BRUSSELS (Reuters) – Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank’s target, showing the size of the challenge EU leaders are facing in their efforts to revive the bloc’s sickly economy.
Joblessness in the 17-nation currency area rose to 12.2 percent in April, Eurostat said on Friday, marking a new record since the EU’s statistics office started collecting data on the countries in 1995.
BRUSSELS (Reuters) – Brussels is taking Britain to Europe’s top court over its benefits rules, accusing it of denying thousands of EU citizens living in Britain the right to welfare – a claim London rejects.
The European Commission, the EU executive, said on Thursday that two years of talks had failed to resolve a conflict over Britain’s rules that require EU nationals to pass a special test to access a range of benefits including unemployment payments.
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.