BRUSSELS (Reuters) – Europe is discussing a range of options for short- and longer-term financial assistance to Ukraine, but any comprehensive package is only likely to take shape after elections in May and in coordination with the International Monetary Fund.
Ukraine’s finance ministry said on Monday it needed $35 billion to survive 2014 and 2015 and asked for the first payments to be made in the next one to two weeks, possibly alongside a donors’ conference.
BRUSSELS, Feb 20 (Reuters) – European Parliament President
Martin Schulz, a leading candidate to become the next president
of the European Commission, laid out his campaign proposals on
Thursday, saying it was essential to restore citizens’ trust in
the European Union.
Acknowledging that Europe had lost its way after four years
of economic crisis, Schulz, the German leader of the centre-left
Socialists and Democrats in the parliament, listed his campaign
goals as tackling youth employment, investing in renewable
energy and the digital economy, and strengthening education.
BRUSSELS (Reuters) – The European Union shifted course on Wednesday and moved to impose financial and travel restrictions on Ukraine after the death of two dozen protesters in Kiev, even though diplomats have doubts about the effectiveness of sanctions.
Having said less than a week ago that the time was not right for sanctions on President Viktor Yanukovich and his government, officials changed tack after a police crackdown in Kiev left at least 26 people dead on Tuesday.
BRUSSELS (Reuters) – Finnish Prime Minister Jyrki Katainen is determined to overhaul his economy, and cites Israel’s success as a “start-up” nation brimming with high-tech innovation as his model.
With just 5.4 million people, a world-class education system and an international mindset, Finland can be more nimble than many of its competitors at a time when its industrial output is in decline and productivity falling.
BRUSSELS (Reuters) – Euro zone economic integration may have reached its limits for now even though the 18-country monetary union needs a treasury to make it work better, the head of the influential Bruegel think-tank said on Friday.
Speaking at the Reuters Euro Zone Summit, Guntram Wolff said policymakers have used the sovereign debt crisis of the last three years to shore up the euro zone, but not impregnably.
BRUSSELS (Reuters) – If there’s one issue playing on the minds of EU leaders – perhaps even more than galvanizing their economies and tackling unemployment – it is May’s elections to the European Parliament.
Since the first direct vote was held in 1979, the five-yearly exercise has been regarded as a minor affair, with turnout falling at every turn, dropping to barely 40 percent at the last ballot in 2009.
BRUSSELS (Reuters) – If Britain’s opposition Labour party backs a referendum on membership of the European Union the chances of Britain leaving the EU will greatly increase, UK Independence Party leader Nigel Farage said on Wednesday.
Conservative Prime Minister David Cameron has promised voters an “in or out” referendum on EU membership by the end of 2017. Labour is considering whether to match that pledge, which polls suggest the electorate wants.
BRUSSELS (Reuters) – Imposing sanctions on Ukraine now would be a mistake and the priority should be creating the right conditions for a peaceful political transition, European Commission President Jose Manuel Barroso said.
In secret recordings released on the Internet last week, a senior U.S. official was caught disparaging EU policy on Ukraine and suggesting the bloc had been soft after Kiev’s decision to reject an EU trade deal and accept cheap loans from Russia.
BRUSSELS (Reuters) – Two weeks into his new job, the foreign minister of the Czech Republic is helping to project a more positive attitude towards the European Union, overturning years of skepticism that has at times pushed his country to Europe’s margins.
Attending his first EU foreign ministers’ meeting since being appointed on January 29, Lubomir Zaoralek said the new center-left government was determined to re-engage with Europe and show its commitment to joining the euro, even if it remains too early to set a date.
BRUSSELS (Reuters) – France must implement economic reforms to keep its side of a bargain with the European Commission which granted Paris more time to cut its budget gap in return, EU economics chief Olli Rehn said on Monday.
Last May, the Commission gave France two extra years to bring its budget deficit to within the EU limit of 3 percent of gross domestic product, rather than move towards fines for Paris for missing the original 2013 deadline.