The Party of the European Left (PEL) (also commonly abbreviated European Left), is a political party at the European level and an association of democratic socialist, socialist and communist political parties in the European Union and other European countries. It was formed in January 2004 for the purposes of running in the 2004 European Parliament elections. PEL was founded on 8–9 May 2004 in Rome. Elected MEPs from member parties of the European Left sit in the European United Left–Nordic Green Left (GUE/NGL) group in the European parliament.
Its first congress took place on 8 October 2005, in Athens, which produced the Athens Declaration of the European Left. The second congress was held 23–25 November 2007 in Prague. The third congress was held on 2–5 ...
Commission fines banks €485 million for derivatives cartel The European Commission fined JP Morgan (€337 million), Crédit Agricole (€114 million) and HSBC (€33 million) on Wednesday (7 December) for participating in a cartel in euro interest rate derivatives initially unveiled in December 2013.