BRUSSELS, Sept 26 (Reuters) – The EU’s economics chief put
aside any frustration with the pace of French reforms on
Thursday, telling France’s finance minister that his budget
plans were on track and avoiding mention of ballooning pension
Relations between Brussels and Paris have been tense since
the European Commission, the EU executive, told France to cut
spending and reform its pension system in return for a two-year
reprieve on meeting European budget targets.
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.