Tag: European Commission

• Monday, January 2nd 2012 - 21:48 UTC

  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.

• Tuesday, December 13th 2011 - 06:21 UTC

  Cameron reaffirms decision and tells Parliament UK has not lost influence in EU

  

  British PM David Cameron has said he “genuinely looked to reach an agreement” at the EU summit but vetoed treaty change because it was not in the national interest. Cameron told MPs he negotiated in “good faith” and his demands were “modest, reasonable and relevant”.

• Wednesday, December 7th 2011 - 17:51 UTC

  EU cuts Argentina, Brazil, Chile and Uruguay from development aid

  

  The European Commission decided to cut aid from its 2014-2020 budget to 19 emerging economies including Brazil, Argentina, Uruguay and seven other Latin American countries, the EU development commissioner Andris Piebalgs said on Wednesday.

• Wednesday, November 16th 2011 - 05:01 UTC

  EC sets forward strict rules for credit rating agencies

  

  The European Commission has put forward stricter rules for the credit rating agencies that rank countries' and companies' debt. The rules says agencies, including Standard & Poor's, Moody's and Fitch, should follow stricter standards, be more transparent about their ratings and be held accountable for their mistakes.

• Friday, October 21st 2011 - 07:41 UTC

  Uruguay and EC committed to advance with the EU/Mercosur association accord

  

  Uruguay and the European Commission agreed on the importance of promoting economic and investment relations and ratified their commitment to advance negotiations for a Mercosur/EU wide ranging trade and association agreement that is “integral, balanced and ambitious”.

• Wednesday, October 19th 2011 - 16:51 UTC

  EC report claims Argentina and Brazil are increasing trade barriers

  

  Major trading nations led by Argentina, Brazil and Russia are raising barriers to international and threatening the global economic recovery, the European Union's executive arm said on Wednesday.

• Monday, October 17th 2011 - 06:45 UTC

  ECB president Trichet calls for deep changes in the EU treaty

  

  European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the Euro zone.

• Wednesday, October 12th 2011 - 21:26 UTC

  EC president calls for decisive action on Euro banks recapitalization and Greece

  

  The president of the European Commission called Wednesday for EU leaders to bring forward the introduction of a permanent rescue mechanism for states to mid-2012 from mid-2013 and called for more rigorous capital standards for banks.

• Tuesday, October 4th 2011 - 20:24 UTC

  Brazil and EU call for concerted action to face current international situation

  

  Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.

• Friday, September 23rd 2011 - 23:12 UTC

  European banks have already received 420 billion Euros, reveals EC

  

  “The recapitalization of European banks is something that is ongoing, it is something that is already happening,” Commission spokesman Olivier Bailly told a regular briefing.