Tag: EU

Cablegate: EU no match for Kosovo partition threat

EUOBSERVER / BRUSSELS – The EU’s “low profile” mission in Kosovo and the “fatigue” shown by Europeans on the independence issue are failing to address the increasing threat of partition in the northern part of Kosovo, a fresh set of…

Gaddafi wants more money to prevent Europe becoming ‘black’

EUOBSERVER / BRUSSELS – African and European leaders exchanged barbed criticisms during the first day of an EU-Africa summit in Tripoli, Libya, on Monday (29 November), with contentious trade deals and migration issues among the hot topics. Libyan leader Muammar…

Dublin to unveil deep austerity plan as Germany warns euro ‘at stake’

EUOBSERVER / BRUSSELS – In a race against time, or at least against the ‘bond vigilantes’, the Irish government is to publish a stiff austerity plan on Wednesday afternoon whose drafting was supervised to by the EU-IMF troika. The plan,…

Slovakia to join EU-IMF fund, reject Greek loan

EUOBSERVER / BRUSSELS – The new Slovak government plans to back a €750 billion EU-IMF stabilisation mechanism for eurozone countries but is to back away from a separate euro-area countries’ bail-out loan to Greece. “The coalition parties have agreed [to…

Allegations of secret Colombian plan to undermine EU

EUOBSERVER / BRUSSELS – A group of MEPs is calling for action as further details of an alleged covert operation conducted by the Colombian intelligence agency (DAS) continue to emerge, with one of its reported aims being to undermine the…

Slovakia may hold up eurozone rescue fund

EUOBSERVER / BRUSSELS – The emerging new leadership in Slovakia has said the country will not contribute its share of the €110 billion rescue package for Greece. In addition, Bratislava is likely not to add its signature to the €750…

Britons Decidedly Reject Adopting the Euro

(Angus Reid Global Monitor) – Very few people in Britain are interested in adopting the euro as the national currency, according to a poll by Angus Reid Public Opinion. 79 per cent of respondents would vote against this idea in…

Europe economy: In with the kitchen sink

FROM THE ECONOMIST INTELLIGENCE UNIT Global stockmarkets, the euro currency and government bonds of fiscally weak euro area countries have rallied strongly in response to the latest emergency rescue package unveiled by European policymakers on May 10th, which over time…

Eastern Europe finance: Queuing up to join a sinking ship?

FROM THE ECONOMIST INTELLIGENCE UNIT Estonia has won European Commission approval to join the euro zone from the start of 2011, because it has met the Maastricht criteria. The Commission’s recommendation overrides the stated reservations of the European Central Bank and all…

Euro Zone Buys Time, Moves Toward Federalism

FRANKFURT (Dow Jones)–The massive European Union financial package should banish fears of government default and a collapsing euro, and was also a giant step toward a more federal Europe in the longer term.