RBS and Barclays were amongst those named by the European Commission in an agreed settlement with international financial institutions over their involvement in illegal cartels in the financial derivatives markets which saw eight of the institutions fined a total of €1,712,468,000. Barclays received full immunity for revealing the existence of the cartel and in so doing avoided a fine of around €690 million (£574m).
On 10 February the Vice-President of the European Commission, Vivianne Reding, will attend a Citizens' Dialogue event in Central London. This town-hall style event provides an opportunity to come and have your say about what you want the European Union to be doing for you in the future.
The latest OECD report on the maths, science and reading skills of 15 year olds reveals mixed results for Member States. The EU as a whole is seriously lagging behind in maths, but the picture is more encouraging in science and reading where Europe is on track to achieve its 2020 target for reducing the percentage of low achievers to below 15%. The UK da...
UK media – for example the Daily Mail, Daily Express and the Times – yet again reported that the European Court of Auditors (ECA) has not signed off the EU accounts. Some media -this time including the Daily Telegraph – claim that UK taxpayers will be liable to pay back GBP 800 million. Both statements are simply false.