Tag: European Commission

Monday, June 25th 2012 - 20:09 UTC
EU summit to address banking union, fiscal integration and sovereignty issue

European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document prepared for the meeting.
Tuesday, June 19th 2012 - 06:31 UTC
EU announces at G20 ‘Tobin tax’, opposed by US. UK and Sweden

The European Union will “soon” move forward with a financial transaction tax (FTT), European Commission President Jose Manuel Barroso said Monday, as he also spoke in favour of Euro-bonds.
Monday, May 14th 2012 - 05:34 UTC
EC brighter outlook for 2013: UK expands 1.7% and Euro zone 1.3%

The slow economic recovery is in sight across Europe, the European Commission said on Saturday, with the UK in line for 1.7% growth next year compared with an EU average of 1.3%.
Monday, May 7th 2012 - 17:28 UTC
EU ready to cut trade benefits to Argentina because of YPF; warns the region on growing protectionism

European Trade Commissioner Karel de Gucht expressed concern Monday over what he called a “growing tendency towards protectionism across Latin America” and warned Europe is preparing retaliation measures against Argentina after YPF expropriation
Thursday, May 3rd 2012 - 07:39 UTC
US and EU concerned with “investment climate” following Bolivia’s seizure of Spanish power company

Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”
Thursday, April 26th 2012 - 01:23 UTC
YPF dispute has meant a “disruption of trust” between the EU and Mercosur

European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.
Wednesday, April 18th 2012 - 22:56 UTC
EC and Italy call on Argentina to fulfil its international commitments

European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.
Tuesday, April 17th 2012 - 21:41 UTC
IMF says investment climate in Argentina unpredictable; EC cancels bilateral meeting

The European Commission called off a meeting with officials in Argentina after President Cristina Fernández revealed plans to expropriate 51% of YPF from its mother corporation Spain’s Repsol.
Tuesday, April 17th 2012 - 03:12 UTC
EC supports Spain and warns YPF expropriation can seriously damage business climate

The European Community strongly supported Spain and oil corporation Repsol saying that the expropriation by Argentina of YPF is “a very negative signal” for investors and could seriously damage the business climate of the country.
Wednesday, March 7th 2012 - 23:24 UTC
EU calls on Argentina to respect international trade commitments

The European Union has called on Argentina to respect international trade commitments, following on the announcement by the Minister of Industry to boycott the purchase of imports originating in the UK in an escalating row over the Falklands.