Tag: European Union

• 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.

• Tuesday, June 21st 2011 - 21:35 UTC

  Luxembourg has highest EU GDP per capita; 6.5 times Bulgaria

  

  Luxembourg is by far the richest country in the European Union in terms of GDP per capita, more than six times more affluent than the 27-nation bloc's poorest member Bulgaria, data showed.

• Sunday, June 19th 2011 - 22:46 UTC

  Greece and Spain react to the Euro-pact of painful economic reforms

  

  As the Euro crisis debt crisis expands, Greek Prime Minister George Papandreou appealed to parliament to support a new cabinet appointed to push through painful economic reforms, saying a debt default would be catastrophic for the country and the European Union.

• Wednesday, June 8th 2011 - 06:05 UTC

  Croatia is “ready to join EU” and “good news” expected on Friday

  

  The European Commission will recommend that EU member governments finalize accession talks with Croatia, clearing an important hurdle on Zagreb's path to joining the 27-strong bloc.

• Wednesday, June 1st 2011 - 08:34 UTC

  Mix of Belgian sacrifices and banks rolling over expiring bonds, proposal for Greece

  

  European Union’s top economic official said a solution to keeping Greece solvent is combining bold deficit cuts reminiscent of Belgian sacrifices in the 1990s and willingness by lenders to roll over expiring bonds, adapting what was done in Eastern Europe two years ago.

• Saturday, May 14th 2011 - 05:07 UTC

  World’s main trading nations remain divided on global agreement: Doha Round doomed?

  

  The world's main trading nations remain divided over a global trade deal despite a compromise plan put forward by the European Union to rescue the stalled Doha trade round, the EU trade chief said.