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Business news and information from the European Union

Bank of England admits to researching 'Brexit' risks 23 May 2015, 03:42 CET
The Bank of England revealed Friday that it is researching the economic risks of Britain leaving the European Union, just as Prime Minister David Cameron began negotiations with EU leaders ahead of a referendum on membership.

HRW calls for EU to press Gulf countries on activists 22 May 2015, 19:52 CET
Human Rights Watch on Friday urged the European Union to publicly call for the release of political activists imprisoned by Gulf countries, ahead of a ministerial meeting in Qatar.

Merkel says more work needed on Greek loan talks, analysts see deal 22 May 2015, 17:07 CET
German Chancellor Angela Merkel on Friday said more work is needed on marathon loan talks with Greece but analysts argue that both sides know there is no alternative to a deal.

Greek default: an unscripted tragedy 22 May 2015, 17:05 CET
If Greece ends up defaulting on its debt, a possibility most analysts still consider unlikely although Athens's coffers are nearing empty, it will look nothing like a court-supervised bankruptcy procedure for a company.

Cameron 'confident' of EU reform deal before UK referendum 22 May 2015, 17:04 CET
Prime Minister David Cameron said Friday he was "confident" of striking an EU reform deal to put before British voters by 2017 but warned of "ups and downs" in the process.

'Hello dictator,' Juncker says to Hungary's Orban 22 May 2015, 16:59 CET
European Commission head Jean-Claude Juncker teased Hungarian Premier Viktor Orban over his strongman reputation Friday, jokingly greeting him as "dictator" as he arrived at an EU summit in Riga.

ECB's Draghi lobs ball back to governments on reforms 22 May 2015, 16:27 CET
The economic skies above Europe are clearing after the long years of crisis and it is imperative that governments take advantage of this to get their economies in order, says European Central Bank president Mario Draghi.

'Grexit' poses medium-term risks to euro: Italy 22 May 2015, 13:37 CET
Greece crashing out of the euro, or 'Grexit', doesn't pose a short-term risk to the shared European currency but a medium-term one as it demonstrates that the union is not permanent, Italy's finance minister said Friday.

Top British scientists warn against EU exit 22 May 2015, 12:35 CET
A group of leading British scientists including Nobel-winning geneticist Paul Nurse warned leaving the European Union could threaten research funding, in a letter published in The Times newspaper on Friday.

French, German leaders hold talks with Greek PM in Riga 22 May 2015, 11:25 CET
Greek Prime Minister Alexis Tsipras held "friendly and constructive" debt talks with the leaders of France and Germany Thursday, but gave no sign of a breakthrough ahead of a crucial June deadline.

UK's Cameron to visit Paris, Berlin for talks next week 22 May 2015, 09:57 CET
Prime Minister David Cameron will travel to Paris and Berlin next week for talks as Britain seeks to renegotiate its relationship with the EU, British officials said Friday.

Merkel sets tough line at EU summit with eastern partners 22 May 2015, 09:47 CET
German Chancellor Angela Merkel told the EU's eastern partners Thursday not to expect too much of the bloc and warned Russia to mend its ways over Ukraine if it wanted to rejoin the G7 club of top nations.

Cameron makes British reform case to EU peers 22 May 2015, 06:47 CET
British Prime Minister David Cameron takes his case for far-reaching reform to his EU peers Friday as they meet six former Soviet states, some of whom would gladly swap places with London in the bloc.

British PM to start talks on EU renegotiation 22 May 2015, 01:12 CET
Prime Minister David Cameron meets European leaders in Latvia Friday to start talks that he admits will not be easy on renegotiating Britain's ties with the EU ahead of a referendum by 2017 on leaving the bloc.

Merkel, Hollande to meet Greek PM in Riga 21 May 2015, 21:22 CET
Greek Prime Minister Alexis Tsipras will hold talks with German Chancellor Angela Merkel and French President Francois Hollande on Thursday as an end of June deadline looms over a crucial debt deal for Athens.

Spain confident of Greek debt deal 'within coming days' 21 May 2015, 20:27 CET
Spanish Economy Minister Luis de Guindos said Thursday he expects Greece will reach an agreement with its bailout creditors in the "coming days" which would save the cash-strapped country from default.

Airbus flies into Britain's 'Brexit' debate 21 May 2015, 20:10 CET
European plane maker Airbus became the latest business heavyweight Thursday to come out in favour of Britain remaining part of the European Union, as a debate over a planned referendum intensifies.

Migration experts condemn 'perversion' of EU naval mission 21 May 2015, 18:57 CET
More than 300 leading migration experts denounced Thursday the European Union's plans for a military operation to fight people smugglers in the Mediterranean.

Europe migrant terror threat overblown: experts 21 May 2015, 16:32 CET
The arrest in Italy of a terror suspect posing as a boat migrant has fuelled nightmare scenarios of jihadist infiltration of Europe, but experts say the threat is overblown and attacks by homegrown extremists are more likely.

EU fears 'war crimes' after Syria's Palmyra falls to IS 21 May 2015, 15:57 CET
EU foreign policy chief Federica Mogherini on Thursday warned of potential war crimes in the UNESCO World Heritage site of Palmyra after Islamic State fighters seized the ancient Syrian city.

Greece's Varoufakis says 'respects' secrecy after taping claim 21 May 2015, 15:47 CET
Greek Finance Minister Yanis Varoufakis was forced to say he respected the confidentiality of debt talks with his European counterparts after a news report claimed he recorded an April meeting.

ECB sees no need to start tapering QE, minutes show 21 May 2015, 15:46 CET
The European Central Bank revealed Thursday that its governing council believes its contested bond purchase programme is working and there is no talk of scaling it back just yet.

ECB, under fire, changes rules over publishing speeches 21 May 2015, 14:31 CET
The European Central Bank announced Thursday that it has changed the way it publishes potentially market-sensitive comments by top officials after it came under fire over the issue earlier this week.

EU Parliament targets Thailand in boat people resolution 21 May 2015, 14:29 CET
Euro-MPs urged Thailand on Thursday to crackdown on smugglers and corrupt officials it said were responsible for the thousands of migrants stranded at sea, many Muslim Rohingya fleeing persecution in Myanmar.

EU, ex-Soviet states meet in Putin's shadow 21 May 2015, 12:52 CET
European Union leaders and six ex-Soviet states hold a summit Thursday focussed on the Eastern Partnership project, which was designed to bolster mutual ties but has been undermined by Russia's intervention in Ukraine.