BRUSSELS, Dec 10 (Reuters) – The European Union is
considering widening its ban on investment in Crimea to include
barring the sale of technology for oil and gas exploration and
stopping EU firms running tourist businesses there, according to
a draft document seen by Reuters.
The proposals, being worked on by EU officials, would also
ban EU citizens from buying or financing companies in Crimea, a
region of Ukraine which Russia annexed in March, prompting the
worst East-West stand-off since the Cold War.
BRUSSELS/HAVANA, Dec 9 (Reuters) – Cuba has delayed
negotiations towards an accord with the European Union aimed at
opening up the Communist-ruled island, citing a dispute over an
EU cultural event in Washington, people close to the matter said
The third round of talks, due to take place on Jan. 8-9 in
Havana, was scheduled to discuss human rights, always a
sensitive topic for Cuba, a one-party state that represses
dissent and controls the media.
BRUSSELS (Reuters) – France sought on Tuesday to keep alive a disputed financial transactions tax after 18 months of talks failed to produce a deal that would force banks blamed for causing the financial crisis to help pay for the clean-up.
Having missed a self-imposed year-end deadline to agree the broad outlines of the tax among the 11 euro zone countries that back the plan, France’s Michel Sapin told other finance ministers a deal was still possible early next year.
BRUSSELS (Reuters) – The European Union has drawn up a wish list of almost 2,000 projects worth 1.3 trillion euros ($1.59 trillion) for possible inclusion in an investment plan to revive growth and jobs without adding to countries’ debts.
Investment has been a casualty of the financial crisis in Europe, tumbling around 20 percent in the euro zone since 2008, according to the European Central Bank.
BRUSSELS (Reuters) – The European Union has drawn up a wish list of almost 2,000 projects worth 1.3 trillion euros ($1.59 trillion) that could be included in an investment plan intended to revive the continent’s stagnant economy without going deeper into debt.
Following a call by new European Commission President Jean-Claude Juncker, EU governments have submitted projects they hope will be chosen. They range from a new airport terminal in Helsinki to flood defenses in Britain, according to a document seen by Reuters.
BRUSSELS, Dec 8 (Reuters) – Eleven euro zone countries have
failed to agree broad outlines for a tax on financial
transactions by a self-imposed deadline, casting doubt on
whether the disputed levy can be implemented in early 2016,
diplomats said on Monday.
The plan, led by Germany and France but opposed by Britain,
aims to make banks share the cost of cleaning up Europe’s debt
and banking crisis. It is inspired by the “Tobin tax”, a scheme
to penalise short-term currency speculators proposed by Nobel
prize-winning economist James Tobin in 1972.
BRUSSELS (Reuters) – The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe’s malaise.
On the other side of the Atlantic, investors will continue placing their bets on a different but equally crucial event: when the U.S. Federal Reserve might raise interest rates.