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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
US Secretary of State Hillary Clinton (R) and the European Union's High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton pose during the family photo of the G20 Foreign Ministers Informal Meeting in Los Cabos, Baja California Sur state, Mexico on February...
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 »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 »International Monetary Fund (IMF) Managing Director Christine Lagarde speaks to Greek Prime Minister Lucas Papademos (R) prior an Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this time seems to have...
View Photo »German Finance Minister Wolfgang Schaeuble (C) answers reporters' questions as he arrives prior an Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this time seems to have tightened the corset of conditions...
View Photo »Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker (C) arrives prior to a Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this time seems to have tightened the corset of conditions tightly...
View Photo »Greek Finance Minister Evangélos Vénizélos (L) and Greek Prime Minister Lucas Papademos (2nd L) speak with German Finance Minister Wolfgang Schaeuble prior an Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and...
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 »IMF President Christine Lagarde arrives at the start of a Eurogroup meeting at the European Union council headquarters in Brussels February 20, 2012. Euro zone finance ministers and officials were expected to approve a package of aid and to draw a line under months of turmoil that has...
View Photo »(From L) Greek Prime Minister Lucas Papademos, German Finance Minister Wolfgang Schaeuble and Dutch Finance Minister Jan Kees de Jagertalk prior an Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this time...
View Photo »Greek finance minister Evangelos Venizelos (L), French finance minister francois Baroin (C) and Luxembourg finance minister Luc Frieden talk prior to a Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers meet again on Greek debt, and this...
View Photo »FILE - In this Sept. 30, 2011 file photo, two landmarks, Sultan Ahmed Mosque, left, and Hagia Sophia, seen with the Bosporus, in Istanbul, Turkey. If a project has no deadline, is it really a project? What do you call a negotiation process in which the partners can't talk about key issues?
View Photo »(L to R) Belgian Finance minster Steven Vanackere, Greek Prime Minister Lucas Papademos, French Finance minister francois Baroin and Greek Finance Minister Evangelos Venizelos talk prior an Eurozone meeting on February 20, 2012 at the EU Headquarters in Brussels. The eurozone ministers...
View Photo »Greek Finance Minister Evangelos Venizelos, left, shakes hands with German Finance Minister Wolfgang Schaeuble during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday a...
View Photo »(L to R) Greek Finance Minister Evangelos Venizelos (L) and Luxembourg Prime Minister and Eurogroup president Jean-Claude Juncker, Greek Prime Minister Lucas Papademos and German Finance Minister Wolfgang Schauble talk prior an Eurozone meeting on February 20, 2012 at the EU...
View Photo »(L to R) Greece's Finance Minister Evangelos Venizelos, Greece's Prime Minister Lucas Papademos and Germany's Finance Minister Wolfgang Schaeuble attend a Eurogroup meeting at the European Union council headquarters in Brussels February 20, 2012. Euro zone finance ministers are expected...
View Photo »Jurgen Kroger, head of a European Union (EU) delegation, is followed by Rasmus Ruffer, head of a European Central Bank (ECB) delegation, as they leave the Socialist Party headquarters in Lisbon after a meeting February 20, 2012. Portugal is under the third bailout inspection of the...
View Photo »Greek Prime Minister Lucas Papademos, second left, speaks with Belgium's Finance Minister Steven Vanackere, left, and Greek Finance Minister Evangelos Venizelos, right, during a round table meeting of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20,...
View Photo »Luxembourg's Prime Minister and Eurogroup chairman Jean-Claude Juncker (R) talks with Greece's Prime Minister Lucas Papademos (L) at the start of a Eurogroup meeting at the European Union council headquarters in Brussels February 20, 2012. Euro zone finance ministers are expected to...
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 »Managing Director of the International Monetary Fund Christine Lagarde speaks with the media as she arrives for a meeting of eurozone ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday a long-elusive rescue...
View Photo »Greek Finance Minister Evangelos Venizelos, right, arrives for a meeting of eurozone ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012. Eurozone governments will likely approve on Monday a long-elusive rescue package for Greece, saving it from a potentially...
View Photo »US Secretary of State Hillary Clinton (R) and the European Union's High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton pose during the family photo of the G20 Foreign Ministers Informal Meeting in Los Cabos, Baja California Sur state, Mexico on February...
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
EU law precludes the imposition of an injunction by a national court which requires an internet service provider to install a filtering system with a view to preventing the illegal downloading of files
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
