LUXEMBOURG (Reuters) – Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, a long-promised move that aims to break a downward spiral between bad banks and their indebted home countries.
Using the power of the 500-billion-euro bailout fund as a backstop for banks is aimed at restoring confidence in the sector, ravaged by three years of debt and financial crisis.
LUXEMBOURG (Reuters) – France cleared the European Union to launch free-trade talks with the United States on Friday after fellow EU members accepted its demand to shield movies and online entertainment from the might of Hollywood and Silicon Valley.
After 12 hours of talks, EU officials announced that the 27 EU trade ministers had finally agreed a negotiating mandate towards what could be the world’s most ambitious trade agreement.
LUXEMBOURG (Reuters) – France was adamant on Friday that it would block an EU free-trade deal with the United States unless its culture was shielded from the might of Hollywood and Silicon Valley.
Paris has refused to join the 26 other EU governments that want talks to start in July, unless television, movies and developing online media are left out of a deal.
LUXEMBOURG (Reuters) – The European Union will try to overcome French resistance to free-trade talks with the United States on Friday and keep alive plans for a deal that could boost their struggling economies by dramatically increasing transatlantic business.
Paris, which is trying to shield French-language culture from the global might of Hollywood, has refused to join the 26 other EU governments that want talks to start in July, unless movies and digital media are left out of any deal.
BRUSSELS (Reuters) – The European Commission is ready to give EU governments a much greater say in negotiations on film, TV, radio and Internet markets in a free-trade deal with the United States, an EU source said on Thursday.
France has opposed allowing access to these markets to be included in the proposed free-trade talks, concerned that French-language films, TV shows and music would be threatened by the power of Hollywood.
BRUSSELS (Reuters) – Europe is in a bind over what to do about Hungary and a feeling that the former Soviet satellite is drifting back towards authoritarianism under Prime Minister Viktor Orban.
In the next few weeks the European Union’s parliament and executive are due to pass judgment on changes to Hungary’s new constitution along with the Council of Europe, a broader body that promotes democracy and human rights on the continent.
BRUSSELS (Reuters) – The European Union is to impose duties on imports of Chinese solar panels from Thursday, but announced a dramatically reduced initial rate after pressure from some large member states in the hope of reaching a negotiated settlement with Beijing.
The EU says it has evidence that Chinese firms are selling their goods below cost – a practice known as dumping. But the initial duty of 11.8 percent announced on Tuesday by European Trade Commissioner Karel De Gucht was far below the average 47 percent that had been planned.