Tag: European Union

• Monday, February 6th 2012 - 06:46 UTC

  A majority of Germans feel Euro block would be better off without Greece

  

  The majority of Germans feel the Euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed.

• Tuesday, January 31st 2012 - 05:35 UTC

  Malvinas dispute a ‘bilateral issue’ which is not included in the EU agenda

  

  European Union ambassador in Buenos Aires Alfonso Diez Torres said that the Falklands/Malvinas issue does not figure in the foreign affairs agenda of the EU, it’s a bilateral issue and he does not see any reason to amend the Lisbon treaty to exclude the disputed South Atlantic Islands as demanded by Argentina.

• Friday, January 27th 2012 - 10:55 UTC

  Proposing financial transaction tax now is “simply madness”, says PM Cameron

  

  United Kingdom’s Prime Minister David Cameron urged the European Union to take a “bold and decisive action” to curb the economic crisis hovering over the Euro Zone and also described the plan for a financial transaction tax as “simply madness”.

• Wednesday, January 25th 2012 - 21:07 UTC

  Merkel asks business leaders to give policy makers “needed space” to tackle Euro crisis

  

  German Chancellor Angela Merkel appealed to business leaders at the World Economic Forum to give policy makers the space they need to tackle the debt crisis, pledging that Europe will pull together and restore confidence.

• Wednesday, January 25th 2012 - 20:44 UTC

  Greek “negotiated haircut” may need to be extended to public sector creditors warns Lagarde

  

  Greece's public sector creditors may need to participate in a restructuring of its debt if a haircut negotiated with private sector bondholders is not enough to make Athens' debt sustainable, IMF Managing Director Christine Lagarde said.

• Wednesday, January 25th 2012 - 04:21 UTC

  S&P likely to downgrade Greece’s rating to “selective default”

  

  Standard & Poor's will likely downgrade Greece's ratings to “selective default” when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.

• Monday, January 23rd 2012 - 23:39 UTC

  EU joins US: bans oil imports from Iran and imposes further economic sanctions

  

  The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear development program.

• Monday, January 23rd 2012 - 16:32 UTC

  Spain’s central banks says economy forecasted to shrink 1.5% in 2012

  

  Spain’s economy contracted in the fourth quarter and will shrink 1.5% this year, the Bank of Spain estimated, undermining government efforts to cut the budget deficit amid the second recession in two years.

• Friday, January 20th 2012 - 14:45 UTC

  Falklands/Malvinas bilateral issue, but Islands are covered by EU as British OT

  

  The European Union considers that the new tense situation between Argentina and the UK over the Falklands/Malvinas Islands is a “bilateral issue”, however the Falklands figure under EU treaties as a British Overseas Territory, said the EU Foreign Affairs Representative spokesperson.

• Wednesday, January 4th 2012 - 05:27 UTC

  Greece admits it is closer to be forced out of the Euro zone

  

  Greece faces an exit from Europe's common currency block unless it clinches a deal on a second 130 billion Euro bailout with its international lenders, a government spokesman said on Tuesday.