Business news and information from the European Union
- France has 'no concern' on EU budget deadline — 28 November 2014, 20:12 CET
France has no concerns about the European Commission's decision to
extend a deadline for Paris to meet public finance requirements despite
possible sanctions, the country's finance minister said Friday.
- Main points of investment plan to revive EU economy — 28 November 2014, 18:10 CET
New EU Commission chief Jean-Claude Juncker unveiled Wednesday an eagerly awaited 315-billion-euro ($393-billion) investment plan to "kickstart" the economy, saying it would show the world that Europe is back in business.
- EU gives France, Italy last chance to fix budgets — 28 November 2014, 17:57 CET
The EU on Friday gave France, Italy and Belgium an extra three months until March to fix their bloated budgets, but warned it would still enforce humiliating sanctions if they fail to curb spending.
- Cameron urges migrant curbs, warns on British EU exit — 28 November 2014, 17:53 CET
Prime Minister David Cameron on Friday promised tough curbs on welfare for EU migrants to counter a surge in arrivals and warned European leaders that resistance could put Britain's EU membership in doubt.
- Euro-MPs back Google break-up — 28 November 2014, 15:41 CET
The European Parliament voted overwhelmingly for the break-up of Google on Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year stand-off between Brussels and the US Internet giant.
- Juncker says Luxembourg 'had no choice' on tax — 28 November 2014, 15:40 CET
New European Commission chief Jean-Claude Juncker on Friday defended his country Luxembourg's controversial tax deals with global firms, saying it had no choice if it wanted to stay competitive.
- Eurozone inflation returns to five-year low — 28 November 2014, 15:38 CET
Inflation in the eurozone returned to a five-year low, official data showed on Friday, raising pressure on the European Central Bank to unveil even more steps to fight the threat of deflation.
- Ireland to repay IMF loans early thanks to recovery — 28 November 2014, 15:22 CET
Ireland will repay early 9.0 billion euros ($11.22 billion) of its
International Monetary Fund bailout loans by the end of the year on the
back of a solid recovery, the finance ministry said Friday.
- French PM defends budget as EU extends deficit deadline — 28 November 2014, 14:27 CET
France's budget is "the best balance to combine fiscal rigour and
economic stimulus", French Prime Minister Manuel Valls said Friday as
the EU extended a deadline for the country to meet deficit requirements.
- EU says no donors' conference for Ukraine until government delivers — 28 November 2014, 13:52 CET
EU neighbourhood commissioner Johannes Hahn said Friday that Ukraine's
new government "needs to deliver" on reforms before it can expect a
donors' conference to be held.
- EU ready to discuss UK migrant curbs 'calmly and carefully' — 28 November 2014, 13:24 CET
The European Union is ready to discuss British Prime Minister David Cameron's plans to curb welfare for EU migrants but any debate must be pursued "calmly and carefully", a spokesman said Friday.
- Germany insists on EU budget rules, but also 'solidarity' — 28 November 2014, 11:22 CET
German Finance Ministe Wolfgang Schaeuble urged eurozone countries on
Friday to stick to Europe's budget rules, but also to show solidarity to
partner countries in difficulty.
- EU gives time to rule-breaking France, Italy on budget — 28 November 2014, 11:01 CET
The European Commission was set to unveil a hard-eyed assessment of eurozone economies on Friday, but still give more time to France and Italy to fix their rule-breaking budgets.
- London Mayor Boris Johnson backs British PM on EU migration curbs — 28 November 2014, 05:47 CET
London Mayor Boris Johnson on Friday voiced support for Prime Minister
David Cameron's plan to slash migration from the European Union, but
said "talented people" should not be kept out of Britain.
- EU Parliament urges Serbia to crack down on war crimes suspect — 27 November 2014, 20:25 CET
The European Parliament on Thursday urged Belgrade, a candidate for EU membership, to crack down on Serb ultra-nationalist Vojislav Seselj who was released by a UN war crimes court for cancer treatment.
- EU urges Pakistan to push for repeal of blasphemy laws — 27 November 2014, 16:57 CET
The European Parliament called Thursday on Pakistan to overhaul its blasphemy laws with a view to repealing them, saying they were "increasingly used to target" Christians and other minorities.
- Economists urge 'complacent' Germany, meek France to reform — 27 November 2014, 16:00 CET
A top level economic report on Thursday urged European heavyweights France and Germany to implement urgent economic reforms, warning that Europe risked falling into a "stagnation trap".
- EU adds 18 Ukrainian separatist groups, individuals to blacklist — 27 November 2014, 15:56 CET
The European Union on Thursday added five separatist groups and 13 individuals to a blacklist for their role in elections this month in rebel-held eastern Ukraine, diplomatic sources said.
- EU takes France to task over protest death dam — 27 November 2014, 14:41 CET
The European Commission launched legal action against France on Wednesday over a controversial dam project that saw a young protester killed by a police grenade last month.
- ECB's Draghi calls for wage cuts to help the euro — 27 November 2014, 14:39 CET
European Central Bank chief Mario Draghi on Thursday called for an "adjustment of wages" in the eurozone to strengthen the viability of the single currency.
- Weak growth potential threat to financial stability: ECB — 27 November 2014, 14:38 CET
Tensions within the eurozone's financial system have subsided in recent months, but weak growth could pose a potential risk to stability further down the line, the European Central Bank cautioned on Thursday.
- Juncker survives confidence vote over tax scandal — 27 November 2014, 14:32 CET
Jean-Claude Juncker sailed through a European Parliament no confidence vote over the "Luxleaks" tax scandal Thursday, but the European Commission chief still faces awkward questions just a month into his new job.
- Juncker unveils giant plan to 'kick-start' Europe economy — 27 November 2014, 13:35 CET
European Commission chief Jean-Claude Juncker revealed a huge EUR 315 bn investment plan Wednesday to "kick-start" the stalling economy, although critics lamented the lack of any new money.
- Restructured Bank of Cyprus posts EUR 5 m Q3 loss — 27 November 2014, 13:22 CET
Bank of Cyprus, the island's largest lender, announced on Thursday it had made a five million euro loss in the third quarter as it restructured after a massive debt bailout.
- Juncker faces confidence vote — 27 November 2014, 11:10 CET
The European Parliament holds a confidence vote Thursday on Jean-Claude Juncker and his entire Commission over the "Luxleaks" tax scandal, in a symbolic but still damaging move less than a month into his five-year mandate.