BRUSSELS (Reuters) – Europeans could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow’s military role in Ukraine that European Union ambassadors were to start discussing on Monday, three EU sources said.
EU leaders decided at a summit on Saturday that the direct engagement of Russian troops in the war in eastern and southern Ukraine – still denied by Moscow – called for a stepping up of sanctions imposed so far unless Russia pulled its soldiers back.
BRUSSELS (Reuters) – European Union leaders on Saturday chose Poland Prime Minister Donald Tusk to chair their Council and named Italian Federica Mogherini to run the bloc’s foreign relations, as the EU prepared to threaten Russia with new sanctions over Ukraine.
A summit in Brussels shared the two coveted EU posts between a Kremlin critic from ex-communist Eastern Europe and the foreign minister of one of Moscow’s biggest customers for gas. EU officials gave Ukraine’s embattled President Petro Poroshenko a warm welcome and assurances of further support.
BRUSSELS (Reuters) – British Prime Minister David Cameron said he was “delighted” with a promise from Polish premier Donald Tusk, newly elected to a top European Union post, to address his demands for reforming the EU to keep Britain in the bloc.
Two months after suffering a severe and very public setback when he failed to block the appointment of another EU leader whom he judged hostile to his reform drive, Cameron was upbeat about the choice of the Polish center-right leader as head of the European Council, the body representing the 28 EU governments.
BRUSSELS (Reuters) – European Union leaders will threaten Russia with new sanctions over Ukraine on Saturday but, fearful of a new Cold War and self-inflicted harm to their own economies, should give Moscow another chance to make peace.
At a summit in Brussels that handed one of the Union’s top jobs to Poland’s premier and gives hawkish Kremlin critics in Eastern Europe new influence in the bloc, EU officials gave Ukraine’s embattled President Petro Poroshenko a warm welcome and assurances of further economic and other support.
BRUSSELS (Reuters) – Euro zone countries must beware of bending budget rules in the quest for economic growth, the EU’s new economics czar said on Thursday, suggesting some proposals from France and Italy sought too much leeway.
Former Finnish Prime Minister Jyrki Katainen, to be formally confirmed by the European Parliament later on Thursday as economic and monetary affairs commissioner until November, told Reuters that tumbling government borrowing costs could spike again if investors felt structural reforms were faltering or fiscal discipline was fading.
BRUSSELS (Reuters) – European Union leaders failed to agree at a summit on Wednesday on sharing out a package of top jobs in the 28-nation bloc, including a new foreign policy chief, and postponed the decision until late August.
The talks foundered over opposition to Italian Foreign Minister Federica Mogherini’s candidacy for the foreign policy role and demands by central and east European leaders that the job should go to someone from their region, diplomats said.
BRUSSELS (Reuters) – European Union leaders failed to agree at a summit on Wednesday on sharing out a package of top jobs in the bloc, including a new foreign policy chief, and postponed the decision until late August, diplomats said.
The talks foundered over opposition to Italian Foreign Minister Federica Mogherini’s candidacy for the foreign policy role and demands by central and east European leaders that the job should go to someone from their region, the diplomats said.
BRUSSELS (Reuters) – In the latest shift away from the austerity of the euro zone crisis, European Union leaders signaled at a summit that they were ready to give member states extra time to consolidate their budgets as long as they pressed ahead with economic reforms.
Under pressure from Italian Prime Minister Matteo Renzi, the leaders adopted a text which pledged to make “best use” of the flexibility built into the bloc’s fiscal rule book – the so-called Stability and Growth Pact.
BRUSSELS (Reuters) – European Union leaders agreed on Friday that growth-boosting structural reforms should be rewarded with more time to improve public finances under existing EU budget rules in response to pressure from Italy to shift emphasis from austerity to growth.
After four years of a sovereign debt crisis, when reducing deficits was key for the euro zone to regain market confidence, the biggest headaches for most governments now are record high unemployment, moribund growth and high debt.
BRUSSELS (Reuters) – Euro zone economic sentiment fell unexpectedly in June on fears that fighting in Iraq would push up oil prices and that any escalation of the Ukraine crisis could drag on euro zone growth.
The European Commission’s economic sentiment index (ESI) for the 18 countries that share the euro fell to 102.0 from a revised 102.6 in May. Economists had forecast a rise to 103.0.