BRUSSELS (Reuters) – A small team of financial experts from the European Commission will travel to Ukraine on Monday to assess exactly how much financial assistance it needs, EU officials said on Friday.
The team from the Commission’s directorate-general for economic and financial affairs is expected to meet Ukrainian finance ministry and central bank officials to determine what the country’s budget shortfall and capital needs are.
BRUSSELS (Reuters) – Europe’s political landscape will take clearer shape in the coming week as the two main centrist political groups select candidates for the European Commission presidency in U.S.-style “primaries” aimed at making the vote more relevant to citizens.
Attracting more public interest is seen as vital given polls pointing to a major increase in votes for far-left, far-right and anti-EU protest parties, venting discontent with years of economic crisis, rising unemployment and low growth.
BRUSSELS (Reuters) – The European Commission announced plans on Thursday to tackle one of the scourges of the modern age – games on tablets and mobile phones that allow adults and children to rack up vast credit card bills by making “in-app” purchases.
After concerns were raised by consumer groups in Denmark, Britain, Italy and Belgium, the Commission will hold talks with the industry, policymakers and consumer protection authorities on Thursday and Friday to consider clearer guidelines.
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.