Tag: European Union
European UnionGibraltar ‘will never be Spanish’ and will enjoy full self-government says Chief Minister Picardo
Chief Minister Fabian Picardo has told German readers of Frankfurter Allegmeine Zeitung that he is firmly convinced that Gibraltar will never be Spanish because today’s Europe is about the people rather than the states.
Pope Francis and Merkel talk economics: ‘rules of the social market have not been observed”
German Chancellor Angela Merkel met Pope Francis and, apparently responding to his criticism of a heartless “dictatorship of the economy” and the “cult of money”, called for stronger regulation of financial markets.
EU recession for the sixth consecutive quarter; France joins the club with 0.2% contraction
Wednesday’s economic growth numbers make it official: the Euro zone is in its longest recession since records began in 1995. The 17-nation economy shrank by 0.2% between January and March, compared with last quarter's decline of 0.6%, deepening the bloc's recession as economic output fell for the sixth consecutive quarter.
Tougher regulations and responsibilities for credit rating agencies in Europe
Credit rating agencies (CRA) such as Moody’s, Fitch or Standard & Poor’s will have to work under more strict regulations in the European Union where they could face claims if investors suffer a loss due to an infringement committed by the agency intentionally or with gross negligence, according to a European Council directive approved on Monday.
Two Tory ministers prepared to vote for Britain to leave the EU
Defence Secretary Philip Hammond has become the second cabinet minister to say he would vote for Britain to leave the EU if a referendum were held now. But, like education secretary Michael Gove, he said David Cameron must be given a chance to bring powers back from Brussels before deciding.
China fears a US/EU free trade area could become protectionist; looks to Latinamerica
China has raised concerns about European Union plans to negotiate an ambitious free trade deal with the United States, fearing it is a protectionist move and at the same time Beijing new administration is doubling efforts towards Latinamerica and Africa.
Van Rompuy joins chorus of Euro zone policy makers promoting pro-growth measures
European Union governments and institutions must take “immediate action” to promote growth and jobs creation as countries are tired of austerity, European Council President Herman Van Rompuy said this week.
Brazil slams US and Europe for delaying promised reforms in the IMF
Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).
France conditions EU/US trade talks to the exclusion of cultural items
France said it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.
“Democracy in Paraguay is here to stay: Mercosur and Unasur have become irrelevant”
“We’re optimistic about Sunday’s election and the future of Paraguay if we can agree on long term state policies, but something is for certain: democracy in Paraguay is here to stay” said Ricardo Caballero Aquino, Chargé d’affaires of the Paraguayan embassy in Montevideo who was also positive about future relations with Unasur and Mercosur.
