BRUSSELS (Reuters) – Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone gradually recovers from its worst crisis, the European Commission said on Tuesday.
In a departure from the gloom of the crisis years, Brussels slightly increased its growth prediction for the bloc’s 9-trillion-euro economy to 1.2 percent in 2014 from an earlier 1.1 percent forecast.
BRUSSELS, Feb 24 (Reuters) – Brazil and the European Union
agreed on Monday to lay an undersea communications cable from
Lisbon to Fortaleza to reduce Brazil’s reliance on the United
States after Washington spied on Brasilia.
At a summit in Brussels, Brazilian President Dilma Rousseff
said the $185 million cable project was central to “guarantee
the neutrality” of the Internet, signalling her desire to shield
Brazil’s Internet traffic from U.S. surveillance.
BRUSSELS, Feb 24 (Reuters) – Brazilian President Dilma
Rousseff pressed ahead on Monday with plans to lay an undersea
communications cable directly to Europe to reduce Brazil’s
reliance on the United States following reports that Washington
spied on Brasilia.
At the annual EU-Brazil summit, Rousseff is seeking to
define financing for the $185 million project that could be in
place next year in an effort to shield Brazil’s Internet traffic
from U.S. surveillance, EU and Brazilian officials said.
BRUSSELS (Reuters) – Euro zone consumer prices fell in January at their fastest ever pace on a monthly basis, dragged down by a slump in the cost of non-energy industrial goods, keeping annual inflation well below the European Central Bank’s target.
Inflation rate in the 18 countries sharing the euro dropped by 1.1 percent in January when compared with December, keeping the annual inflation rate at 0.8 percent for a second month in a row, the EU’s statistics office Eurostat said.
BRUSSELS (Reuters) – Eleven months before Barack Obama’s historic handshake with Raul Castro, Europe staged its own show of friendliness with Cuba. While little noticed, this gesture may end up doing far more to end the communist island’s isolation.
It all happened one hot January day last year at an EU-Latin America summit in Chile. Castro cheerily waved alongside European Commission President Jose Manuel Barroso for the official group picture and then, as the photo gathering broke up, German Chancellor Angela Merkel shook his hand.
BRUSSELS (Reuters) – The center left is likely to win the most seats in European Parliament elections in May, a survey showed on Wednesday, boosting the group’s chances of also winning the presidency of the European Commission.
The Socialists and Democrats, the second-largest group in the 751-seat parliament, will take 221 seats, a 14 percent improvement on their current standing, according to PollWatch, an analysis of opinion polls led by professors at the London School of Economics and Trinity College Dublin.
BRUSSELS, Feb 17 (Reuters) – Debt-laden Greece may have
achieved a better than expected fiscal outcome last year and
might meet the conditions for further disbursements from
international lenders in March, senior euro zone officials said
Greece, with a debt-to-GDP ratio of around 175 percent of
GDP, has been bailed out twice since 2010 by other euro zone
governments and the International Monetary Fund after being cut
off from markets because of unsustainable public finances.