Tag: Europe
EuropeChina has neither the ability or the intention to ‘buy Europe’ says Wen Jibao
China's Premier Wen Jiabao said on Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken Euro zone economies.
Merkel and Sarkozy prepare for yet another round of Euro-rescue talks
German Chancellor Angela Merkel and French President Nicholas Sarkozy have said they will meet next week to discuss the Euro zone debt crisis. Their first meeting of 2012 comes after all EU countries except the UK agreed to work together on a new treaty to stabilise the Euro zone.
Euro zone deal had to be supported by the ECB in its first test
European summit deal to strengthen budget discipline in the Euro zone failed to restore financial market confidence on Monday, forcing the European Central Bank to step in again gingerly.
EU/Latinamerica address bilateral relations and the growing influence of China
European and Latinamerican leaders agreed in Brussels that the two continents should continue to strengthen links in spite of the serious financial and economic situation facing the European Union.
EU members settle for a budget increase of 2%; UK hails it as an ‘excellent deal’
The European Union has been forced to accept a 2% rise in its budget next year, much less than the increase it wanted of around 5%.
UK worst place to live in Europe for quality of life, says uSwitch.com
The UK is now the worst place to live in Europe for quality of life and overall wellbeing, according to research by comparison site uSwitch.com. The high cost of living and work-driven culture means that Britain now sits at the bottom of a Quality of Life index. Ireland doesn’t come far behind in second place.
IMF re-activates resource pool of 571 billion for another six months
The International Monetary Fund re-activated this week a 571 billion dollars resource pool to ensure it has funds to help cover Europe's worsening sovereign-debt crisis. The IMF extended activation of its so-called New Arrangements to Borrow for a six-month period from October.
UN report shows broadband potential for economic and social development
Broadband telecommunications have the potential to spur rapid economic growth and facilitate job creation, according to a United Nations reported unveiled this week, which urges countries to implement national broadband plans or risk losing the benefits of the global high-speed digital communications.
Commodity prices fall for the fourth day running; oil below 100 USD per barrel
Commodity prices fell on Thursday for a fourth day, following weak economic news from Europe and the US. Oil prices were down 10% at one stage, with US light, sweet crude ending the day below 100 US dollars a barrel.
EU fears massive exodus of refugees if there’s a ‘Battle for Tripoli’
Europe is extremely concerned about the consequences of the instability in Libya which could mean a humanitarian crisis of proportions if Libyans take to the sea and try to reach the European continent in look of food, hope and jobs, warned the EU Commissioner for Food Aid Kristalina Georgieva.
