BRUSSELS (Reuters) – The European Central Bank, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said on Wednesday, calling for bold steps beyond just interest rate cuts.
The 17-nation euro zone is suffering its longest economic downturn since its creation in 1999, weakened by public debt and banking crises that have nearly shattered the currency area.
BRUSSELS (Reuters) – The European Union’s trade chief bluntly told China on Tuesday it was wasting its time trying to put pressure on him to drop plans to impose punitive import duties on Chinese solar panels.
The European Commission, the EU’s executive, accuses China of flooding Europe with cheap solar panels sold at below the cost of production, and intends to impose duties.
BRUSSELS (Reuters) – A majority of EU governments oppose a plan to impose hefty duties on solar panel imports from China, a survey of member states showed on Monday, undermining efforts by Brussels to pressure Beijing over its trade practices.
The European Commission, the EU’s executive, accuses Chinese firms of selling solar panels at below cost in Europe – a practice known as “dumping” – and plans to impose duties, making it far harder for China to gain market share.
BRUSSELS, May 23 (Reuters) – European Union lawmakers voted
on Thursday to limit the scope of a proposed free-trade deal
between Europe and the United States, backing French demands to
leave out culture and potentially irritating Washington.
The European Parliament, which can veto EU trade accords,
voted 460 in favour and 105 against with 28 abstentions to limit
Brussels’ room for manoeuvre in talks on a deal that would
encompass almost half the world’s economic output.
BRUSSELS (Reuters) – The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions.
EU trade chief Karel De Gucht said on Thursday he would ask the European Union’s 27 countries to agree a negotiating mandate for a deal with China that would reduce barriers to each other’s markets and encourage new capital flows.