Senior correspondent, Brussels
Robin's Feed
Apr 22, 2013

Era of austerity has run its course – EU

BRUSSELS (Reuters) – France and Spain fell short of their budget deficit goals last year and debt levels swelled across the euro zone but the pressure may be easing on Paris and Madrid as the European Commission signals an end to sharp spending cuts.

Outlining the state of Europe’s accounts in 2012, the EU’s statistics office Eurostat said on Monday that France posted a deficit of 4.8 percent of economic output, higher than its 4.5 percent target. Spain’s shortfall was the largest in the EU.

Apr 22, 2013

EU agrees mortgage law to avoid more housing bubbles

BRUSSELS, April 22 (Reuters) – EU countries reached a deal
with the European Parliament on Monday on the bloc’s first
common rules on mortgage lending, in an attempt to avoid a
repeat of property bubbles that helped fuel the euro zone’s debt
crisis.

Once written into European Union law, the rules will force
lenders in Europe’s 6.5 trillion euro ($8.5 trillion) mortgage
market to check the creditworthiness of potential customers and
their ability to repay, banning self-certified or “liar” loans.

Apr 22, 2013

Era of austerity has run its course, EU says

BRUSSELS (Reuters) – France and Spain fell short of their budget deficit goals last year and debt levels swelled across the euro zone but the pressure may be easing on Paris and Madrid as the European Commission signals an end to sharp spending cuts.

Outlining the state of Europe’s accounts in 2012, the EU’s statistics office Eurostat said on Monday that France posted a deficit of 4.8 percent of economic output, higher than its 4.5 percent target. Spain’s shortfall was the largest in the EU.

Apr 22, 2013
Apr 22, 2013

Canada trade talks stalled, overshadowed by U.S

BRUSSELS/OTTAWA (Reuters) – Talks to wrap up a multi-billion-dollar free trade deal between Canada and Europe have stalled, diplomats said, raising concerns the agreement could be put on hold as Brussels switches its attention to a much bigger pact with the United States.

The Ottawa-Brussels negotiations to open up access to each others’ economies were launched in 2009, and were originally presented as a straightforward bid to reinvigorate growth and generate around $28 billion in trade and new business a year.

Apr 22, 2013
Apr 22, 2013

France, Spain miss deficit goals; EU seeks focus on growth

BRUSSELS (Reuters) – France and Spain fell short of their budget deficit goals last year, data showed on Monday, although the overall fiscal picture for the euro zone improved.

France’s 2012 budget deficit was 4.8 percent of economic output, statistics office Eurostat said in the final reading of all 27 countries’ public accounts. It compared with a target of 4.5 percent.

Mar 28, 2013
Mar 28, 2013

Red-tape Belgium falls behind euro zone peers

CHARLEROI, Belgium, March 28 (Reuters) – Just a day after
giving birth, Belgian entrepreneur Esmeralda Desart was back at
work running her export business, putting in the kind of 16-hour
day that has become the norm since she started up a company
selling printer parts in 2007.

Refused bank loans, looking after a baby was just one more
concern as Desart confronted the problems of red tape and rising
costs that entrepreneurs say are making her homeland at the
heart of the euro zone a bad place for business.

Mar 25, 2013

Japan-EU agree to free trade talks; autos a flashpoint

TOKYO/BRUSSELS, March 25 (Reuters) – Japan and the European
Union agreed on Monday to launch talks on one of the world’s
most ambitious trade deals despite opposition from European
carmakers, a test of how far both sides are willing to go in
their hunt for economic growth.

Japanese Prime Minister Shinzo Abe, European Commission
President Jose Manuel Barroso and European Council President
Herman Van Rompuy discussed the plan by phone after Brussels
postponed an EU-Japan summit scheduled in Tokyo due to the
crisis in Cyprus.

    • 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."
      Joined Reuters:
      2002
      Languages:
      Spanish, French
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