Tag: Herman Van Rompuy

• Thursday, October 18th 2012 - 00:46 UTC

  Which of three EU delegates will actually receive the Nobel Peace Prize?

  

  Almost a week after winning the Nobel Peace Prize, the European Union has finally decided who will collect the award. Rather than one person making the trip to Norway on Dec. 10, the EU has decided it will send three people: one to represent each of its main institutions: the European Commission, the European Council and the European Parliament.

• Wednesday, August 29th 2012 - 02:22 UTC

  Spain to the mercy of markets and with little signs of recovery

  

  Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the Euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.

• Wednesday, June 6th 2012 - 21:20 UTC

  ECB warns EU leaders that monetary policy won’t fill other institutions “lack of action”

  

  European Central Bank (ECB) president Mario Draghi said on Tuesday that risks to the Euro zone economy have increased and warned of “heightened uncertainty weighing on confidence and sentiment”.

• Monday, December 5th 2011 - 20:24 UTC

  “Mercozy” Euro ‘fiscal control’ plan to be announced Wednesday

  

  French President Nicolas Sarkozy and German Chancellor Angela Merkel met in Paris on Monday to align their positions on centralizing control of Euro zone budgets to stem a debt crisis that threatens Europe's currency union.

• 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.

• 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%.

• Friday, July 22nd 2011 - 00:25 UTC

  Paris-Berlin soften rescue terms admit “selective default” and announce Euro IMF

  

  Euro zone leaders agreed at an emergency summit on Thursday to give their financial rescue fund sweeping new powers to help Greece overcome its debt crisis and prevent market instability from spreading through the region.

• 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.

• Friday, December 17th 2010 - 07:05 UTC

  Euro zone agrees (strict conditionality) bail out permanent mechanism

  

  European Union leaders have agreed to set up a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation Euro zone.

• Thursday, June 24th 2010 - 06:07 UTC

  G-20 summit: EU wants timetable to scrap stimuli; US warns recovery is still weak

  

  The European Union (EU) has urged the G20 club of nations to agree when to scrap their economic support packages. The EU said a coordinated exit from stimulus measures would help restore confidence and reduce the risk that some countries would be disadvantaged.