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'Once we start formal and official negotiations, these can be conducted and hopefully terminated in a relatively short period of time,' he said after meeting his Czech counterpart, Karel Schwarzenberg. Separately, sources in Brussels said the European...
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Treasury minister "We have not seen enough progress at reducing the level of errors in EU transactions, which is unacceptable." The government had imposed a two-year freeze on Whitehall pay over £21,000, with an average 1% rise after that, but similar...
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“At the same time, it is very important to question the content and schedule of the package being imposed on Greece by the Troika [the International Monetary Fund, European Commission and European Central Bank]. It stresses clumsy across the board cuts...
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In theory, with this experience behind them, and the fact that the Decade and the EU Framework priorities are identical, these five countries were best placed among Member States to meet all the European Commission’s requests contained within the April...
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Officials were mindful of a recent report by International Monetary Fund, European Commission and the European Central Bank that gave a gloomy assessment of the rescue plan and predicted a strong likelihood that Greece would not be able to avoid future...
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The statement also invites the European Commission "to significantly strengthen its Task Force for Greece...in order to bolster its capacity to provide and coordinate technical assistance". "Greece will find it difficult to shoulder even the reduced...
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The companies also claim that China and other countries won’t follow suit, thus winning contracts over their Western competition. The rules are being drawn up, separately, by the US Securities and Exchange Commission and the European Commission. (The...
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...from reality".In a sign of increased ministerial exasperation over European finances, Ms Smith told MPs Chancellor George Osborne had taken the "unprecedented" step of voting against discharging the EU's 2010 budget.MPs agreed without a vote to endorse the...
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The deal "closes the door to an uncontrolled default that would be chaos for Greece and Greek people," said European Commission President Jose Manuel Barroso. But despite those unprecedented efforts, it was clear that Greece was at the very best...
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Lombard club Since 2002, the EU has waived fines for the first company to come clean in a price-fixing cartel. The maximum fine for members of a cartel under European rules is 10 percent of sales. European regulators have fined banks before: the...
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On top of the new rescue loans, Athens will also ask banks and other investment funds to forgive it some euro107 billion ($142 billion) in debt, while the European Central Bank and national central banks in the eurozone will forgo profits on their...
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I’m happy to say that Reuters was the first organization to get its hands on this analysis. At 4:21 EST, we ran our exclusive story, by Jan Strupczewski in Brussels, with the headline that Greek debt would still be 160% of GDP in the European...
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Asked whether the UK would be liable for a share of the new package through its contributions to the IMF, Mr Cameron's official spokesman said: "We have not agreed to anything. "This was a eurozone agreement and there is no proposal on the table for...
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The tax reforms join France and Germany, ahead of similar proposals from the European Commission for a single "aligned" business tax rate known as the Common Consolidated Corporate Tax Base (CCCTB) for all of Europe. But last year the EC struggled to...
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(AP) — The European Union and Somalia have urged the international community — particularly Arab and Islamic nations — to help re-establish security in the African nation after two decades of conflict. European Commission President Jose Manuel Barroso...
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But what would that benchmark be? Interestingly enough, there really isn’t one. In fact, the parties to a lot of recent litigation, between individual companies (like Broadcom and Qualcomm) and between regulators and companies (like the European...
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And with EMIR, the requirement for clearing and reporting of OTC derivatives, as well as setting out operational requirements for central counterparties (CCPs) also promises to drastically alter the European regulatory community. Last October, the...
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Brussels, 21 February 2012 - Today, the President of the European Commission, Jose Manuel Barroso, announced that the EU stands ready to provide additional support to the African Union Mission in Somalia (AMISOM), following a meeting with the Prime...
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Monti’s move has taken the Vatican by surprise as it had been discussing the issue for several months with the Italian government. The Prime Minister did not inform the Vatican directly, although he told the European Commission about it before posting...
About European Commission
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The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union. Full Article
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Somalia's Prime Minister Mohamed Ali Abdiweli is received by European Commission President Jose Manuel Barroso at the Commision's Headquarters in Brussels February 21, 2012.
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A carnival reveller poses in front of a float depicting European Commission President Jose Manuel Barroso (L) giving water to Portuguese Prime Minister Passos Coelho (R), alongside Foreign Minister Paulo Portas and IMF delegation chief Paul Thomson (back), at the Torres Vedras parade...
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Reuters Pictures
A man takes a photo of a carnival float depicting European Commission President Jose Manuel Barroso (L) giving water to Portuguese Prime Minister Passos Coelho (R), alongside Foreign Minister Paulo Portas and IMF delegation chief Paul Thomson (back), at the Torres Vedras parade...
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Dummies representing Portugal's Prime Minister Pedro Passos Coelho, Portugal's Foreign Minister Paulo Portas, European Commission President Jose Manuel Durao Barroso, and deputy director of the International Monetary Fund European department Poul Thomson are seen during the carnival...
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Somali's Prime Minister Abdiweli Mohamed Ali give a joint press conference with the European Commission President following their working session on February 21, 2012 at the EU Headquarters in Brussels.
