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Custom issues on flights via Europe

Custom issues on flights via Europe

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EU’s Rehn warns Italy on instability, housing tax

EU’s Rehn warns Italy on instability, housing tax

ROME (Reuters) – The European Union’s top economic official told Italy’s parliament its fragile economy cannot afford political instability and criticized recent decisions on taxation. “Particularly in Italy, where the economy is weak, political uncertainty is a brake on investments,” EU Economic and Monetary Affairs Commissioner Olli Rehn said in…

Cyprus MPs pass banking reforms

Cyprus MPs pass banking reforms

MPs in Cyprus have voted to restructure the island’s banks – one of several measures to ease a financial crisis, which has hit eurozone confidence. They have also approved a “national solidarity fund” and capital controls to prevent a bank run. Cyprus needs to raise 5.8bn euros (£4.9bn; $7.5bn) to…