stop the notes being used by money launderers and criminals. In effect they are easily transportable. A million Euros in €500 notes weighs 2.2 kilograms and can be carried in a laptop bag.

• Wednesday, February 29th 2012 - 14:51 UTC

  ECB massive cheap funds influx hoping to ease credit and government borrowing

  

  Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further.

• Tuesday, May 25th 2010 - 00:57 UTC

  IMF bluntly tells Spain austerity and reform measures are not enough

  

  The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.