BRUSSELS (Reuters) – Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks’ time, the European Commission will do exactly that as a new era of rigid fiscal surveillance begins in Europe.
In one of the most far-reaching responses to the region’s debt crisis, the Commission, the EU’s executive, will now run the rule over the budget plans of the 17 euro zone countries before they are fully digested by national parliaments.
BRUSSELS, Sept 17 (Reuters) – European Union countries will
agree next month to talks with China on a pact making it easier
to do business, possibly paving the way for a free-trade deal
between two of the world’s biggest markets, EU officials said on
Brussels and Beijing want to negotiate an accord to break
down barriers to each other’s markets and encourage billions of
euros of new investment between the two, in a push for better
ties after narrowly avoiding a trade war earlier this year.
STRASBOURG/BRUSSELS Sept 12 (Reuters) – Europe took a
significant step forward in its ambitions to create a single
banking framework for the euro zone on Thursday after EU
lawmakers granted new powers to the European Central Bank to
oversee the currency bloc’s banks.
The plan approved by an overwhelming majority of the
European Parliament will allow the ECB in Frankfurt to oversee
around 6,000 banks in the 17 euro zone countries.
BRUSSELS (Reuters) – A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc’s longest slump.
Stronger-than-expected growth from Germany to Portugal helped the bloc’s economy expand 0.3 percent in the April-to-June period, the European Union’s statistics office Eurostat said on Wednesday in its first breakdown of the data.
BRUSSELS, Aug 29 (Reuters) – Greece’s international lenders
will press Athens next month to transfer state-owned real estate
to a holding company managed by the euro zone to spur flagging
privatisation efforts, officials said on Thursday.
The plan, to be put to the Greek government by the troika of
lenders – the IMF, the European Central Bank and the European
Commission – in September, will propose creating a Greek-owned
holding company outside Greece and run by foreign experts.
BRUSSELS (Reuters) – The European Union has warned Beijing it has evidence Chinese solar companies benefit from illegal subsidies, people close to the issue said on Tuesday, but Brussels says it will not take action for now following a deal to defuse the row.
European companies accuse Chinese rivals of benefiting from unfair state aid allowing them to dump about 21 billion euros ($28 billion) worth of solar panels at below cost in Europe last year, putting European firms out of business.