BRUSSELS, July 8 (Reuters) – The euro zone must decide on
Monday how to keep Greece on a lifeline but is divided over
whether to delay aid payments to Athens in an attempt to force
through unpopular reforms ranging from sacking public workers to
selling state assets.
A split in Greece’s governing coalition over how to shrink
the country’s public sector has cast doubt upon Athens’ ability
to meet the demands of its bailout programme, although Finance
Minister Yannis Stournaras said on Sunday much had been done to
reassure international creditors.
BRUSSELS/SHANGHAI, July 5 (Reuters) – The European Union and
China are moving towards a deal to defuse a conflict over
alleged dumping of solar panels in Europe, officials from both
sides said on Friday, aiming to head off a damaging trade war in
goods from steel to wine.
The European Commission, the EU’s executive, accuses China
of flooding Europe with billions of euros of cheap solar panels
sold at below the cost of production, and has imposed duties
that will jump up to punitive levels in August.
BRUSSELS (Reuters) – Euro zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed on Monday, underlining the fragility of the bloc’s economic health.
Inflation in the 17-nation euro zone, which is suffering from its longest ever recession, increased to 1.6 percent year-on-year in June from 1.4 percent in May, the EU’s statistics office Eurostat said.
BRUSSELS, June 27 (Reuters) – The European Union agreed on
Thursday to force investors and wealthy savers to share the
costs of future bank failures, moving closer to drawing a line
under years of taxpayer-funded bailouts that have prompted
After seven hours of late-night talks, finance ministers
from the bloc’s 27 countries emerged with a blueprint to close
or salvage banks in trouble. The plan stipulates that
shareholders, bondholders and depositors with more than 100,000
euros ($132,000) should share the burden of saving a bank.
BRUSSELS, June 26 (Reuters) – The European Union will try on
Wednesday to heal a Franco-German split over sharing out the
costs of future bank failures under a regime to avoid taxpayers
having to fund yet more bailouts.
Finance ministers from the 27 member countries will start
what are likely to be tough talks in the evening after all-night
negotiations in Luxembourg last weekend broke down with Paris
and Berlin at odds on how to impose losses.
BRUSSELS, June 26 (Reuters) – The European Union will make a
fresh attempt on Wednesday to share out the costs of future bank
failures, starting a regime to spare taxpayers further bailouts
and maintain momentum to integrate the bloc’s crisis response.
Finance ministers from the bloc’s 27 countries will gather
on Wednesday evening for what will be tough talks, after the
all-night negotiations in Luxembourg last weekend that broke
down over a Franco-German split on how to impose losses.