Tag: European Union

• 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.

• Thursday, December 29th 2011 - 21:58 UTC

  Majority of Conservatives (54%) believe UK should leaver the EU, shows poll

  

  A majority of the ruling Conservative Party members believe Britain should leave the European Union, according to an opinion poll. A survey of party members by the ConservativeHome website for The Independent found 54% would favour ending Britain’s EU membership and signing up to a free-trade agreement

• Saturday, December 17th 2011 - 02:57 UTC

  Russia after almost two decades is admitted to the World Trade Organization

  

  The World Trade Organization admitted Russia as its newest member on Friday, giving a boost to its biggest trading partner, the European Union.

• Monday, December 12th 2011 - 04:35 UTC

  In spite of “bitter disappointment” Lib-Dem will remain in UK coalition

  

  Divisions over Europe within the British coalition government were exposed when David Cameron's deputy said an EU summit that ended with the prime minister deploying his veto was a “bitter disappointment” and “bad for Britain.”

• Thursday, December 1st 2011 - 05:53 UTC

  US and EU stock soar following on central banks’ decision to provide dollars

  

  Global stocks and the Euro rallied on Wednesday after the world's leading central banks agreed to cut the cost for European banks to borrow much-needed dollars.

• Tuesday, November 29th 2011 - 06:04 UTC

  US and EU agree to begin talks on a trans-Atlantic economic and trade pact

  

  The United States and European Union agreed on Monday to develop a plan to capitalize on already strong economic ties to create more jobs and fuel economic growth on both sides of the Atlantic.

• Monday, November 21st 2011 - 04:16 UTC

  EU members settle for a budget increase of 2%; UK hails it as an ‘excellent deal’

  

  The European Union has been forced to accept a 2% rise in its budget next year, much less than the increase it wanted of around 5%.

• Friday, November 4th 2011 - 08:24 UTC

  Papandreou yields, scraps referendum, promises to step down

  

  Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the Euro to preserve the single currency.