If the world thought that Europe’s finance ministers were running in to put out the blaze spreading through Athens and Rome this week, it might come as a surprise to learn they still don’t agree on the size of the fire or how to deal with it.
Global News Journal
Investors are hoping for something big from European leaders at the EU summit on Oct. 23 and of the Group of 20 on Nov. 3. But they also know the 17 nations of the euro have a habit of offering delayed, half-hearted rescues that have cost them credibility.
Joschka Fischer was never one to mince words when he was Germany's foreign minister in the late '90s and early noughts. So it is not overly surprising that he has painted a picture in a new post of a world with only two powers -- the United States and China -- and an ineffective and divided Europe on the sidelines.
If people stop commenting on the financial crisis, does it still exist?
A month ago, Europe was in the throes of fretting about Greece’s debt problems and whether they were going to spill over to Portugal and Spain, bringing down the euro and a decade of monetary union with it. At the same time there was intense anxiety about impending results from stress tests on nearly 100 European banks.
The message to Serbia from Brussels is clear: swallow your pride and start talking to Kosovo. Without strong evidence that Belgrade is mending ties with its former province, the message goes on, Serbia’s pathway to European Union entry will be rocky, if not blocked entirely.
Top European Union officials held talks this week with religious leaders, part of a policy of holding consultations with religious groups that was enshrined in the EU’s Lisbon reform treaty, which came into force last December. But not everyone supports the move.
More than two dozen Christian, Jewish and Muslim leaders — joined by a representative each from the Hindu and Sikh communities — met the presidents of the European Parliament, European Commission and European Council on Monday to discuss how to fight poverty and social exclusion.