financial times: Brussels: Cyprus reforms on track but risks remain, IMF warns ...

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Thursday August 01 2013

European Union News

Cyprus reforms on track but risks remain

A lenders' report from the European Commission, European Central Bank and IMF clears the way for the island to receive €1.6bn in aid tranches

IMF warns of €11bn Greek bailout shortfall

Eurozone governments have been told they should fill almost half the gap before the end of the year, and that they may have to accept big losses

EU penalises Faroes in fishing dispute

Economic war came to Europe's high seas as the EU moved to punish the Faroe Islands, its tiny neighbour, for allegedly plundering stocks of herring

Brazil hits out at IMF over Greek bailout

Brasilia's representative to the fund's board has abstained from approving more aid for Athens amid concern over resources going to the eurozone

Eurozone calm masks brewing political storm

The current market calm appears at odds with the political turmoil in peripheral eurozone nations such as Spain, Portugal, Greece and Italy

Standard Life warns over UK leaving EU

A UK exit 'could be a very, very substantial blow to London, which remains at the heart of European and global capital markets,' says Keith Skeoch

Goldman bets on eurozone recovery

US investment house has significantly increased its exposure to European equities in anticipation of an end to the recession in the region

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