Economic growth across the Euro-zone was stronger than expected at the end of 2013, according to official figures, raising hopes the recovery is gaining a foothold. Gross domestic product grew by 0.3% in the October-December period from the previous quarter, said Eurostat, the European Union’s statistics office. That amounts to an annualized rate of about 1.2 %.
The Gibraltar Government will sponsor a group of Gibraltarians and local residents who plan to travel to Brussels to protest before the European Union about delays caused by Spanish checks at the border, reports the Gibraltar Chronicle. The group approached the Government in recent months and is said to include people from all walks of life and from all shades of political opinion.
The Tory plan for a referendum on Britain’s membership of the European Union cleared its first hurdle in the House of Lords last week. The Bill was given an unopposed second reading after a lengthy seven-hour debate in the Lords, in which more than 60 peers spoke.
Argentina's Foreign Ministry refuted an article by Brazilian newspaper Valór Económico reporting that negotiations between Mercosur and the European Union had been delayed by the failure to reach agreement with Argentina over a joint proposal of goods to include in a free trade agreement
Catalonia's president has called on European Union prime ministers for support as the region seeks a vote on independence in November this year, the source of an increasingly bitter fight with Spain's central government.
Brazil on Thursday strenuously denied European Union charges it engages in protectionism and said it would show its trade programs conform to WTO rules. The EU took Brazil to the World Trade Organization Thursday, complaining it was using taxes to discriminate against imports and illegally help its exporters
Argentina has filed a complaint with the World Trade Organization against the European Union’s decision to impose anti-dumping duties on its biodiesel exports. The duties are “clearly protectionist” and will affect annual sales worth more than 1.5 billion, Argentina’s Foreign Ministry said on Thursday on its website.
Euro-zone finance ministers have agreed on a long-awaited pact on how to deal with failing banks in the region. It aims to create a 55bn euro fund - financed by the banking industry, over the next 10 years. The fund would be backed by a new agency, which will decide on how to deal with failing banks.
Ireland's prime minister has marked the end of the country's bailout program with a speech to the nation. In a televised address, Enda Kenny said Ireland's good name and our credibility had been restored. Meanwhile Portugal could be the next in the list after a review of the economy was advanced six months.
The European Union has asked for a one-month delay in the exchange of proposals to kick off free-trade negotiations with Mercosur, Argentine Cabinet Chief Jorge Capitanich confirmed on Thursday. The news was first reported by Sao Paulo newspapers on statements from Brazilian Foreign minister Luiz Fernando Figuereido.