BRUSSELS (Reuters) – EU leaders will meet on June 26-27 to discuss who they should nominate as the next president of the European Commission. Whoever they choose must then be approved by a majority in the 751-seat European Parliament.
The front-runner is Jean-Claude Juncker, the former prime minister of Luxembourg, who is the candidate of Europe’s largest centre-right political group, the EPP, which came first in elections to the European Parliament last month.
BRUSSELS, June 10 (Reuters) – The European Union should
simplify fiscal rules and focus on cutting debt, the
International Monetary Fund said on Tuesday, joining a European
debate on how to make austerity policies more growth-friendly.
Some countries, like highly indebted Italy, want more
leniency on budget discipline for those who reform their
economies, arguing higher growth would help reduce debt.
BRUSSELS/VILNIUS (Reuters) – Lithuania meets all the criteria for joining the euro, the European Commission said on Wednesday, clearing the way for the Baltic state to become the 19th member of the single currency from the start of next year.
To adopt the euro, a country has to have government debt no higher than 60 percent of gross domestic product, a budget deficit below 3 percent of GDP, low inflation and interest rates and its own currency has to be stable against the euro.
BRUSSELS (Reuters) – The European Commission told France and Italy on Monday to stick to their pledges to curb spending while reforming their economies, showing little sign of wavering on EU budget rules.
In its annual policy recommendations to governments around Europe, the Commission sought to strike a fine balance between pushing for budget cuts and stimulating a fragile economy at a time of record unemployment.
BRUSSELS (Reuters) – European Union leaders assessed the continent’s dramatically altered political landscape on Tuesday following European Parliament elections and sought a response to a rising tide of voter frustration.
With far-right, anti-EU parties sweeping to unprecedented victories in France, Britain and Denmark and populists gaining ground elsewhere, the 28 leaders faced tough questions about the future direction of European integration.
BRUSSELS (Reuters) – The battle for the presidency of the European Commission, arguably the most powerful job in Brussels, began in earnest on Monday after the centre-right secured a clear victory in European Parliament elections.
Former Luxembourg Prime Minister Jean-Claude Juncker, the centre-right’s choice for Commission president, brushed off questions about his candidacy, saying the job was effectively his for the taking.
PORTO, Portugal, May 23 (Reuters) – Standing on stage before
a 1,000-strong crowd of cheering supporters last weekend, a look
of unease flashed across the face of Jean-Claude Juncker, the
former prime minister of Luxembourg now running for the top job
Accustomed to sober grey suits and backroom dealing, the
grey-haired 59-year-old, seemed unsure quite how to respond to
the throng of chanting Portuguese. Then, as an accomplished
politician, he found his groove.
BRUSSELS (Reuters) – The European Central Bank left interest rates unchanged on Thursday, waiting for updated forecasts from its staff in June before deciding whether to take fresh action to counter low inflation that ticked up last month.
The decision was widely expected and markets’ attention will now shift to ECB President Mario Draghi’s 8:30 am (1230 GMT) news conference, when investors will be listening for any indication the bank could act next month.
BRUSSELS (Reuters) – Euro zone economic sentiment deteriorated slightly in April, defying forecasts of further improvement, while inflation expectations continued to fall, European Commission data showed on Tuesday.
The monthly Commission survey showed that economic sentiment in the 18 countries sharing the euro eased to 102.0 in April from 102.5 in March, mainly because of a dip in confidence in the construction sector and in services.
BRUSSELS (Reuters) – The European Union may ban transactions with financial institutions in Crimea as part of its response to the annexation of the peninsula by Russia last month, an EU document obtained by Reuters showed.
EU leaders consider the takeover of Ukraine’s Crimea by Moscow as illegal and have asked the EU executive arm, the European Commission, to propose economic, trade and financial restrictions on Crimea for rapid implementation.