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Van Rompuy is likely to be reappointed president of the European Council at a European Union summit next week, an EU official has said. A former Belgian prime minister, the 64-year-old was virtually unknown on the world stage when he was appointed as...
Germany could cause the deal to unravel if it continues to oppose the euro zone creating a €750 billion ($A930 billion)fund to act as a firewall against spreading of financial woes. At a G20 summit of finance ministers in Mexico that starts on...
Germany could cause the deal to unravel if it continues to oppose the euro zone creating a €750 billion ($A930 billion)fund to act as a firewall against spreading of financial woes. At a G20 summit of finance ministers in Mexico that starts on...
Economic sanctions on Iran are being felt as the country also faces losing oil exports to an EU boycott from July 1. Photo: AFP AN IRANIAN military official has threatened pre-emptive action against any country that threatens Iran's ''national...
The 17th international conference on Somalia is opening in London on February 23. Hosted by the UN Security Council member state, this high-level meeting is taking on a particular meaning. The London conference on Somalia brings together delegations...
European commission has flexed its new fiscal surveillance muscles by proposing to suspend almost €0.5bn (£421m) in structural aid to Hungary for persistently breaching budget deficit rules. This is the first time the European commission has proposed to...
MOSCOW: Countries opposed to an EU law which forces the world's airlines to pay for their emissions have agreed a basket of retaliatory measures but will leave it up to each country to chose among them, Russia's deputy Transport Minister said on...
And since last July, with the massacre of 77 Norwegians by Anders Behring Breivik, the concept has become Europeanised. Indeed, in the aftermath of the terrible attacks in Norway, the European Union exhorted member states to be wary of ‘lone-wolf...
Athens agreed to cut spending and wages, and to permit outsiders to supervise its finances through the presence of European Union and International Monetary Fund officials permanently stationed in Greece. The rescuers also demanded a separate account...
The mobile operator, in an open letter to the culture minister Ed Vaizey, argued that the proposed moves by the EU will hardly be of any use in lowering the costs for existing data roaming charges in the region. Expressing the company's dissatisfaction...
Europe has 186 nuclear power plants in operation and 19 new plants under construction and there is only one operating uranium mine within the European Union, in the Czech Republic. Clearly, Europe, a region with the world’s largest per capita...
Europe has 186 nuclear power plants in operation and 19 new plants under construction and there is only one operating uranium mine within the European Union, in the Czech Republic. Clearly, Europe, a region with the world’s largest per capita...
Prime Minister Sheikh Hasina on Wednesday proposed that Nobel laureate Muhammad Yunus be made the World Bank President, months after he was eased out as the head of the pioneering micro-lending 'Grameen Bank' following a protracted row with her...
Serbian chief negotiator Borislav Stefanovic said on February 22 that both sides expect the talks to resolve the sensitive issue of how Kosovo should be represented internationally. Also to be discussed will be the question of joint management of...
Hundreds of opposition supporters clashed with Senegalese security forces in the capital on Tuesday as European Union observers criticised a ban on protests and an African envoy jetted in to try and stem rising violence. REUTERS/Joe Penney (SENEGAL -...
The price increase comes on the heels of news that Iran is ceasing oil shipments to Great Britain and France, a perceived pre-emptive move against the European Union, which imposed sanctions on the Middle East's fuel exports. Mike Means, whose family...
Toxicologists have been concerned that up to 54 million animals could be required for extra tests mandated by the European Union's sweeping 2007 chemicals legislation — with most of the increase down to reproductive-toxicity tests that have to be done...
Prime Minister Mariano Rajoy and Economy Minister Luis de Guindos will present the new target, above the current official 4.4 percent estimate, in Brussels within 10 days, the daily reported, citing unnamed government sources. The government has said...
The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe. It was established by the Treaty of Maastricht, which was signed in February 1992 and came into force in November 1993, on the foundations of the pre-existing European Economic Community. With almost 500 million citizens, the EU combined... Full Article
STUTTGART, GERMANY - FEBRUARY 22: Dominik Britsch of Germany attends the press conference at Cinemaxx on February 22, 2012 in Stuttgart, Germany. The European Union Middleweight fight between Robert Santos of Spain and Dominik Britsch of Germany will be held at Porsche-Arena on...
View Photo »STUTTGART, GERMANY - FEBRUARY 21: Dominik Britsch of Germany stretches during the public training at Canstatter Carre on February 21, 2012 in Stuttgart, Germany. The European Union Middleweight fight between Robert Santos of Spain and Dominik Britsch of Germany will be held at...
