Tag: European Union

• Thursday, July 7th 2011 - 03:13 UTC

  European Union clashes with rating agencies over the Euro debt crisis

  

  In what is seen as an escalation of events between European Union policy makers and credit rating agencies, Moody’s said on Wednesday that nearly a third of EU banks undergoing public stress tests may need some outside support.

• Wednesday, July 6th 2011 - 15:42 UTC

  EU blasts credit rating agencies for downgrading Portugal in midst of negotiations

  

  European Commission strongly criticised international credit ratings agencies following the downgrade of Portugal by Moody's. The Commission said the timing of the downgrade was “questionable” and raised the issue of the “appropriateness of behaviour” of the agencies in general.

• Wednesday, July 6th 2011 - 06:23 UTC

  Poland warns trade agreements must abide by EU sanitary and food security standards

  

  Poland which currently holds the rotating chair of the European Union presidency warned that any trade agreements with third parties must strictly abide by the EU sanitary and food security standards.

• Friday, July 1st 2011 - 06:23 UTC

  EU farm budget frozen for next seven years and conditioned to ‘greening’

  

  The European Union has published its long-awaited budget, which will see spending on the Common Agricultural Policy (CAP) frozen for the next seven years and make 30% of direct support conditional on ‘greening’.

• Friday, July 1st 2011 - 06:20 UTC

  EU paymasters reject point blank proposal for a 5% budget hike

  

  The European Commission’s request for a 5% hike in member states’ contributions in the next EU budget met immediate resistance from big countries such as Germany, France and Britain yesterday.

• Tuesday, June 28th 2011 - 06:07 UTC

  French banks agree to roll over holdings of Greek debt for 30 years

  

  French banks have agreed to roll over holdings of Greek debt for 30 years, President Nicolas Sarkozy said on Monday, as the Greek government tries to persuade backbench rebels to back a crucial austerity plan to avert bankruptcy.

• Monday, June 27th 2011 - 15:00 UTC

  Soros: EU on verge of economic collapse; some countries will have to exit the Euro

  

  US/UK Hungarian born billionaire investor George Soros says a country will eventually exit the Euro zone and urged policymakers on Sunday to come up with a “plan B” that could rescue the European Union from looming economic collapse.

• Saturday, June 25th 2011 - 07:35 UTC

  Europe tightens borders to block the influx of immigrants

  

  European Union leaders agreed Friday to tighten migration safeguards, including potentially reintroducing border controls between states, in a controversial response to an influx of migrants fleeing North Africa's upheaval.

• Friday, June 24th 2011 - 21:58 UTC

  Croatia become the European Union 28th member; final ratification June 2013

  

  European Union leaders said Croatia is ready to become the bloc’s 28th member, signalling peace in the Balkan region.

• Thursday, June 23rd 2011 - 08:58 UTC

  A Uruguayan debt ‘profiling’, an option to help Greece avoid defaulting

  

  With Greece on the precipice of financial collapse and a full Euro confidence crisis looming while EU leaders can’t agree on the next steps, the example of Uruguay in 2002/03 stands out as a successful smart way out of the crisis that spilt over from neighbouring Argentina.