Yields on the eurozone's lower rated debt fell on Friday as the European Central Bank's rate cuts and openness to a large scale bond buying programme pushed investors towards riskier assets in their quest to maximise returns.
Investment by insurance companies in Europe grew by 3.2% in 2013. However, the sector fears that long-term investments may be adversely affected when tighter prudential regulations come into force in 2016.
National leaders have turned down European Commission calls for a coordinated EU cyber-security strategy, leading to a “regulatory gap” and a “clear and present danger” of cyber attacks, a high EU official told EurActiv in an interview.
Jean-Claude Juncker’s new European Commission will have a vice-president in charge of digital and innovation, and a new commissioner post taking responsibility for internet and culture, according to leaked documents obtained by EurActiv .
NATO demanded yesterday (4 September) that Moscow withdraw its troops from Ukraine, as US President Barack Obama and his Western allies vowed to support Kyiv and buttress their own defences against Russia in the biggest strategic shift since the Cold War.