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Somalia's Prime Minister Mohamed Ali Abdiweli attends a news conference after meeting with European Commission President Jose Manuel Barroso at the Commision's Headquarters in Brussels February 21, 2012.
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Somalia's Prime Minister Mohamed Ali Abdiweli (L) shakes hands with European Commission President Jose Manuel Barroso before their meeting at the Commision's Headquarters in Brussels February 21, 2012.
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Hossein Samiei, representative of the International Monetary Fund, left, Rasmus Ruffer, of the European Central Bank, second left, and Juergen Kroeger, representative of the European Commission meet with Maria da Assuncao Esteves, right, President of the Portuguese Parliament Tuesday,...
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Hossein Samiei, representative of the International Monetary Fund, Rasmus Ruffer, of the European Central Bank, and Juergen Kroeger, representative of the European Commission, are received by the President of the Portuguese Parliament, unseen, Tuesday, Feb. 21, 2012, at the parliament...
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Chinese Vice-Premier Li Keqiang speaks to European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, not pictured, during a meeting at the Great Hall of the People in Beijing, China Wednesday, Feb. 15, 2012.
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European Commission President Jose Manuel Barroso, center left, and European Council President Herman Van Rompuy, center right, talk while waiting in a corridor for their meeting with Chinese Vice Premier Li Keqiang at the Great Hall of the People the in Beijing, China Wednesday, Feb. 15,...
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European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy wait in a corridor for their meeting with Chinese Vice Premier Li Keqiang at the Great Hall of the People the in Beijing, China Wednesday, Feb. 15, 2012.
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Chinese Vice-Premier Li Keqiang, right, holds talks with European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy at the Great Hall of the People in Beijing, China Wednesday, Feb. 15, 2012.
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Chinese Vice Premier Li Keqiang speaks to European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy (not pictured) at the Great Hall of the People in Beijing on February 15, 2012. EU leaders met with Chinese President Hu Jintao on the second day...
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BEIJING, CHINA - FEBRUARY 15: European Commission President Jose Manuel Barroso (centre L) and European Council President Herman Van Rompuy wait in a corridor for their meeting with Chinese Vice-Premier Li Keqiang (not pictured) at the Great Hall of the People, during the European...
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BEIJING, CHINA - FEBRUARY 15: Chinese Vice-Premier Li Keqiang (R) shakes hands with European Commission President Jose Manuel Barroso (L) as European Council President Herman Van Rompuy (C) looks on at the Great Hall of the People, during the European Union (EU)-China summit on...
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Chinese Vice Premier Li Keqiang, center, European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy shake hands during their meeting at the Great Hall of the People in Beijing, China Wednesday, Feb. 15, 2012.
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Chinese Vice-Premier Li Keqiang (R) shakes hands with European Commission President Jose Manuel Barroso (L) and while European Council President Herman Van Rompuy (C) looks on during their meeting at the Great Hall of the People the in Beijing on February 15, 2012. EU leaders met with...
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Chinese President Hu Jintao (3rd R) takes part in talks with European Commission President Jose Manuel Barroso (2nd L) and European Council President Herman Van Rompuy (3rd L) for the European Union (EU)-China summit at the Great Hall of the People in Beijing on February 15, 2012. EU...
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Chinese President Hu Jintao (2nd L) shakes hands with European Commission President Jose Manuel Barroso (L) while European Council President Herman Van Rompuy (2nd R) is being ushered into position by a Chinese official at the Great Hall of the People in Beijing on February 15, 2012. EU...
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European Commission President Jose Manuel Barroso, second from left, and European Council President Herman Van Rompuy, third from left, participate in talks with Chinese President Hu Jintao, not pictured, during their meeting at the Great Hall of the People in Beijing, China Wednesday,...
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Chinese President Hu Jintao, center, participates in talks with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, not pictured, at the Great Hall of the People in Beijing, China Wednesday, Feb. 15, 2012.
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BEIJING, CHINA - FEBRUARY 15: European Commission President Jose Manuel Barroso (L), European Council President Herman Van Rompuy (C) and Chinese Premier Wen Jiabao pose for photos at the Great Hall of the People, during the European Union (EU)-China summit on February 15, 2012 in...
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BEIJING, CHINA - FEBRUARY 15: European Commission President Jose Manuel Barroso (2nd L) and European Council President Herman Van Rompuy (3rd L) hold talks with Chinese President Hu Jintao (not pictured)at the Great Hall of the People, during the European Union (EU)-China summit on...
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Chinese President Hu Jintao (C) gestures to European Council President Herman Van Rompuy (R) and European Commission President Jose Manuel Barroso (L) during their meeting at the Great Hall of the People in Beijing on February 15, 2012. EU leaders met with Chinese President Hu Jintao on...
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Reuters Pictures
Somalia's Prime Minister Mohamed Ali Abdiweli is received by European Commission President Jose Manuel Barroso at the Commision's Headquarters in Brussels February 21, 2012.
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