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May 13, 2013

Europeans losing faith in EU, French disillusioned – survey

BRUSSELS, May 13 (Reuters) – Europe’s debt crisis has
shattered its citizens’ faith in the European Union and
increased distrust between core nations, although support for
the euro currency remains solid, according to a widely watched
study released on Monday.

In a survey of 7,600 people in eight EU member states, Pew
Research Center found rapidly declining confidence in the
European project and growing disagreements over key parts of it
between Germany, France, Britain and other major nations, a
dangerous combination that could splinter European unity.

May 8, 2013

Britain launches new drive to lift EU arms ban on Syria

BRUSSELS (Reuters) – The government has launched a push to have the European Union’s arms embargo on Syrian rebels lifted, saying doing so would strengthen the moderate opposition and ensure the EU could respond to any chemical weapons attack.

EU member states are sharply divided over easing the embargo for the rebels. Negotiations over whether to take such a bold step are expected to run until close to June 1, the expiry date of the existing sanctions against Syria. EU foreign ministers will meet to discuss the issue on May 27.

Apr 29, 2013

The maze behind EU “treaty change”

BRUSSELS (Reuters) – If there are two words that tense the jaws of European policymakers and prompt a concerned sucking of teeth, they are treaty change.

Like a nervous driver being told mid-route that he needs a different map if he’s going to get where he’s going, no one is sure whether the outcome will be road rage, a car crash or a smoother, if longer, journey.

Apr 29, 2013

Analysis: The maze behind EU “treaty change”

BRUSSELS (Reuters) – If there are two words that tense the jaws of European policymakers and prompt a concerned sucking of teeth, they are treaty change.

Like a nervous driver being told mid-route that he needs a different map if he’s going to get where he’s going, no one is sure whether the outcome will be road rage, a car crash or a smoother, if longer, journey.

Apr 24, 2013

Insight: What ever happened to France’s voice in Europe?

BRUSSELS/PARIS (Reuters) – A few hours after midnight one Sunday last month, as negotiations over a rescue for Cyprus dragged into a second day, French Finance Minister Pierre Moscovici fell asleep.

Most euro zone ministers in Brussels that night failed to notice, continuing to pore over the details of the multi-billion-euro deal. It fell to Christine Lagarde, French director of the International Monetary Fund, to approach Moscovici and nudge him awake, according to witnesses at the March 24 talks.

Apr 24, 2013

What ever happened to France’s voice in Europe?

BRUSSELS/PARIS, April 24 (Reuters) – A few hours after
midnight one Sunday last month, as negotiations over a rescue
for Cyprus dragged into a second day, French Finance Minister
Pierre Moscovici fell asleep.

Most euro zone ministers in Brussels that night failed to
notice, continuing to pore over the details of the
multi-billion-euro deal. It fell to Christine Lagarde, French
director of the International Monetary Fund, to approach
Moscovici and nudge him awake, according to witnesses at the
March 24 talks.

Apr 15, 2013

Greece set to win more bailout aid, may seek debt relief

BRUSSELS/ATHENS, April 15 (Reuters) – Greece received a
clean bill of health from its international creditors on Monday,
securing more rescue aid and prompting its finance minister to
say he would ask for much more debt relief if Athens keeps
meeting its bailout targets.

Athens is on course to contain its debt and pull itself out
of a crippling recession next year, the creditors said, adding
that the next disbursement of aid to the country, of at least
2.8 billion euros ($3.7 billion), should be approved soon.

Apr 12, 2013

EU losing 1 trillion euros a year to tax dodging

BRUSSELS (Reuters) – Tax dodging causes the European Union to lose around 1 trillion euros of income each year, the president of the European Council said on Friday as he announced that EU leaders would discuss the issue at a summit next month.

This haemorrhage of tax revenues is equivalent to the entire annual economic output of Spain, and far exceeds a total of about 400 billion euros committed to bailouts of euro zone members Greece, Ireland, Portugal and Cyprus in coming years.

Apr 12, 2013

EU loses around 1 trillion euros a year to tax evasion

BRUSSELS, April 12 (Reuters) – Tax evasion is causing lost
income of around one trillion euros a year in the European
Union, the president of the European Council said on Friday, and
EU leaders will discuss how to combat the issue at a summit next
month.

“We must seize the increased political momentum to address
this critical problem,” Herman Van Rompuy, who chairs meetings
of EU leaders, said in a statement broadcast on the Internet.

Mar 25, 2013

Cyprus to shape future euro bank rescues: Eurogroup head

BRUSSELS (Reuters) – A rescue program agreed for Cyprus will serve as a model for dealing with future euro zone banking crises and other countries will have to restructure their banking sectors, the head of the region’s finance ministers said.

The approach would mark a radical departure for euro zone policy after three years of crisis in which taxpayers across the region have effectively been on the hook for resolving problem banks and indebted governments via multiple rescue programs.

    • About Luke

      "Luke is bureau chief for Reuters in Brussels. The 25-strong, multimedia bureau covers all European Union issues, from trade, energy and agriculture to foreign policy, competition, regulation and economic affairs. The bureau is also responsible for coverage of NATO and Belgian politics, economics and company news. In his beat, Luke covers foreign affairs, with a focus on the Middle East and Iran, and writes about EU economic policy. He was previously based in London, where he was defence correspondent, and before that had postings in Jerusalem, Baghdad, Rome and Johannesburg."
      Joined Reuters:
      1997
      Languages:
      English, Italian, French, Spanish
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      Under Fire: Untold Stories from the Front Line of the Iraq War
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