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
- 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
- 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
- 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
- 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
- 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.