BRUSSELS, June 27 (Reuters) – European leaders agreed on new
steps to fight youth unemployment and promote lending to
credit-starved small business on Thursday after deals on banking
resolution and the long-term EU budget gave their summit a much
The 27 leaders resolved to spend 6 billion euros over the
next two years to support job creation, training and
apprenticeships for young people, and to raid unspent EU budget
funds to keep the effort going thereafter.
BRUSSELS (Reuters) – European leaders unanimously backed a deal on the EU’s long-term budget at a late-night summit, European Council President Herman Van Rompuy said on Friday, after British concerns over its long-cherished budget rebate were soothed.
“When it comes to the EU budget, there is full agreement in the European Council,” Van Rompuy told a news conference, allaying concerns that the nearly 1 trillion euro package of spending measures could be derailed by a last-minute hitch.
BRUSSELS (Reuters) – A deal to finalize the European Union’s long-term budget hit a late snag at a summit of EU leaders on Thursday, after Britain objected to accounting changes that threaten to eat into its cherished budget rebate.
Earlier in the day, EU negotiators overcame opposition from the European Parliament to secure a political agreement on spending plans for 2014-2020 worth nearly 1 trillion euros ($1.3 trillion).
BRUSSELS, June 27 (Reuters) – European officials struck two
significant deals on banking resolution and their long-term
budget in last-ditch negotiations early on Thursday, giving EU
leaders a much needed lift before a summit on youth unemployment
After seven hours of talks that followed 18 hours of
unsuccessful bargaining last week, European Union finance
ministers finally agreed how to share the costs of future bank
failures among investors and wealthy savers.
BRUSSELS/PARIS (Reuters) – France cranked up criticism of the European Commission on Wednesday with one official calling its president Jose Manuel Barroso a lame duck and suggesting he should never have been appointed.
Stepping up a war of words that has rumbled for two weeks, the Socialist speaker of France’s lower house of parliament dismissed Barroso, a former center-right prime minister of Portugal, as a “casting error” who could not be relied upon.
BRUSSELS/PARIS (Reuters) – France cranked up its criticism of the European Commission on Wednesday, calling its president, Jose Manuel Barroso, a lame duck and suggesting he should never have been appointed to the powerful executive post.
Stepping up a war of caustic words that has rumbled for two weeks, the speaker of France’s lower house of parliament dismissed Barroso, a former centre-right prime minister of Portugal, as a “casting error” who could not be relied upon.
BRUSSELS (Reuters) – For the best part of a year, the minds of European policymakers have focused on one overriding issue – banking union.
By establishing stricter oversight of Europe’s banking sector and a unified system for dealing with any problems, they hope to draw a line under more than three years of debt and economic turmoil by separating countries from their banks.
BRUSSELS, June 11 (Reuters) – Two days of accommodation at a
lakeside golf hotel in Northern Ireland don’t come cheap – and
Britain has irritated its fellow Group of Eight states by
sending them hefty advance bills for the summit it is hosting
In charging 1,000 pounds ($1,600) for each delegate apart
from the leader and a chief adviser, Britain says it is only
doing what other G8 host countries have done.
BRUSSELS (Reuters) – Nearly two-thirds of French people think the European Union is headed in the wrong direction and more than half disapprove of President Francois Hollande’s leadership, according to a widely-watched survey released on Wednesday.
The poll, conducted in six EU countries by Gallup, also found most Britons want to leave the European Union, a higher figure than in other recent surveys. That is likely to fuel demands for an early British referendum on EU membership.
BRUSSELS (Reuters) – France and Germany have thrown their weight behind creating a permanent president for economic policy in the euro zone, a role that would mark a fundamental overhaul of how the currency bloc is managed.
Their backing calls into question the performance of Dutch Finance Minister Jeroen Dijsselbloem, who was appointed chairman of the Eurogroup of finance ministers of the 17-nation currency area in January, to serve initially for 2-1/2 years.