Greece to be warned on euro data
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The European Commission is to warn Greece about publishing false information about its public finances.
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The euro threatened a fresh record high  against the dollar on Wednesday as traders turned their  attention back to weakness in the U.S. currency, helping to  drag the euro close to an all-time peak versus the yen.
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BRUSSELS, Belgium -- The European Union&#39;s executive commission said Wednesday it would open legal proceedings against Greece for its sloppy bookkeeping and underreporting its budget deficit by billions of euros between 1997 and 2003.
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Government official warns of the danger of falling behind other countries in broadband speeds.
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The euro yesterday reached a new record high against the dollar, renewing fears that the faltering economic recovery in mainland Europe will be choked off next year.
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Secret subpoenas threaten stability - EC Exclusive The European Commission is set to call for an immediate halt on the illegal transfer of financial information to the United States Treasury.â¦
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Europe's Parliament is to look at how data on air passengers and citizens' bank details is being sent to the US.
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Greece's agency for information security on Thursday imposed a EU76m (&pound;51.2m, $100.5m) fine on Vodafone's Greek operation for failing to prevent the illegal tapping of more than 100 mobile phones, including one used by Costas Karamanlis, prime minister.
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.
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Germany risks violating the EU&#39;s tight budget rules again next year, the Bundesbank warned on Monday. The three-percent-mark of the gross domestic product (GDP) willprobably
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LONDON : The euro approached its record high against the dollar as markets waited nervously for data on US capital flows, amid concerns about how the United States will fund its huge trade deficit.
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The European Commission is set to give  Germany a final warning next week over the country's new law  banning online gaming and betting, sources with knowledge of  the decision said on Thursday.
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Squeezed by a swelling public deficit and debt following last month's costly Athens Olympics, the Greek government said it would cut defence spending and boost revenue by 1.5 billion euros (1.84 billion dollars) in privatisation receipts.
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The move signaled that the European Central Bank sees the euro's strength against the dollar as a more imminent threat to Europe's sluggish economy than inflation.
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The European commission threatened yesterday to suspend development funds to Greece in response to Athens&#39;s admission that it had disguised the extent of the country&#39;s debts in order to join the euro.
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The Financial Services Authority warns that any plan to base the London Stock Exchange outside the UK could affect market regulation.
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BRUSSELS: The European Central Bank and euro zone finance ministers have issued their starkest warning to date that they are unhappy with the euro&#39;s surge and said they were closely monitoring exchange rate swings.