Greece To Close Banks, Impose Capital Controls Amid Looming Default
Greek officials announced that they would close banks until July 6 in efforts to stanch a run on the euro.
European Union
Greece Slouches Toward Default As Germany Rules Out Further Debt Talks
Germany says that there will be no more negotiations after the Greek premier called for a nationwide referendum on a bailout plan. Meanwhile, fearful Greeks are withdrawing their euros.
Greece Pledges New Proposal To Resolve Debt Crisis
The European Central Bank gave Greece an emergency loan of more than $2 billion on Friday to stave off collapse, but a June 30 deadline looms for payment on the next installment of an IMF loan.
EU Launches Antitrust Probe Of Amazon's E-Book Business
The European Union's executive arm announced Thursday that it will investigate the e-tailing giant's contracts with publishers. At issue are a few key clauses that might give Amazon an unfair edge.
As G-7 Begins, Greek Bailout Tops Agenda — And Isolation Fears Grip Greece
The leftist party that swept Greek elections earlier this year promised to save Greece from the clutches of austerity. But Greece and the European Union remained deadlocked over a new credit deal.
Email Slip Reportedly Reveals United Kingdom Plan For Possible EU Exit
In the communication that The Guardian says it received accidentally from the Bank of England, officials outlined details of the plan known as "Operation Bookend."
A Foot In Africa, A Foot In Europe: Divide Grows Wider In Ceuta
The Spanish city is physically part of Africa. About half of its people are more prosperous Europeans; half are Arabic-speaking Muslims disproportionately living in poverty. That disparity is growing.
Google Announces Partnership With Newspapers In Europe
Last December, Google shut down its Google News page in Spain, after the country threatened steep fines for aggregator sites that don't pay newspapers.
EU Leaders Pledge More Ships To Patrol Mediterranean For Migrants
Days after 900 were feared drowned in a single accident, the European Union is struggling to forge a new policy to combat the flow of people setting off mostly from Libya in overcrowded boats.
EU Charges Google With Antitrust Violations, Will Also Look At Android
Saying that Google abused its grip on the online search market by "systematically favoring" its own shopping services at the expense of others, a European panel releases a list of antitrust charges.