Tag: European Union

• 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.

• Friday, November 4th 2011 - 00:14 UTC

  If Greece leaves the Euro, it must also quit the EU, warns Brussels

  

  If Greece decided to leave the Euro, it would also have to quit the European Union, according to the terms of the EU treaties, the European Commission said on Thursday.

• Friday, October 28th 2011 - 04:42 UTC

  Brazil encouraged by Europe’s plan announcement but wants to look at details

  

  Brazil's government is encouraged by Europe's announcement of a plan to resolve the nagging debt crisis, though more details are needed on the proposal to determine its viability, Brazilian Finance Minister Guido Mantega said Thursday.

• Thursday, October 27th 2011 - 06:05 UTC

  EU leaders reach a deal on Greek debt and boosting bailout fund to 1.4 trillion

  

  European Union leaders announced an agreement early Thursday in Brussels on debt crisis measures including a hard-fought deal with private sector investors to write down Greek bonds by 50%.

• Saturday, October 22nd 2011 - 10:37 UTC

  Hague calls on Tories not to vote for a referendum on UK remaining in the EU

  

  Foreign Secretary William Hague has urged Tory MPs not to vote for a referendum on the UK remaining in the EU, saying it would be a distraction.