European Union Business News from EUbusiness.com
- Spain ruling party seeks pact on new antiterrorism measures — 13 January 2015, 16:50 CET
Spain's conservative government and the main opposition Socialists meet
Tuesday to agree on tighter security measures to fight Islamic extremism
in the wake of France's terror attacks.
- We can't prevent all attacks: EU anti-terror chief — 13 January 2015, 20:43 CET
The EU's counter-terrorism chief said Tuesday it is impossible to
completely prevent new Islamist attacks like those in Paris, and warned
that Europe's prisons have become a "massive incubator" for
- MEPs pass controversial GMO food law — 13 January 2015, 15:14 CET
Members of the European Parliament on Tuesday approved controversial legislation to allow EU Member States to decide for themselves whether to allow cultivation of Genetically Modified foods after years of bitter dispute.
- Greece could exit euro 'by accident' — 13 January 2015, 16:49 CET
Greece could exit the euro by accident, Finance Minister Gikas
Hardouvelis said Wednesday in a new warning of what could happen if
anti-austerity leftist party Syriza wins the election later this month.
- ECB ready to decide on QE by January meeting — 13 January 2015, 20:53 CET
The European Central Bank is not divided over the issue of sovereign
bond purchases and will be in a position to reach a decision this month,
ECB board member Benoit Coeure has told Die Welt in an interview.
- Eurogroup chief pledges to work with Greece after election — 13 January 2015, 11:27 CET
The head of the group of eurozone finance ministers promised Tuesday to
work with the winner of the upcoming Greek election, but urged Athens to
stick with austerity.
- Airline's collapse a new blow to recession-hit Cyprus — 19 January 2015, 16:00 CET
The collapse of Cyprus Airways nearly two years after a financial
earthquake shattered the economy has dealt a new blow to the
recession-hit Mediterranean island, experts said Monday.
- EU divisions could limit post-Paris terror measures — 13 January 2015, 15:17 CET
European nations have pushed for tighter anti-terror controls after last
week's Islamist attacks in Paris, but concerns about civil liberties and
intelligence sharing may limit their arsenal, analysts said Monday.
- Scuffles as Cyprus Airways staff protest airline closure — 12 January 2015, 17:36 CET
Axed Cyprus Airways staff scuffled with police on Monday during protests against the closure of the national carrier after it was deemed to
contravene EU state aid rules.
- Conservative elected Croatia's first female president — 12 January 2015, 18:58 CET
Conservative Kolinda Grabar-Kitarovic was elected Croatia's first female
president Sunday, narrowly winning a run-off election in which voters
punished centre-left leaders for failing to revive the country's ailing
- EU welcomes Haiti deal, urges 'fair and open' poll — 12 January 2015, 13:37 CET
The EU told Haiti's fractious political leaders on Monday to forget
their differences and ensure "fair and open" elections, five years after
a devastating earthquake hit one of the world's poorest countries.
- Greece to stick with euro if Syriza wins election: leader — 11 January 2015, 19:17 CET
Greece will stay in the eurozone while also fighting against the
politics of austerity "which is ruining Europe" if the radical left-wing
Syriza party wins this month's general election, its leader said Sunday.
- EU culture ministers vow to defend free speech after Paris attacks — 12 January 2015, 11:40 CET
Culture ministers from all 28 European Union nations vowed Sunday to
defend freedom of expression from "terrorists" in the wake of the
Islamist attack on French satirical magazine Charlie Hebdo.
- Weighing the costs for Europe if Greece exits the euro — 12 January 2015, 16:00 CET
A Greek exit from the eurozone would certainly come at a cost to Europe, but just how expensive would it be? Some analysts are worried that a 'Grexit' could ultimately cost Europe its single currency.
- UN to host Libya peace talks in Geneva next week — 11 January 2015, 14:06 CET
The United Nations announced Saturday a new round of peace talks in
Geneva next week between Libya's warring factions, as the European Union warned the country was at a "crucial juncture".
- Cyprus Airways closure 'unavoidable', government says — 12 January 2015, 11:41 CET
Cyprus defended on Saturday the decision to halt flights by its national
carrier, calling the closure of debt-laden Cyprus Airways "unavoidable",
as pilots vowed action against the government.
- Italy PM calls for EU intelligence agency after Paris attacks — 10 January 2015, 13:18 CET
Italy's Prime Minister Matteo Renzi called Friday for the European Union
to have its own intelligence agency following the bloodiest attack on
French soil in half a century.
- Cyprus Airways stops flying after EU ruling — 09 January 2015, 21:47 CET
Cyprus announced Friday an immediate halt to flights by its national
carrier, spelling its demise, after EU regulators ordered Nicosia to
recover illegal state aid granted to the holiday island's ailing
- EU state aid ruling threatens Cyprus Airways — 09 January 2015, 18:00 CET
EU regulators ordered Cyprus on Friday to recover about 65 million euros in illegal state aid from Cyprus Airways, a decision likely to force the struggling airline to close.
- Cyprus scraps control on businesses sending money abroad — 09 January 2015, 21:42 CET
Cyprus scrapped Friday its last controls on businesses transferring
funds abroad, another step toward abolishing draconian measures imposed in 2013 to avoid a run on banks.
- ECB examines different bond purchases models: report — 10 January 2015, 13:19 CET
European Central Bank staff have presented its governing council with
various models for a new asset purchase programme to ward off deflation in the euro area, Bloomberg reported on Friday.
- EU states call for plan to tackle Russian 'propaganda' — 11 January 2015, 14:09 CET
Britain, Denmark, Estonia and Lithuania on Friday urged Brussels in a letter to Federica Mogherini, the European Union's foreign policy chief, to prepare an EU-wide plan to tackle Russia's "propaganda campaign" amid tensions over Ukraine.
- EU Feb 12 summit to focus on anti-terrorism: Tusk — 09 January 2015, 11:05 CET
European Union's next scheduled summit on February 12 will focus on how to boost anti-terror efforts in the wake of the deadly Islamist attack
on the French satirical weekly Charlie Hebdo in Paris, the bloc's leader Donald Tusk said on Friday.
- EU sees 'positive signs' from Russia over Ukraine — 08 January 2015, 19:09 CET
The European Union sees some "positive signs" from Russia over the
crisis in Ukraine ahead of a mooted summit of key leaders in Kazakhstan,
the bloc's foreign policy chief Federica Mogherini said Thursday.
- EU ruling could ground Cyprus Airways: minister — 08 January 2015, 21:21 CET
Cyprus Airways could cease operations if the European Commission rules that the struggling national carrier received millions of euros in state aid illegally, the communications minister said Thursday.