Correspondent, Brussels
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Mar 11, 2014

Time runs short as Europe haggles over key bank reform

BRUSSELS, March 11 (Reuters) – European countries haggled on
Tuesday over a scheme to insulate taxpayers from the costs of
bank failures, redoubling efforts to avoid an embarrassing delay
to the euro zone’s centrepiece crisis reform.

The protracted talks show the politically charged nature of
the plan to disentangle states and the banks from which they
borrow. A future agency to wind down failing banks, and a fund
to pay for the clean-up, will complement European Central Bank
supervision of euro zone banks.

Mar 10, 2014

Europe reaches crunch point on banking union

BRUSSELS, March 10 (Reuters) – European governments and
lawmakers will try to reach a deal this week on how to wind down
failing banks, clearing the way for a landmark reform as time
runs out to win European Parliament approval before May
elections.

Negotiations are set to span days and may be the final step
in a European banking union that would mean one supervisor for
euro zone banks, one set of rules to close or restructure those
in trouble and one pot of money to pay for it.

Mar 7, 2014

EU veteran Juncker wins centre-right backing for top Brussels job

DUBLIN (Reuters) – Former Luxembourg prime minister Jean-Claude Juncker, a fixture of Brussels politics for the past 25 years, won the backing of Europe’s center-right parties on Friday in the race to become European Commission president.

Juncker, who lost office last year after 18 years as prime minister, beat French rival Michel Barnier, the EU’s regulation chief, to become the European People’s Party (EPP) top candidate for the European Parliament elections in May.

Mar 7, 2014

Luxembourg’s Juncker wins center-right backing in bid for top EU job

DUBLIN (Reuters) – Former Luxembourg prime minister Jean-Claude Juncker, a fixture of European politics for the past 25 years, won the backing of Europe’s center-right parties on Friday to be their candidate for European Commission president.

Juncker, who lost office last year after 18 years as prime minister, beat French rival Michel Barnier, the EU’s regulation chief, to become the European People’s Party (EPP) top candidate for the European Parliament elections in May.

Mar 6, 2014

European centre-right leaders to declare Ukraine right to join EU

DUBLIN, March 6 (Reuters) – Ukraine may apply to become a
member of the European Union, the centre-right European People’s
Party is set to declare on Friday, according to a draft
statement underscoring the determination of key European
capitals to back the country trying to fend off Russian
intervention.

The statement was drafted shortly before Ukrainian
politician Yulia Tymoshenko briefed a group of conservative
leaders including German chancellor Angela Merkel, Polish Prime
Minister Donald Tusk and Spanish Prime Minister Mariano Rajoy
about the crisis in her country.

Mar 6, 2014

Juncker promises to build bridges in bid for top EU job

DUBLIN, March 7 (Reuters) – Veteran Brussels politician
Jean-Claude Juncker sought the backing of Europe’s centre-right
on Friday in the race to become European Commission president,
pledging to build bridges in a region he said was increasingly
divided.

The former Luxembourg prime minister is expected to win
against French rival Michel Barnier, the EU’s regulation chief,
when the European People’s Party (EPP) chooses its lead
candidate ahead of European Parliament elections in May.

Feb 27, 2014

EU veteran Juncker enters race to become Commission president

BRUSSELS, Feb 27 (Reuters) – Veteran Luxembourg politician
Jean-Claude Juncker has won the backing of Germany’s major
conservative party in the race to become European Commission
president, as he officially submitted his bid to become the
centre-right candidate.

The move, which had been expected, puts one of the European
Union’s most experienced deal brokers in contention for arguably
its most influential job, although Juncker, who once told a
conference he sometimes lied and favoured “secret, dark
debates”, has alienated some by his frankness.

Feb 26, 2014

EU shelves plan to shine light on tax paid by multinationals

BRUSSELS (Reuters) – Plans to make companies reveal how much tax they pay country by country were abandoned on Wednesday, knocking back the efforts of lawmakers who had pushed to curb tax avoidance by multinational businesses.

Schemes used by Starbucks (SBUX.O: Quote, Profile, Research), Apple (AAPL.O: Quote, Profile, Research), Amazon (AMZN.O: Quote, Profile, Research) and other corporations operating within the law to minimise their tax burden prompted heated public debate last year and a pledge by British Prime Minister David Cameron and others to tackle the issue.

Feb 25, 2014

EU lawmakers and member states agree bonus curbs for fund managers

BRUSSELS, Feb 25 (Reuters) – EU lawmakers and member states
agreed curbs on fund managers’ pay similar to new rules for
bankers on Tuesday, including a three-year deferral of 40
percent of bonuses, legislation that could be in place next
year.

The rules also stipulate that half of any cash bonus be
spent on a stake in the fund manager’s investment fund.

Feb 25, 2014

Italy and France to lag Germany in euro zone recovery

BRUSSELS (Reuters) – Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisis, the European Commission said on Tuesday.

In a departure from the gloom of recent years, Brussels slightly increased its growth prediction for the bloc’s 9-trillion-euro economy to 1.2 percent in 2014 from an earlier 1.1 percent.

    • About John

      "I am a Reuters correspondent in Brussels, writing about the European Union. I moved here last year from Germany, where I had reported about the financial crisis, turning up numerous scoops and even winning a prestigious business reporting award. Beforehand, I worked with The Sunday Times in London."
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