Global News Journal

Greece gets help, but debt quicksand is all around

April 23, 2010

After five months of struggling to stay afloat in the quicksand of a debt crisis, Greece has finally asked the European Union and the IMF to throw it a lifeline

Which companies are oiling the cogs of EU legislation?

By Reuters Staff
April 22, 2010

If Europe’s lobbying register is correct, oil giants like Shell and BP are spending just a few hundred thousand euros a year on EU lobbying, sums that are dwarfed by the millions they spend across the Atlantic.

Biofuels’ green credentials called into question

April 22, 2010

Biofuels were once seen as the perfect way to make transport carbon-free, but a series of EU studies are throwing increasing doubt on the green credentials of the alternative fuel.

Luxury brands ride high in online trade dispute

April 21, 2010
The European Union’s competition regulator made an important move this week, issuing revised rules governing the sale of goods and services over the Internet in Europe.

The so-called “vertical restraints block-exemption regulation”, unveiled on Tuesday, set down new guidelines for online retailers who don’t operate a ‘bricks-and-mortar’ outlet. In doing so, it sought to resolve a debate that has been going on for years between luxury brand retailers such as Gucci and Chanel and discounters who sell big-name brands more cheaply from warehouses over the Internet.

Head scratching over EU plans for EMF, helping Greece

March 17, 2010
IMF Managing Director Dominique Strauss-Kahn

IMF Managing Director Dominique Strauss-Kahn

It was no great surprise that the managing director of the International Monetary Fund looked perplexed when asked during a visit to Brussels to comment on proposals to create a European monetary fund.

Lapland’s part in EU foreign policy

March 16, 2010

Last weekend, Finland’s foreign minister gathered six of his colleagues and the EU’s foreign affairs chief, Catherine Ashton, in the frozen far reaches of Lapland for two days of talks on the future of European foreign policy.

‘Frankenstein’-food fears keep GMOs out of Europe

February 5, 2010

As the new European Union executive prepares to debate fresh policy proposals which might unblock the stalemate over approving genetically modified crops for feed, processing or cultivation, there are few signs that Europe’s fears over what some have termed “Frankenstein foods” are easing. 

Brussels’ MEPs ready to duke it out with bankers

February 4, 2010

Every new year brings resolutions, and the European Parliament is no exception.

Often derided as a multi-lingual talking shop, the institution is feeling newly invigorated by some fresh faces and by the European Union’s Lisbon reform treaty, which came into force late last year and gives the 736-member parliament more say in drafting laws and acting as a check on legislation.

Does Greece really deserve such a market pummelling?

February 3, 2010

So there’s no question Greece has work to do to improve its bookkeeping.

Not only must it get spending in check,  but it needs to be a bit more honest about where its finances stand in the first place. After all, it’s not often an EU country says one month that its budget deficit is a little over three percent of GDP and admits a few weeks later that, oh dear, it’s actually nearer 13 percent.

Berlusconi charms Israel with EU talk

February 2, 2010
Berlusconi and Netanyahu shake hands during a meeting in Italy last year

Berlusconi and Netanyahu shake hands during a meeting in Italy last year

Silvio Berlusconi is seldom shy about making headlines, and he’s also known to turn on the charm when he meets foreign leaders.