Senior correspondent, Brussels
Robin's Feed
Mar 5, 2013

Spain sees EU flexibility on deficit goals

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.

Mar 5, 2013
Mar 5, 2013

Britain’s Osborne set for lonely fight on EU bank bonus cap

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
shareholders agree.

Mar 5, 2013

Osborne set for lonely fight on EU bank bonus cap

BRUSSELS (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 shareholders agree.

Mar 4, 2013
Mar 4, 2013

France says will meet its deficit target in 2014

BRUSSELS (Reuters) – France, the euro zone’s second-largest economy, will miss its budget deficit target this year but can reach the goal in 2014, the country’s Finance Minister Pierre Moscovici said on Monday.

Under pressure to show budgetary discipline to the rest of the euro zone and reassure financial markets, Moscovici pleaded for understanding from the European Commission, the EU executive that is policing countries’ debts and deficits.

Mar 1, 2013

Low inflation, high jobless rate show euro crisis impact

BRUSSELS (Reuters) – Inflation fell in the euro zone in February and joblessness rose to an all-time high, highlighting the impact of the bloc’s debt crisis.

Annual inflation in the 17 countries sharing the euro was 1.8 percent in February, the EU’s statistics office Eurostat said on Friday, around the ECB’s target of below but close to 2 percent, and by more than expected.

Feb 28, 2013

Deepening social crisis threatens fabric of EU

BRUSSELS (Reuters) – The worst of Europe’s sovereign debt crisis may be over in terms of financial turmoil but the region now faces a social crisis that has potential to tear the European Union and its single currency project apart.

Political and economic analysts speaking at the Reuters Euro Zone Summit said the decision last September by the European Central Bank to buy government bonds in unlimited amounts set a floor under one part of the crisis, but did nothing to prevent worsening social strife.

Feb 27, 2013

EU trade chief hopes to clinch U.S. trade deal by late 2014

BRUSSELS (Reuters) – The United States and European Union cannot afford to let transatlantic trade talks fail after they are launched in June, the EU’s trade chief said on Wednesday, warning that both sides’ standing and prosperity in the world depended on their success.

Washington and Brussels will begin talks towards a deal encompassing half the world’s economic output just a few months after the EU launches talks with Japan in March, EU Trade Commissioner Karel De Gucht told the Reuters Euro Zone summit.

Feb 26, 2013

EU wins trade row with China, wants immediate action

GENEVA/BRUSSELS, Feb 26 (Reuters) – The World Trade
Organisation has backed the European Union’s challenge to
Chinese duties on X-ray scanners and Brussels demanded they be
removed immediately, saying it would not accept tit-for-tat
trade retaliation from Beijing.

China imposed duties of the security scanners from Europe in
2011 after Brussels imposed tariffs on Chinese cargo scanners in
2010, a response the European Union said was purely retaliatory
and broke global trade rules.

    • About Robin

      "Robin is a Brussels-based correspondent covering Europe's debt crisis, and editor of the euro zone page on reuters.com. He joined Reuters from the Financial Times in Mexico City in 2002, moving to Panama City and then to Lima, Peru, before heading back to Mexico to cover the U.S.-Mexico border. He led the drugs war coverage that was nominated for an Overseas Press Club award in the United States in 2010. Robin started out in Amsterdam at Dutch financial daily Het Financeele Dagblad as an English-language staffer."
      Hometown:
      London
      Joined Reuters:
      2002
      Languages:
      Spanish, French
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