BRUSSELS/BRASILIA (Reuters) – While much of Brazil is focused on hosting next year’s soccer World Cup and the Olympic Games in 2016, an event of far longer-lasting economic significance is bubbling below the surface.
If all goes to plan, Brazil will sign its first major free-trade agreement next year, 15 years after talks were first launched with Europe on an ambitious deal. Such pacts can bring sustainable wealth while sporting events tend to engender only short-term and sometimes money-losing prestige.
BRUSSELS (Reuters) – The first fall in euro zone unemployment in almost three years coupled with rising prices gave fresh momentum to an economic recovery, but a growing rift between the bloc’s haves and have-nots continued to widen.
The improvement is a welcome sign that the euro zone’s rebound is picking up steam, more than five years after a financial crisis erupted that forced five countries, from Cyprus to Spain, to seek emergency aid from their neighbors.
BRUSSELS, Nov 28 (Reuters) – Most Europeans felt more
optimistic about a recovery in the euro zone in November, but
pessimism in France underlined the sluggish performance of the
bloc’s second-largest economy.
Economic sentiment in the 17 countries using the euro
strengthened by 0.8 points to 98.5 in the seventh straight month
of gains, according to a European Commission survey on Thursday,
beating economists’ expectations.
BRUSSELS (Reuters) – The European Union backed down on Wednesday from threats to suspend agreements granting the United States access to European data, rejecting calls for a tougher stance over alleged U.S. spying.
The move marks an abrupt about-turn for the European Commission, the EU executive, after warnings it issued in July to U.S. officials following revelations that Washington had spied on European citizens and EU institutions.
BRUSSELS (Reuters) – The European Parliament will agree on Wednesday to scrap its second headquarters in Strasbourg and end what lawmakers say is a 200-million-euro-a-year travelling circus between the French city and Brussels.
But France, keen to keep a symbol of its status as a founding member of the European Union, is likely to veto the decision when it is taken before national leaders.
BRUSSELS/FRANKFURT (Reuters) – All policy options are open for the European Central Bank and it has discussed the broad possibility of asset buying, its vice-president said, as the OECD urged it to consider such action to aid a weak recovery.
Paris-based think tank the Organization for Economic Cooperation and Development called on the ECB on Tuesday to emulate U.S.-style quantitative easing, or QE, to help the single currency area avoid a Japanese-style deflationary spiral.
BRUSSELS/FRANKFURT (Reuters) – A leading international think-tank urged the European Central Bank on Tuesday to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery.
One of the bank’ hawks, Joerg Asmussen, said separately that more action was possible, but only if deemed necessary.
BRUSSELS, Nov 19 (Reuters) – The European Central Bank must
consider buying government and corporate bonds to help the euro
zone avoid a Japanese-style deflationary spiral, the OECD said
It was a direct call for the ECB to undertake quantitative
easing (QE), a policy that currently divides the bank, in the
face of what the think-tank said was a risk of deflation.