BRUSSELS (Reuters) – China is seeking a fair, global system to tackle climate change and is about to make a joint announcement on the environment, Chinese Premier Li Keqiang said before a summit in Brussels with top European Union officials on Monday.
Expectations are high that China, the world’s biggest carbon emitter, is about to submit to the United Nations a promise to cut emissions ahead of U.N. climate talks late this year in Paris.
BRUSSELS/BEIJING (Reuters) – China promised the European Union on Monday it would hold on to its euro zone debt, Chinese state media reported, saying the Greek debt crisis was Beijing’s problem too.
The comments by China’s Premier Li Keqiang just before a China-EU summit in Brussels appeared aimed at soothing European financial markets that took fright at the growing risk that Greece will leave the euro.
BRUSSELS, June 29 (Reuters) – The European Union will
briefly put aside worries about Greece to broaden its relations
with China at a summit in Brussels on Monday, hoping for Chinese
investment in Europe’s new infrastructure fund and support for a
global climate deal.
As China seeks to move Sino-European ties beyond trade and
win a bigger role in international affairs, the European Union
is relieved to find a more cooperative partner, agreeing to play
down tensions that have bedevilled relations in the past.
ATHENS/BRUSSELS (Reuters) – Greece’s European partners shut the door on extending a credit lifeline to Athens, leaving the country facing a default that could push it out of the euro and cause ripple effects across the European economy and beyond.
Finance ministers of the other 18 countries sharing the euro met for the first time without Greece after flatly rejecting its pleas to extend an expiring bailout. The left-wing Syriza government had asked for an extension until after a July 5th referendum in which Greek voters would decide on whether to accept new, tough bailout terms that the government opposes.
ATHENS/BRUSSELS (Reuters) – Germany all but buried negotiations to keep Greece from default on Saturday, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left nothing to discuss but how to cope with failure.
Worried the country could default and even leave the euro zone, some Greeks queued up at cash machines to withdraw funds, though there were no signs of panic in Athens. Many sounded defiant, saying Tsipras had offered them an important chance to determine their own fate.
BRUSSELS, June 26 (Reuters) – Fractious European leaders
argued into the early hours on Friday over how to handle over a
migrant crisis in the Mediterranean, agreeing a plan to share
out the care of desperate people fleeing war and poverty in
North Africa and the Middle East.
Determined not to be dragged into negotiations over Greece’s
debt debacle at their summit in Brussels, leaders instead found
themselves sparring for seven hours about whether to take in
40,000 Syrian and Eritrean asylum seekers now in Italy and
Greece and another 20,000 people currently outside the EU.
BRUSSELS, June 25 (Reuters) – Italian Prime Minister Matteo
Renzi rebuked fellow EU leaders on Thursday for failing to agree
a plan to take in 40,000 asylum-seekers from Italy and Greece,
saying they were not worthy of calling themselves Europeans.
EU leaders are divided over a growing migrant crisis in the
Mediterranean and have largely left Italy and Greece to handle
thousands of people fleeing war and poverty in Africa and the
BRUSSELS (Reuters) – EU leaders will agree on Thursday to take in 40,000 asylum-seekers from Italy and Greece to confront a growing migrant crisis in the Mediterranean but delay a decision on how to share them out, according to a draft final summit statement.
Stung by the deaths this year of almost 2,000 migrants trying to reach Europe by boat, the European Union has promised an emergency response but not national quotas for housing people fleeing war and poverty in Africa and the Middle East.
BRUSSELS (Reuters) – European Union leaders faced a daunting list of crises as they began their summit on Thursday, notably migrants crowding in at their southern borders, Russia growling in the east, Britain’s threat to quit and a desperate need to create jobs.
But a battle of wills between Greece and its creditors that threatens to disrupt the euro single currency looked set to take up part of the 24-hour Brussels summit, despite frustrated leaders’ efforts to push the issue down to their weary finance ministers to solve.
BRUSSELS (Reuters) – Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week amid fears of financial market turmoil.
Euro zone finance ministers ended their third meeting in a week without agreement after the three creditor institutions put a final cash-for-reform proposal on the table in a showdown with Athens’s leftist government.