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EU News
IMF calls for European reforms
  • Howard Schneider and Anthony Faiola - Washington Post
  •   •  
  • March 20, 2010
The International Monetary Fund is pressing Europe to speed and deepen reform of its financial system, urging the continent to act more as a single economy even as disagreement intensified over how to...
Official Calls for European Solution to Greece’s Woes
  • Matthew Saltmarsh and Nelson D. Schwartz - The New York Times
  •   •  
  • March 20, 2010
The diplomatic posturing over who should assist financially trouble Greece continued late Friday. The European Commission president Jose Manuel Barroso told reporters in Brussels that the commissio...
Barroso confirms EU's readiness to aid Greece: reports
  • March 19, 2010
PARIS, March 19 (Xinhua) -- European Commission President Jose Manuel Barroso has told a French radio channel the European Union would extend aid to Greece if demanded, according to a transcript leake...
Portugal Shedding Assets to Trim Deficit
  • March 19, 2010
By Leigh Phillips - EU Observer Desperate to avoid becoming the eurozone's next debt crisis after Greece, the Portuguese government has announced a far-reaching programme of privatisation, cutting...
EU members' debt forecasts raise brows
  • David M. Dickson - The Washington Times
  •   •  
  • March 19, 2010
While Greece's budget shenanigans have been by far the most egregious, it turns out that Athens isn't the only European capital susceptible to fudging its economic forecasts and offering too few budge...
Greek labor union: Unions in Europe to take action if EU fails to help
  • Liang Yeqian and Maria Spiliopoulou
  •   •  
  • March 19, 2010
ATHENS, March 18 (Xinhua) -- Labor unions across Europe will take action as Greece is left alone in the economic crisis by other short-sighted European Union member states, Yannis Panagopoulos, presid...
Germany Split on Aid for Greece as Schaeuble Wary of IMF Help
  • Tony Czuczka and Brian Parkin
  •   •  
  • March 19, 2010
March 19 (Bloomberg) -- The German government is split over aid for Greece, with Chancellor Angela Merkel leaving the door open to an International Monetary Fund solution against the wishes of her own...
France rebuffs Germany: no treaty changes for EU economic reform
  • March 18, 2010
Brussels - Strengthening European Union economic governance and setting up aid mechanisms for Greece should not lead to an amendment of EU treaties, French Finance Minister Christine Lagarde said on T...
Germany backs IMF bailout for Greece
  • Quentin Peel in Berlin and Nikki Tait - Financial Times
  •   •  
  • March 18, 2010
Greece will have to turn to the International Monetary Fund if it needs financial assistance to back its austerity program, rather than to fellow members of the eurozone, the German government has dec...
Think tank warns that Greece, Spain, Portugal and Italy risk stagnation and deflation
  • The Associated Press
  •   •  
  • March 18, 2010
BRUSSELS (AP) - Greece, Spain, Portugal and Italy risk stagnation and deflation unless they cut wages to help generate economic growth, an economy think tank warned Thursday. The Centre for Europea...
EU Commission sues Greece over unrefunded taxes
  • March 18, 2010
BRUSSELS (Reuters) - The European Commission said on Thursday it was taking Greece to the European Court of Justice for failing to meet directives on refunding value-added tax and other taxes. "The...
France FinMin Lagarde:EU Leaders Will Take Decision On Greece
  • March 18, 2010
BRUSSELS (MNI) - Eurozone finance ministers have done their work on an emergency mechanism for Greece and the decisions now fall to the EU leaders and heads of state, known as the European Council, Fr...
Italy sees self as resilient to economic collapse
  • March 18, 2010
By COLLEEN BARRY (AP) MILAN — As Greece wins at least temporary respite from its debt troubles, will Italy be the next to face a crisis? The chronically underachieving nation is saddled with an...
Zapatero’s Bid to Avoid Greek Fate Hobbled by Regions
  • March 18, 2010
By Emma Ross-Thomas March 18 (Bloomberg) -- Prime Minister Jose Luis Rodriguez Zapatero’s drive to show Spain can avoid Greece’s fate is being held hostage by the country’s regional governments. ...
Merkel Urges Stricter Rules for Euro Zone
  • The New York Times
  •   •  
  • March 18, 2010
Chancellor Angela Merkel of Germany, adopting a harsher tone toward Greece than the one expressed by some other European leaders, said Wednesday that Europe needed better rules to police its members, ...
Germany risks having tables turned in Greek debate
  • March 18, 2010
LONDON (MarketWatch) -- To hear Berlin tell it, you'd think they were the ones who the market was attacking on Greece's debt woes. Chancellor Angela Merkel on Wednesday for the first time suggested...
Euro slips vs US dollar on renewed Greece worries
  • Gertrude Chavez-Dreyfuss
  •   •  
  • March 18, 2010
NEW YORK, March 18 (Reuters) - The euro weakened against the dollar on Thursday as a published report saying Greece was not optimistic about receiving aid from euro zone members heightened uncertainty...
EU's Barnier pledges to tackle speculators
  • John O'Donnell
  •   •  
  • March 17, 2010
BRUSSELS (Reuters) - The European Commission plans to propose controls on certain government debt derivatives as soon as June in an effort to crack down on speculation blamed for aggravating Greece's ...
The proposed EU Greek bail-out cannot simply bypass German law
  • Ambrose Evans-Pritchard - The Telegraph
  •   •  
  • March 17, 2010
Does nobody read German any more? Nearly all the reports on Europe’s bail-out for Greece appear to be coming from Paris, or Madrid, or sources within the Brussels apparatus determined to seize on the ...
Tourism no quick fix for Europe’s needy
  • Barry Hatton - The Associated Press
  •   •  
  • March 17, 2010
ESTORIL, Portugal - Tons of debt, but great beaches and warm weather. Can tourism help rescue Europe's financially troubled Mediterranean countries? The economies of Spain, Portugal, Italy, Greece ...
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