European Union Business News from EUbusiness.com
- EU, US free trade talks pick up pace — 17 July 2015, 21:43 CET
EU and US officials said Friday they had picked up the pace in talks on
the world's biggest free trade accord, although they did not discuss the
main sticking point -- investment protection.
- Nemtsov's daughter to receive million-euro Polish rights prize — 17 July 2015, 17:25 CET
Poland on Friday awarded the journalist daughter of slain Russian
opposition politician Boris Nemtsov a million-euro prize for championing
democracy and human rights.
- Juncker tells Cyprus to make peace now — 17 July 2015, 22:07 CET
Long-divided Cyprus has no better chance than now to strike a
UN-brokered peace deal, European Commission President Jean-Claude
Juncker told the Cypriot parliament on Friday.
- EU approves emergency loan for Greece — 17 July 2015, 21:45 CET
The EU approved a short-term loan for Greece Friday, allowing it to make
huge payments as early as next week to its international creditors while
a new eurozone debt bailout is being hammered out.
- German lawmakers back Merkel on Greece bailout plan — 17 July 2015, 17:28 CET
German lawmakers gave Chancellor Angela Merkel the green light to
negotiate a new bailout deal for Greece as EU members approved on Friday a 7-billion-euro bridge loan for the cash-strapped state.
- Austrian parliament backs Greek bailout talks — 17 July 2015, 14:12 CET
The Austrian parliament on Friday backed further talks with Greece over
a new bailout deal, after a heated debate between the ruling coalition
and the opposition which rejected the measures.
- Schaeuble says will 'do all to make last try' on Greece a success — 17 July 2015, 13:47 CET
Germany's Finance Minister Wolfgang Schaeuble on Friday urged lawmakers
to back a bailout plan for Greece, saying "we will do everything in our
power to make this last attempt a success".
- Bulgaria drops opposition to EU bridge loan for Greece — 17 July 2015, 13:22 CET
Bulgaria's Prime Minister Boyko Borisov said Friday his non-eurozone
country would no longer oppose an emergency bridge loan for Greece,
after being assured by Brussels it would not have to pay for its
- Majority of Finns oppose new Greek bailout: poll — 17 July 2015, 13:02 CET
More than half of Finns are opposed to a new bailout for Greece,
according to a poll published Friday, revealing a rift with lawmakers
who allowed the Finnish government to negotiate it.
- EU watchdog urges expanded pilot mental health checks — 18 July 2015, 18:59 CET
Europe's aviation watchdog on Friday recommended expanded mental health and medical checks of pilots after a rogue airman apparently deliberately crashed a Germanwings jet in March, killing all 150 people on board.
- Drop in euro forgeries in second half of 2014: ECB — 17 July 2015, 13:01 CET
The number of counterfeit euro banknotes withdrawn from circulation
decreased in the first six months of 2015, the European Central Bank
said on Friday.
- IMF's Lagarde urges debt restructuring for Greece — 17 July 2015, 12:09 CET
IMF chief Christine Lagarde on Friday stressed the importance of easing
Greece's debt burden for her institution to participate in the European
rescue package for Athens.
- Eurozone inflation outlook brighter: ECB survey — 17 July 2015, 12:10 CET
The inflation outlook for the euro area is improving as growth picks up
and the effects of the European Central Bank's policy measures feed
through into the economy, an ECB survey showed on Friday.
- Greece deal is 'hard' for all sides, 'last try': Merkel — 17 July 2015, 11:12 CET
Chancellor Angela Merkel told the German parliament Friday that the deal
for a third Greek bailout was hard for all sides but the last chance to
resolve the crisis.
- Merkel rallies German lawmakers to back Greece bailout plan — 17 July 2015, 12:55 CET
Chancellor Angela Merkel made an impassioned plea Friday to German
lawmakers to back a new Greece bailout deal that conforms to EU rules
and prevents "chaos" in the crisis-hit country.
- 'No home, no bathroom, no life': grim future for Athens homeless — 17 July 2015, 05:22 CET
On a bench beneath a fluttering Greek flag in front of an Orthodox
church, two homeless men are philosophising about the financial crisis
that has devastated their country and helped push them onto the streets.
- Greek banks to reopen after ECB extends cash lifeline — 17 July 2015, 11:27 CET
Greek banks will reopen Monday after the ECB boosted emergency aid to the crisis-hit country and eurozone nations agreed to crucial short-term funding, boosting hopes ahead of the key bailout vote in Germany.
- Merkel urges conservative MPs to back Greek debt deal — 16 July 2015, 23:27 CET
German Chancellor Angela Merkel and her Finance Minister Wolfgang
Schaeuble on Thursday urged conservative lawmakers to back a third debt
deal for Greece, on the eve of a key Bundestag vote on the new rescue
- Britain secures compromise on EU rescue fund for Greece — 16 July 2015, 23:22 CET
Britain on Thursday dropped its opposition to an emergency EU loan to
Greece after reaching a deal that would protect it and other non-euro
countries against potential losses, the government said.
- Lew presses need to achieve Greece debt sustainability — 16 July 2015, 22:52 CET
US Treasury Secretary Jacob Lew urged German and French counterparts
Thursday to ensure that the planned third bailout of Greece leaves the
country's debt position sustainable.
- Greece keeps banks closed until Sunday — 16 July 2015, 20:57 CET
Greece's finance ministry said in a statement it was extending the
closure of Greek banks until Sunday, prolonging a measure under capital
controls brought in at the end of last month.
- Rajoy urges Greece to seal debt deal 'as quickly as possible' — 16 July 2015, 21:37 CET
Spain's Prime Minister Mariano Rajoy urged Greece on Thursday to seal a
full international debt agreement "as quickly as possible" after Athens
agreed to new terms with its eurozone creditors.
- Athens vote begins to help 'rebuild trust': Dijsselbloem — 16 July 2015, 18:42 CET
Eurogroup chief Jeroen Dijsselbloem said Thursday tough reforms approved
by the Greek parliament is "a start to rebuild trust" as he called for
urgent foreign investment to help boost Greece's debt-ridden economy.
- ECB, Eurogroup give Greece breathing space after Athens vote — 17 July 2015, 00:28 CET
Eurozone ministers approved the launch of Greece bailout talks and the
ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed a tough reform package demanded by creditors.
- Merkel explains 'tough' asylum policies to crying girl — 16 July 2015, 17:54 CET
German Chancellor Angela Merkel faced a social media storm Thursday
after the release of a video showing her awkward interaction with a crying Palestinian girl threatened with deportation.