Tag: Europe

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…

US tells Europe to step up its crisis response

May 27(EUObserver): US treasury secretary Timothy Geithner prodded European policy makers on Wednesday (26 May) to step up their efforts to restore eurozone stability.

Global recovery will continue despite euro crisis

FROM THE ECONOMIST INTELLIGENCE UNIT Despite the crisis unfolding in the euro zone, the world economy continues to recover. Recent indicators for the US and some emerging markets (particularly in Asia) have been strong, and the Economist Intelligence Unit sees…

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.

Spain economy: Fingers crossed

FROM THE ECONOMIST INTELLIGENCE UNIT Amid signs of increasing risk aversion in international financial markets, based in part on sovereign debt concerns in the euro area, spreads of Spanish government bonds over comparable benchmark German bunds have widened markedly in…

Leak exposes anti-EU feeling in UK’s Tory party

EUObserver Today @ 09:25 CET A confidential memo drafted by the British foreign ministry has indicated the depth of anti-EU feeling in the British Conservative party. The paper was written last week by UK officials in the form of a letter…

Euro area states agree €110bn loan for Greece

UOBSERVER / BRUSSELS – Eurozone states and the IMF have agreed a three-year lending package for Greece worth €110 billion. The decision taken by euro area finance ministers in Brussels on Sunday evening (2 May) follows months of market turmoil,…