BRUSSELS, Dec 18 (Reuters) – When 20 European Union leaders
gathered in Oslo’s sub-zero temperatures on Dec. 10 to celebrate
winning the Nobel Peace Prize, there was an unspoken item on the
agenda: banking union.
France and Germany planned to hold talks on the margins of
the prize-giving to see if they could find a deal that would put
the European Central Bank in charge of all euro zone banks.
BRUSSELS, Dec 13 (Reuters) – European leaders agreed to
press on with further steps to shore up their finances and
sustain momentum in tackling the debt crisis on Friday, a day
after clinching a deal on banking supervision and approving
long-delayed aid to Greece.
After more than eight hours of late-night talks at a summit
in Brussels, leaders promised to push ahead with setting up a
mechanism to wind down problem banks, although it was unclear
when the facility would be completed.
BRUSSELS (Reuters) – The European Union has scored a series of mini-victories in recent months and is ending 2012 in perhaps the best shape of the past four years, Finland’s Europe minister said on Thursday.
The European Central Bank’s promise to backstop euro-zone bonds, an agreement on forming a banking union, a deal to keep Greece afloat and the awarding of the Nobel Peace Prize have all helped buoy spirits after three years of near-relentless crisis.
BRUSSELS, Dec 13 (Reuters) – After a hectic year of crisis
management, during which Greece had a close brush with the euro
zone exit, European Union leaders aim to strengthen banking
oversight and work on wider reforms at their sixth summit of
2012 starting on Thursday.
With Silvio Berlusconi vowing to contest an Italian election
early next year, a full bailout of Spain still on the cards and
a German general election in September casting a long shadow,
2013 promises to be the EU’s fourth turbulent year in a row, and
that’s without mentioning Greece, Ireland or Portugal.
BRUSSELS/ATHENS (Reuters) – Greece’s bond buyback scheme failed to meet its target by a relatively narrow margin on Tuesday but still left international lenders with a 450-million euro hole in their plan to cut the country’s huge debts to a more manageable level.
Euro zone finance ministers will discuss the shortfall in the scheme, under which Athens is buying back government bonds from its private creditors at steep discounts, in a conference call later on Tuesday, officials said.
OSLO, Dec 10 (Reuters) – European Union leaders are likely
to give political backing for the European Central Bank to be
made the single supervisor of euro zone banks later this week,
EU officials said on Monday, even if the final details may not
be agreed until next year.
Leaders meet in Brussels on Thursday and Friday for their
last summit of the year, with the focus on setting up a ‘banking
union’ across the euro zone and wider EU, a plan built around
the ECB taking lead responsibility for banking oversight.
OSLO (Reuters) – The European Union received the Nobel Peace Prize on Monday, an award which some past winners called unjustified but European leaders defended for recognising the stability and democracy brought to the continent after two world wars.
Appropriately for a set of institutions with no single leader, the EU sent three of its presidents to collect the award at a ceremony in Oslo’s City Hall attended by 20 EU heads of state or government.
OSLO, Dec 10 (Reuters) – The European Union received the
Nobel Peace Prize on Monday, honoured by the Norwegian committee
which looked beyond Europe’s current malaise to recognise its
decades of stability and democracy after the horrors of two
Fittingly for an institution with no single leader, the EU
sent three of its presidents to the Oslo ceremony for the 2012
prize, wh ich critics including former Nobel laureate Desmond
Tutu say is undeserved.
OSLO (Reuters) – The European Union will receive the 2012 Nobel Peace Prize at a ceremony in Oslo on Monday, honored by the Norwegian committee for bringing decades of peace and democracy to Europe after the horrors and division of two world wars.
Looking beyond the current, deep malaise Europe finds itself in with slumping growth, soaring unemployment and countries unable to pay their debts, the Nobel committee has instead focused on what the EU has done over the past 60 years to reconcile the disparate, warring corners of the ‘old continent’.
BRUSSELS (Reuters) – European Union leaders will examine a detailed plan for completing a banking union and strengthening euro zone fiscal policy next week, with officials concerned that momentum is waning in tackling the debt crisis.
In a report prepared for a December 13-14 EU summit, policymakers have set out a three-step process they hope will strengthen economic and monetary union and help prevent a repeat of the problems that have threatened the survival of the euro.