BRUSSELS, Nov 19 (Reuters) – Japan needs to open up its beer
market to European exports if Tokyo and Brussels are to agree
one of the world’s biggest free trade deals next year, according
to an EU document prepared for the next round of talks in
Japan and the European Union are seeking to strike a deal at
the end of 2015 but EU countries including France and Germany
question Tokyo’s willingness to change often little-known rules
and product specifications that Europe says serve as trade
FRANKFURT, Nov 17 (Reuters) – The European Central Bank’s
stimulus is gaining traction, but should it turn out that its
current efforts are not sufficient to accelerate the euro zone
recovery, the ECB is ready to do more, ECB President Mario
Draghi said on Monday euro zone growth momentum had weakened
over the summer, but the ECB’s policy steps and euro zone
countries’ reforms should still lead to a moderate recovery next
year and in 2016.
BRUSSELS, (Reuters) – European Union governments may agree to impose personal sanctions on more Russian-backed rebels on Monday in response to a separatist vote in eastern Ukraine, but are unlikely to discuss new steps against Russia itself until mid-December, officials said.
EU foreign ministers discussed how to respond to the Nov. 2 separatist election, which they say has no legal basis, as well as ways to launch reforms in Ukraine and engage Russia in finding a solution to the conflict.
BRUSSELS, Nov 12 (Reuters) – The new European Commission
president, Luxembourg’s Jean-Claude Juncker, took political
responsibility for his country’s tax practices on Wednesday,
saying he would fight tax evasion with more automatic exchange
of information between countries.
Juncker, 59, who was the tiny Grand Duchy’s finance minister
or prime minister for 24 years until the end of last year, has
avoided the media since a network of investigative journalists
reported last week that Luxembourg had granted sweetheart deals
to some 340 multinationals allowing them to avoid billions of
euros in tax.
PARIS/BRUSSELS (Reuters) – A senior aide defended European Commission President Jean-Claude Juncker on Monday against charges of having provided a haven for corporate tax avoidance in Luxembourg, saying the entire new EU executive was committed to stamping out tax evasion.
Juncker, 59, who was the tiny Grand Duchy’s finance minister from 1989 and prime minister in 1995-2013, has avoided the media since a network of investigative journalists reported last week that Luxembourg had granted sweetheart deals to some 340 multinationals allowing them to avoid billions of euros in tax.
BRUSSELS (Reuters) – Britain claimed victory on Friday in a budget battle with the European Union, saying it would pay only half of what Brussels had demanded, but EU officials said payment had merely been delayed and euro-sceptic critics accused ministers of deception.
“We have halved the bill, we have delayed the bill, we will pay no interest on the bill,” Britain’s finance minister, George Osborne, said as he left a meeting with his EU peers.
BRUSSELS (Reuters) – EU finance ministers will tell Britain on Friday that the only way to resolve a row over a surprise budget bill to Brussels is to pay in interest-free installments, officials said, but Britain’s finance minister insisted the bill was “unacceptable”.
Italy, which holds the EU’s rotating presidency, will present the installment compromise at a ministerial meeting in Brussels, seeking to give British Prime Minister David Cameron a way to save face over the 2.1-billion euro ($2.6-billion) bill.
BRUSSELS, Nov 6 (Reuters) – The EU’s new financial services
chief will set out his plans for a pan-European capital market
by the middle of next year, aiming to reduce companies’ reliance
on banks and help revive the bloc’s fragile economy.
Jonathan Hill, the European Commissioner for financial
services, said on Thursday he was seeking to create an
integrated capital market over the next five years and would
develop a plan by next summer following a consultation of banks,
lawmakers and non-governmental organisations (NGOs).