Tag: European Union

• Friday, November 9th 2012 - 06:05 UTC

  EU and ten Latinamerican countries end 20-year ‘banana dispute’

  

  The European Union and ten Latinamerican countries signed an agreement on Thursday settling the longest running series of disputes in the history of the multilateral trading system, better known as the ‘banana dispute’.

• Thursday, November 1st 2012 - 23:33 UTC

  Euro-scepticism spreading in the British political system

  

  Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.

• Wednesday, October 31st 2012 - 20:12 UTC

  Mercosur members, except Paraguay, de-listed from EU import preference scheme

  

  The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.

• Thursday, October 18th 2012 - 16:07 UTC

  Paymaster Germany suggests EU Executive veto power over national budgets

  

  German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.

• Thursday, October 18th 2012 - 00:46 UTC

  Which of three EU delegates will actually receive the Nobel Peace Prize?

  

  Almost a week after winning the Nobel Peace Prize, the European Union has finally decided who will collect the award. Rather than one person making the trip to Norway on Dec. 10, the EU has decided it will send three people: one to represent each of its main institutions: the European Commission, the European Council and the European Parliament.

• Tuesday, October 16th 2012 - 07:29 UTC

  Soros suggests that if Germany does not lead, it should leave the Euro

  

  The European Union could be destroyed by the “nightmare” Euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday.

• Friday, October 12th 2012 - 17:03 UTC

  Strong support from the Nobel Prize for a battered European Union

  

  The European Union won the Nobel Peace Prize on Friday for promoting peace, democracy and human rights over six decades in an award seen as a morale boost as the bloc struggles to resolve its economic crisis.

• Wednesday, September 19th 2012 - 21:15 UTC

  Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

  

  Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.

• Wednesday, September 5th 2012 - 00:40 UTC

  Moody’s lowers EU outlook to ‘negative’: fears big countries will prioritize their own debts

  

  Moody's has lowered its outlook for the European Union's AAA credit rating to “negative” and warned that the bloc's rating could be downgraded. The move reflected the negative outlook for the ratings of the EU key budget contributors.

• Tuesday, September 4th 2012 - 00:31 UTC

  Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

  

  Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.