UK Minister for Europe David Lidington welcomed Thursday’s return visit to Gibraltar by the European Commission to review progress towards addressing delays at the Gibraltar-Spain Border. Lidington recently visited Gibraltar to check the situation at the border and incursions by Spanish vessels of the Rock's waters.
Separatist leader Alex Salmond insisted that Scotland would keep the pound if it left the UK and accused British politicians of bluffing by ruling out a currency union in a campaign of fear that would provoke a backlash from Scots.
The European Commission president Jose Manuel Barroso called on Mercosur to decide whether it wishes to advance in trade talks with the European Union jointly, as a block, and suggested the idea of a 'two-speed negotiation', since it is clear that Brazil is interested in advancing and wants to reach an agreement.
The European Central Bank cut interest rates to a new record low on Thursday amid a chorus of calls for the Euro zone to focus on growth to end a nightmare of unemployment in the bloc. It was the first cut in ten months.
Unemployment in the Euro zone reached a new high of 11.9% in January, as an additional 201,000 people joined the jobless ranks in the crisis-battered bloc, latest data showed Friday. The unemployment rate has been increasing relentlessly since the middle of 2011.
After lengthy talks in Brussels European leaders have reached an agreement on the budget for 2014-20 with a ceiling of 960 billion Euros, the first time the EU multi-annual budget has been reduced.
The 'oligopolistic structure' of international credit rating agencies is probably undesirable, the head of the European Central Bank Jean-Claude Trichet said on Thursday.
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.