Tag: European Union

• Wednesday, May 15th 2013 - 22:15 UTC

  EU recession for the sixth consecutive quarter; France joins the club with 0.2% contraction

  

  Wednesday’s economic growth numbers make it official: the Euro zone is in its longest recession since records began in 1995. The 17-nation economy shrank by 0.2% between January and March, compared with last quarter's decline of 0.6%, deepening the bloc's recession as economic output fell for the sixth consecutive quarter.

• Tuesday, May 14th 2013 - 06:13 UTC

  Tougher regulations and responsibilities for credit rating agencies in Europe

  

  Credit rating agencies (CRA) such as Moody’s, Fitch or Standard & Poor’s will have to work under more strict regulations in the European Union where they could face claims if investors suffer a loss due to an infringement committed by the agency intentionally or with gross negligence, according to a European Council directive approved on Monday.

• Monday, May 13th 2013 - 04:03 UTC

  Two Tory ministers prepared to vote for Britain to leave the EU

  

  Defence Secretary Philip Hammond has become the second cabinet minister to say he would vote for Britain to leave the EU if a referendum were held now. But, like education secretary Michael Gove, he said David Cameron must be given a chance to bring powers back from Brussels before deciding.

• Wednesday, May 8th 2013 - 09:29 UTC

  China fears a US/EU free trade area could become protectionist; looks to Latinamerica

  

  China has raised concerns about European Union plans to negotiate an ambitious free trade deal with the United States, fearing it is a protectionist move and at the same time Beijing new administration is doubling efforts towards Latinamerica and Africa.

• Saturday, May 4th 2013 - 09:12 UTC

  Van Rompuy joins chorus of Euro zone policy makers promoting pro-growth measures

  

  European Union governments and institutions must take “immediate action” to promote growth and jobs creation as countries are tired of austerity, European Council President Herman Van Rompuy said this week.

• Saturday, April 20th 2013 - 05:56 UTC

  Brazil slams US and Europe for delaying promised reforms in the IMF

  

  Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).

• Friday, April 19th 2013 - 02:38 UTC

  France conditions EU/US trade talks to the exclusion of cultural items

  

  France said it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.

• Thursday, April 18th 2013 - 21:39 UTC

  “Democracy in Paraguay is here to stay: Mercosur and Unasur have become irrelevant”

  

  “We’re optimistic about Sunday’s election and the future of Paraguay if we can agree on long term state policies, but something is for certain: democracy in Paraguay is here to stay” said Ricardo Caballero Aquino, Chargé d’affaires of the Paraguayan embassy in Montevideo who was also positive about future relations with Unasur and Mercosur.

• Wednesday, April 17th 2013 - 07:33 UTC

  Austria keeps to bank secrecy and demands UK and US shed light on their tax havens

  

  Austria vowed to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors and criticized the United States and Britain for permitting tax havens.

• Saturday, March 9th 2013 - 04:16 UTC

  ECB calls on governments to promote growth and combat the tragedy of unemployment

  

  European Central Bank President Mario Draghi urged indebted governments to move beyond spending cuts and tax hikes and introduce reforms that would boost growth and reduce the “tragedy” of unemployment.