Tag: European Commission

• 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.

• Monday, March 5th 2012 - 19:32 UTC

  Spanish unemployment keeps rising; dispute with the EC over the deficit target

  

  The number of people claiming unemployment benefit in Spain rose by 112.269 in January, taking the overall figure to 4.7 million. Spain’s unemployment rate stands at 22.9%, the highest in the 17-nation Euro-zone.

• Tuesday, February 28th 2012 - 00:27 UTC

  EC report on trade and investments criticizes Mercosur protectionism

  

  The European Commission in its latest report on trade and investments complains about Mercosur protectionist policies, restrictions to maritime transport and to the export of commodities particularly from Brazil and Argentina.