Tag: European Commission

• 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.

• Wednesday, September 21st 2011 - 05:54 UTC

  “Negative political considerations” downgraded Italy’s rating says Berlusconi

  

  Italian Prime Minister Silvio Berlusconi was quick to reject a long-feared assessment from ratings agency Standard & Poor’s that saw Italy’s credit rating downgraded by one notch on Tuesday.

• Friday, August 5th 2011 - 07:42 UTC

  Black Thursday in US and Europe turns into black Friday in Asia

  

  Asian stock markets have slumped on Friday, extending a global equity sell-off after Wall Street had its worst day in more than two years. Japan's main Nikkei 225 index shed 3.4% to 9,329.75. South Korea lost 4.2%, Australia slid 2.4% and China's Shanghai SE Composite Index was down 2%.

• Monday, July 18th 2011 - 10:47 UTC

  Hague announces UK will appeal EC decision on Gibraltar waters

  

  Foreign Secretary William Hague said the Government has a clear responsibility to uphold the UK's position over the waters around Gibraltar and will be appealing a European Commission decision benefiting Spain.

• Saturday, July 16th 2011 - 07:11 UTC

  IMO agrees mandatory energy efficiency measures for international shipping

  

  The International Maritime Organization (IMO) agreed on Friday on energy efficiency design standards for new ships to cut greenhouse gas emissions, but developing countries will probably delay implementation by using a waiver, delegates said.

• Wednesday, July 13th 2011 - 21:40 UTC

  EC checks into German government aid to car manufacturers

  

  European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.

• Wednesday, July 13th 2011 - 16:35 UTC

  Europe unveils plan to reform fishing industry and phase out ‘discards’

  

  European Commission has unveiled major plans to reform the EU fishing industry and stop catches being wasted. The proposal, due to take effect from 2013, would give fleets quota shares guaranteed for at least 15 years.

• Friday, July 8th 2011 - 15:09 UTC

  EU waiting for farm-impact assessment to advance in trade talks with Mercosur

  

  The European Union and Mercosur concluded Friday in Brussels the sixth round of negotiations for a cooperation and trade agreement without any formal exchange of proposals but with the commitment to continue discussions.