BRUSSELS, March 7 (Reuters) – The head of the European
parliament has come out firmly in favour of a trade deal with
the United States, soothing concerns that the increasingly
influential body could block a deal on which talks are due to
start in June.
Europe and the United States can create a free market of 800
million people and counter the growing power of China through a
transatlantic trade deal, the parliament’s Socialist head Martin
Schulz told Reuters on Thursday.
BRUSSELS (Reuters) – Britain was left isolated in Europe on Tuesday after it failed to secure backing to water down new EU rules limiting bankers’ bonuses, a measure that could threaten London’s dominance as a financial centre.
The rules, which would limit bankers’ bonuses to the equivalent of their salary, or two times their salary if shareholders agree, are set to be introduced next year and would represent the toughest bonus regime anywhere in the world.
BRUSSELS (Reuters) – Falling investment and consumers’ reluctance to spend even at Christmas were behind the euro zone’s slide deep into recession in the last three months of 2012, according to a second official estimate on Wednesday.
Economic output from the 17 nations sharing the euro fell 0.6 percent in the fourth quarter of 2012, EU statistics agency Eurostat said, confirming an earlier reading and giving a more detailed breakdown.
BRUSSELS, March 5 (Reuters) – Spain joined France on Tuesday
in pleading for more time to reduce its budget deficit, saying
it believed the European Commission was warming to the idea to
avoid deepening the country’s recession.
Echoing France’s position at a meeting of European finance
ministers on Monday and Tuesday in Brussels, Spain’s Economy
Minister Luis de Guindos said there was no point in forcing
Madrid into deeper cuts when the country was taking action and
its credibility with markets was no longer in doubt.
BRUSSELS, March 5 (Reuters) – Britain’s finance minister
will have a first chance to challenge plans in Brussels to cap
bankers’ bonuses at a meeting on Tuesday, but he is unlikely to
find enough support from fellow EU ministers to block a measure
popular with voters.
European Union diplomats and the bloc’s parliament agreed
new rules last week that would prevent bankers from receiving
bonuses bigger than their base salaries from next year. The
bonus cap can rise to twice the size of the salary if