MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
With Europe’s economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.
BRUSSELS, Sept 11 (Reuters) – The EU will offer Russia more
time to adjust to a European trade pact with Ukraine, diplomats
say, moving to ease bilateral tensions over an accord at the
centre of the crisis in Ukraine as a ceasefire there takes hold.
Ukraine made an historic shift away from Russia in June by
signing a free-trade accord with the European Union, turning its
back on its old Soviet master and on a customs union with
Russia, Belarus and Kazakhstan. Rows over the pact triggered
unrest that toppled Ukraine’s Moscow-backed leader in February.
BRUSSELS, Sept 10 (Reuters) – Jean-Claude Juncker, the
incoming president of the European Commission, handed key
economic and financial responsibilities to French and British
members of a restructured, 28-strong team he unveiled on
French Socialist Former finance minister Pierre Moscovici
takes the key portfolio of economic and monetary policy, though
he will be supervised by former Finnish prime minister Jyrki
Katainen and former Latvian prime minister Valdis Dombrovskis.
BRUSSELS (Reuters) – European Union countries will discuss on Wednesday whether to implement new sanctions against Russia over its involvement in the Ukraine war, the European Commission said on Tuesday, as Kiev urged the 28-nation bloc to move without delay.
EU governments adopted new sanctions against Russia on Monday but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine, agreed last Friday, was holding.
BRUSSELS, Sept 9 (Reuters) – European Union countries will
discuss on Wednesday whether to implement new sanctions against
Russia over its involvement in the Ukraine war, the European
Commission said on Tuesday, as Kiev urged the 28-nation bloc to
move without delay.
EU governments adopted new sanctions against Russia on
Monday but delayed enforcing them to leave time to assess
whether a ceasefire in Ukraine, agreed last Friday, was holding.
BRUSSELS, Sept 7 (Reuters) – The euro zone’s struggle to
avoid another recession will take centre stage in the coming
week in the absence of major U.S. data, as investors mull
whether the ECB’s new asset-buying plan is a prelude to even
more radical steps.
While data from China may give clarity on a pattern of
uneven growth there, it is in Europe that the prospects for the
economy are most uncertain, although a ceasefire in Ukraine
could lift the mood and avoid new EU sanctions on Russia this
BRUSSELS/NEWPORT, Wales, Sept 5 (Reuters) – The European
Union slapped new economic sanctions on Russia on Friday, but
said they could be suspended if Moscow withdraws its troops from
Ukraine and observes a ceasefire.
Some provisions will make it harder for Russian state-owned
firms to raise finance in the EU. Diplomats expect them to hit,
among others, the oil company Rosneft and units of Gazprom,
though not the gas firm itself, a main supplier to the EU.
BRUSSELS, Sept 4 (Reuters) – European Union governments are
considering a pan-European market where smaller companies can
raise capital, in an effort to revive the stagnating euro zone
economy, according to a document prepared for a meeting of
finance ministers next week in Italy.
The euro zone’s faltering economic recovery will be at the
forefront of discussions at the two-day meeting in Milan from
Sept. 12. With interest rates already at record lows, ministers
are seeking more radical measures to help growth.
BRUSSELS (Reuters) – Envoys of European Union governments held further discussions on Wednesday on widening a ban on Russian state-owned firms raising capital in the bloc among a range of other sanctions, diplomats and officials said.
Following a decision by EU leaders at a weekend summit to prepare heavier penalties unless Moscow pulls forces from Ukraine, the European Commission, the EU executive, said it had completed proposals for what measures should be taken.