Euro-zone nations will hold an emergency summit on Tuesday to discuss the Greek referendum No result after the German and French leaders called for a meeting, EU president Donald Tusk said. The special meeting comes as Brussels reels with the implications of what the head of the Euro-group of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a very regrettable decision.
Spain will call on the European Commission to include Gibraltar on the EU blacklist of tax havens published last week, it emerged over the weekend. The list names the 30 top tax havens as identified by EU countries, but Gibraltar is not on it. Only nine of the EU’s 28 members - among them Spain - view the Rock as a harmful jurisdiction for taxation.
The government of Iceland has announced it is no longer seeking EU membership for the North Atlantic state. Foreign Minister Gunnar Bragi Sveinsson said he had already informed current EU president Latvia and the European Commission about the cabinet's move.
The World Trade Organization on Thursday rejected Argentina’s bid to overturn a ruling in favour of the United States, the European Union and Japan against the Buenos Aires licensing rules used to restrict imports.
The European Central Bank (ECB) has stepped up plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.
European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because the European Commission has yet not concluded the consultation process with member states to harmonize its proposal.
The tendency to impose trade-restricting measures remains strong among the European Union's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published Monday 17 November.
After months of political wrangling over the appointment to the European Commission, Jean Claude Juncker and his team officially replaced his predecessor, Jose Manuel Barroso, and his Commission on Saturday. The first vice president, former Dutch Foreign Minister Frans Timmermans, is to serve as Juncker's right-hand man.
The incoming head of the European Commission, Jean-Claude Juncker, unveiled an EU executive team on Wednesday that handed key economic responsibilities to French and British commissioners but overseen by others in a new-look hierarchy.
Philips, Samsung and Infineon have been fined 138m Euros by the European Commission (EC) for fixing prices of chips in used in smart-phones. The electronics giants colluded on pricing, contracts and capacity between 2003 and 2005, the EC said.