Germany can’t stop euro zone from sinking into longest recession
BRUSSELS/BERLIN (Reuters) – Germany’s economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.
Falling output across the bloc meant the 17-nation economy is in its longest recession since records began in 1995.
Europe pushes Switzerland to end bank secrecy
BRUSSELS (Reuters) – European Union finance ministers gave the green light on Tuesday to start talks with Switzerland and Liechtenstein about surrendering bank data, as Europe stepped up its fight against tax evasion.
The move, described as ‘historic’ by Germany’s Finance Minister Wolfgang Schaeuble, redoubles pressure on Switzerland to open up account details and will likely pave the way for Austria to ditch its own bank secrecy for foreigners.
“Exclusive: EU to warn China it may levy duties against Huawei – sources” – #China #Huawei http://t.co/F43OZwgXvU
EU agrees on China solar panel duties; Beijing urges dialogue
BRUSSELS, May 9 (Reuters) – The European Commission agreed
to impose punitive import duties on solar panels from China in a
move to guard against what it sees as dumping of cheap goods in
Europe, prompting a cautious response from Beijing which called
for further dialogue.
EU commissioners backed EU Trade Chief Karel De Gucht’s
proposal to levy the provisional duties by June 6 and make
Chinese solar exports less attractive, two officials said.
EU agrees China solar panel duties in boldest move yet http://t.co/xZXbFZbi8K via @reuters #China #EU #trade #solar
Canada says it may take EU to WTO over oil sands dispute
BRUSSELS, May 8 (Reuters) – Canada threatened on Wednesday
to take the European Union to the World Trade Organisation over
its plans to label Canadian oil sands as dirty, but promised not
to delay a bilateral trade pact.
The issue has overshadowed relations as Canada and the EU
try to deepen economic ties through a trade deal that could
generate $28 billion a year in new business and commerce.
EU agrees China solar panel duties in boldest move yet
BRUSSELS, May 8 (Reuters) – The European Commission agreed
on Wednesday to impose punitive import duties on solar panels
from China in its boldest move yet to protect against what it
sees as Chinese dumping of cheap goods in Europe.
EU Commissioners backed EU Trade Chief Karel De Gucht’s
proposal to levy the provisional duties by June 6 and make
Chinese solar exports less attractive in Europe, two officials
said, confirming news first reported by Reuters.
France to get more time to cut deficit as euro zone recession bites
BRUSSELS, May 3 (Reuters) – France will get two more years
to meet its budget deficit target because of the country’s poor
economic outlook within a recession-hit euro zone, the European
Commission said on Friday.
Presenting economic forecasts for the next two years, Olli
Rehn, the European monetary affairs commissioner, also confirmed
earlier statements that Spain would get the same leeway.
Exclusive: EU to propose duties on Chinese solar panels
BRUSSELS (Reuters) – The EU’s trade chief will recommend placing punitive import duties on billions of euros of solar panels from China, people close to the matter say, putting up a barrier to protect European producers but risking upsetting Beijing.
The case, the biggest the Commission has ever targeted, highlights the balancing act facing Brussels as Europe tries to protect against cheap imports while needing China, the EU’s second largest trading partner, to help it emerge from recession.
EU to propose duties on Chinese solar panels
BRUSSELS, May 3 (Reuters) – The EU’s trade chief will
recommend placing punitive import duties on billions of euros of
solar panels from China, people close to the matter say, putting
up a barrier to protect European producers but risking upsetting
Beijing.
The case, the biggest the Commission has ever targeted,
highlights the balancing act facing Brussels as Europe tries to
protect against cheap imports while needing China, the EU’s
second largest trading partner, to help it emerge from
recession.