View Photo »Spain's Economy Minister Luis de Guindos speaks to the media after a parliamentary session in Madrid February 22, 2012. A darkening economic horizon may persuade the EU to give countries such as Spain softer deficit targets but there will be no let-up in the overall austerity drive as...
View Photo »EU commissioner Economic and Monetary Affairs Olli Rehn (R) and EU commissioner for Regional Policy Johannes Hahn (L) give a press conference on February 22, 2012 at the EU Headquarters in Brussels. Brussels is proposing a freeze on 495 million euros ($654.9 million) of EU funds...
View Photo »EU commissioner for Regional Policy Johannes Hahn (L) gives a press conference on February 22, 2012 at the EU Headquarters in Brussels. Brussels is proposing a freeze on 495 million euros ($654.9 million) of EU funds destined for Hungary in 2013, the European Commission said Wednesday,...
View Photo »EU commissioner Economic and Monetary Affairs Olli Rehn arrives for a press conference on February 22 , 2012 at the EU Headquarters in Brussels. Brussels is proposing a freeze on 495 million euros ($654.9 million) of EU funds destined for Hungary in 2013, the European Commission said...
View Photo »A European Union flag is seen in front of the Parthenon temple in Athens February 21, 2012. Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses...
View Photo »(L to R) EU Commissioner for Economic and Monetary Affairs Olli Rehn and EU commissioner for Internal Market and Services France's Michel Barnieran arrive to an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council will try to reach a general approach on...
View Photo »(L to R) EU Commissioner for Economic and Monetary Affairs Olli Rehn and German Finance State Secretary Jorg Asmussen talk prior an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council will try to reach a general approach on the two draft regulations on...
View Photo »ATHENS, GREECE - FEBRUARY 19: Stickers featuring the EU flag are for sale amongst Greek flag stickers in a gift shop on February 19, 2012 in Athens, Greece. Following a meeting yesterday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's...
View Photo »ATHENS, GREECE - FEBRUARY 18: A general view of the Acropolis Museum, which was co-financed by the Greek government and the European Union's Regional Development Fund, on February 18, 2012 in Athens, Greece. In 2004 the Olympics returned to Greece, the birthplace of the ancient and...
View Photo »ATHENS, GREECE - FEBRUARY 18: A woman walks past a derelict building and the Acropolis Museum (R), which was co-financed by the Greek government and the European Union's Regional Development Fund, on February 18, 2012 in Athens, Greece. In 2004 the Olympics returned to Greece, the...
View Photo »King Abdullah II of Jordan meets with Catherine Ashton, the European Union policy chief, at a Dead Sea resort, 34 miles (55 kilometers) southeast of Amman, Jordan, Wednesday, Feb. 22, 2012.
View Photo »European Union election observer Jan Chrostek surveys a voting bureau as a member of the military exits from behind a voting screen to cast his vote for president, in Dakar, Senegal Saturday, Feb. 18, 2012. Members of the military cast their votes for president Saturday, one week ahead...
View Photo »European Union (EU) ambassador to Zimbabwe Aldo Dell'Ariccia addresses a media conference in the capital Harare February 17, 2012. Zimbabwean President Robert Mugabe's ZANU-PF party on Friday criticised the European Union's decision to maintain sanctions against the country's leadership...
View Photo »European Union High Representative Catherine Aston speaks during a press conference with US Secretary of State Hillary Clinton ON February 17, 2012 following a bilateral meeting at the State Department in Washington. Ashton said she is 'cautious and optimistic' about the prospect for...
View Photo »WASHINGTON, DC - FEBRUARY 17: U.S. Secretary of State Hillary Clinton (R) and European Union High Representative Catherine Ashton participate in a joint press availability after a bilateral meeting February 17, 2012 at the State Department in Washington, DC. Ashton, who chairs a...
View Photo »ATHENS, GREECE - FEBRUARY 17: The EU flag files in front of the Parthenon on the Acropolis on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in...
View Photo »EU Commissioner for Development Andris Piebalgs speaks to Reuters during an interview at Chatrium hotel in Yangon February 13, 2012. The European Union should respond fast to changes under way in Myanmar driven by a former military junta leader and "key reformer" committed to democracy...
View Photo »A firefighter stands next to fire-extinguishers at an empty production hall of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. Chinese automaker Great Wall Motor Co Ltd opened on Tuesday its first...
View Photo »Wang Fengying, President of Chinese automaker Great Wall Motor Co Ltd, smiles during a news conference at the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. The automaker opened on Tuesday its first...
View Photo »People look at a line of Great Wall cars parked in front of the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. Chinese automaker Great Wall Motor Co Ltd opened on Tuesday its first plant in the...
