Paris / AFP A decision by PSA Peugeot Citroen to double its chairman’s salary to five million euros has sparked angry debate in France, with Finance Minister Michel Sapin on Tuesday qualifying the raise as “harmful”. Carlos Tavares, the chairman of Europe’s second biggest carmaker, earned €5.24 million ($5.8 million) in 2015, up from 2.75 million in 2014, company documents ...

Bloomberg You know you have an issue with tax collection when the person tasked with boosting it is fired for fraud. But where some see a problem, others spot opportunity, and governments in eastern Europe have identified unpaid taxes as a means of swelling their coffers. Romania, whose tax chief was dispatched last month over alleged misallocation of European Union ...

Frankfurt / Reuters As the European Central Bank moves into an unfamiliar world of negative interest rates and incentives to encourage banks to make loans to businesses and consumers, a north-south divide is opening up between euro zone lenders. In the north, anaemic demand for loans and a financial system already flush with cash mean banks see mostly costs. They ...