View Photo »Wang Fengying, President of Chinese automaker Great Wall Motor Co Ltd, poses for a picture at the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. The automaker opened on Tuesday its first plant in the...
View Photo »Bulgarian Prime Minister Boiko Borisov (C) speaks to workers in the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. Chinese automaker Great Wall Motor Co Ltd opened on Tuesday its first plant in the...
View Photo »Mechanics work on an assembly line in the newly opened car factory of Great Wall Motor Co near the town of Lovech, some 150 km (93 miles) north-east of Sofia February 21, 2012. Chinese automaker Great Wall Motor Co Ltd opened on Tuesday its first plant in the European Union near the...
View Photo »STUTTGART, GERMANY - FEBRUARY 22: Dominik Britsch of Germany attends the press conference at Cinemaxx on February 22, 2012 in Stuttgart, Germany. The European Union Middleweight fight between Robert Santos of Spain and Dominik Britsch of Germany will be held at Porsche-Arena on...
View Photo »I don't know that the Fed is prepared for that, but they already set up the swap line...I think that is probably more of a role for the European Central Bank than for the Fed. Probably not going to happen.
This is another nail in the coffin for genetically modified foods in Europe ... This is a good day for consumers and farmers and opens the door for the European Union to shift Europe to greener and more publicly acceptable farming.
I don't know that the Fed is prepared for that, but they already set up the swap line...I think that is probably more of a role for the European Central Bank than for the Fed. Probably not going to happen.
Of these, Denmark and Lithuania sent representatives to the New Delhi Sherpa Meeting. The four international Organizations are the UN, IAEA, Interpol and the European Union
The question now is not whether we can have calm, free and fair elections, it's whether we can have elections at all
Applying the scenario of sanctions on Iran's oil exports to EU members would be economic suicide for the member countries
The Iraqi authorities have the right to dismantle the camp
The Commission is determined to take any legal steps necessary to ensure that the compatibility with European Union legislation is maintained
the global consolidation of exchanges might very well shift the balance towards countries favoring light-touch regulation, which would severely endanger the European Commission’s agenda ... Approving the proposed combination of Deutsche Boerse and NYSE Euronext would significantly increase the likelihoo...
The power to make a decision in this case lies exclusively with the European Union
We continue to buy oil from Iran. A large number of European Union countries also buy oil from Iran
There is no disagreement with the institutions of the European Union on the importance of basic principles, common European values and achievements
If Arab neighbours compensate for a looming EU ban on Iranian imports, 'we would not consider these actions to be friendly,' Iran's representative to OPEC, Mohammad Ali Khatibi, was quoted as saying by the Sharq newspaper on Sunday.
The European parliament looks forward to working in close cooperation with the new KMT administration and in particular to support a new EU-Taiwan economic cooperation agreement, which will bring prosperity to both sides
First of all, Russia is ahead in terms of almost negligible volume of state debt. On the other hand, even though inflation is at a record low, it is still higher than in the EU. We should also have in mind the fact that Russia owes much of its good economic figures to high oil prices
The delegation will share experiences and interact with officials from the EU member states' institutions that are playing an active role in the EU's economic and monetary union affairs
This fund will be practical because we are using the lessons learnt from the previous loan fund which was administered by the EU and this time around, we are taking a different approach and we are telling the miners to get organised because there is political will to make it work
The ECB is the central point for monetary policy in the euro zone according to the EU treaties and the ECB statutes. It isn't the only economic player however
This is more a reputational blow for the EU that had so prided itself on being a 'AAA' entity than anything with much economic significance. Unless the EU reverses course and shifts the focus to growth and away from its single minded obsession with austerity, the wave of downgrades will continue.
This is more a reputational blow for the EU that had so prided itself on being a 'AAA' entity than anything with much economic significance. Unless the EU reverses course and shifts the focus to growth and away from its single minded obsession with austerity, the wave of downgrades will continue.
I expect this group to make all the recommendations as regards the structure of EU banks it deems necessary to strengthen financial stability and enable banks to fully play their role in favor of the Single Market and European growth
This is a welcome step but while the European Commission does have the power to impose structural changes on EU banks, the proposals will have to overcome strong opposition from the banks and some member states
The structure of the Austrian economy is well-balanced; output has been evolving dynamically at above-average rates; Austria has a sizeable current account surplus; and it is the EU country with the lowest unemployment rate [just 4 per cent].
We believe the European Union’s draft Code of Conduct is a solid foundation for future negotiations on reaching a consensus international code
The United States has decided to enter into formal consultations and negotiations with the European Union and other spacefaring nations to develop an International Code of Conduct
