ECONOMIC AFFAIRS

EU to help Russia modernise its economy

14.05.2010 @ 16:54 CET

The upcoming EU-Russia summit is to see the launch of a new initiative designed to help bring Russia's petro-dominated economy into the modern age.

EU budgetary proposals draw immediate rebuke

12.05.2010 @ 18:33 CET

European Commission proposals to step up economic co-ordination inside the European Union have drawn an immediate rebuke from Sweden, with Stockholm deeply unhappy over plans suggesting member states should scrutinise each others' national budgets ahead of national parliaments.

Estonia to join embattled eurozone next year

12.05.2010 @ 16:08 CET

Estonia is set to become the 17th country to join the euro area on 1 January 2011 after a positive European Commission report. The decision comes at a time of unprecedented financial turmoil inside the single currency bloc.

EU says not competing with Russia in eastern neighbourhood

13.05.2010 @ 08:43 CET

The European Commission on Wednesday assured Moscow that the EU's policy's towards its eastern neighbours is not a form of competition, with Brussels keeping the door open for "project-based" co-operation with Russia.

EU farming nations oppose Mercosur talks ahead of key summit

12.05.2010 @ 09:22 CET

A group of ten EU member states have indicated their opposition to the resumption of South American trade talks, just days before European and Latin American leaders are to sit down for a major summit in Madrid.

France attacks UK over attitude to bail-out fund

11.05.2010 @ 17:44 CET

Furious at the UK's refusal to participate in the eurozone bail-out, France has brusquely warned that Europe will not come to Britain's aid when - not if - the markets round on sterling.

Obama calls for 'resolute' spending cuts in Spain

12.05.2010 @ 09:26 CET

US President Barack Obama on Tuesday asked Spain for "resolute action" to stem its widening deficit, in order to regain market confidence in the eurozone and avoid a spill-over effect from Greece.

BLOGS

	Death of UK's Rainbow CoalitionBy George Irvin		Cameron+Clegg = bad for democracyBy Bruno Waterfield		Extraordinary timesBy Honor Mahony
	So what's that camera up there for By Gemma Galdon Clavell		Sta op en wandelBy Hajo Friedrich		Follow the subsidy-moneyBy Brigitte Alfter

China supports EU rescue amid export fears

11.05.2010 @ 17:38 CET

China has come out in support of Europe's recently agreed bail-out packages for Greece and other vulnerable eurozone countries, amid concerns the continent's weakened consumer demand and single currency could hit Chinese exports.

Obama phoned Merkel on euro bail-out

11.05.2010 @ 09:48 CET

US President Barack Obama telephoned German Chancellor Angela Merkel over the weekend to persuade her to agree to the €750 billion bailout package for the eurozone.

Barroso urges reform as shine fades on bail-out

11.05.2010 @ 17:40 CET

European Commission President Jose Manuel Barroso has called on member states to tackle the imbalances behind the eurozone's recent crisis, as the sheen on Europe's day-old financial support mechanism already shows signs of fading.

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Europe awaits fine print of Spanish austerity plan

10.05.2010 @ 18:08 CET

EU institutions are awaiting the fine print of Spain's plans for additional austerity measures first announced on Sunday, amid concern that Madrid's package may not be sufficient to calm markets and avoid a Greek-type scenario.

EU states back Israel's membership of OECD, despite concerns

10.05.2010 @ 17:45 CET

The 19 EU countries which are also members of the OECD have voted to let Israel join the prestigious economic club, but voiced worries that the move could hurt the Middle East peace process.

Trichet forced to defend ECB independence

11.05.2010 @ 09:28 CET

European Central Bank President Jean-Claude Trichet has mounted a vigorous defence of the bank's decision to purchase government bonds, insisting he did not give in to pressure from national politicians.

Mixed support for ECB bond purchases

10.05.2010 @ 15:56 CET

A decision by the European Central Bank to purchase government bonds for the first time has drawn a mixed reaction from analysts, while a EU announcement to set up a massive support mechanism for struggling governments has led to a strong rally in financial markets.

EU agrees massive support mechanism

10.05.2010 @ 09:29 CET

After months of ever-increasing turmoil, the European Union has decided to set up a massive economic defence mechanism amounting to half a trillion euros to protect weaker eurozone nations from market speculation.

SECTIONS

22:14 CET 15.05.2010

[Comment] Greece shows the dangers of big government

Any major EU aid to Greece might be seen as a sign that reform is not needed, in a negative contribution to the European...
Icesave vote a threat to global finance?

The people of Iceland face the prospect of a referendum on the deal their government cut with the UK and the Netherlands...
[Comment] How serious is the euro debt crisis?

Rationally speaking, just as a budget crisis in Delaware or California cannot bring down the US dollar, one in Greece or...
Battling the 'Multilateral Zombie' - EU climate strategy after Copenhagen

Sketching the outlines of an European Union strategy to battle what one think-tank has called the "multilateral zombie" ...
[Comment] Iceland is fully committed to honouring its obligations

The Icesave dispute should not jeopardise Iceland's long-term co-operation with the IMF or the EU accession process, wri...
[Comment] Dealing with Europe's China angst

Europe lacks a common voice on China precisely because it lacks strategic confidence in jointly shaping world affairs wi...
[Comment] The EU, the US and the Great Recession

Are we coming out of the Great Recession of 2008-10? Two pessimistic scenarios are possible: either the recovery will be...
[Comment] Responding to the crisis with green innovation

Nordic countries aim to counter protectionism and respond to the economic crisis by harnessing the need for innovation i...
[Comment] European economy in need of the right vitamins

It is crucial that interventions to stimulate the EU economy in the short run also strengthen competitiveness in the lon...

BLOG POSTS

Death of UK's Rainbow Coalition
By George Irvin
Cameron+Clegg = bad for democracy
By Bruno Waterfield
Extraordinary times
By Honor Mahony
So what's that camera up there for again???
By Gemma Galdon Clavell
The state that hates YOU
By Bruno Waterfield
Sta op en wandel
By Hajo Friedrich
EU bailout is built on a lie
By Bruno Waterfield
Crisis EU is an ideas free zone
By Bruno Waterfield
Music to MEPs' ears
By Honor Mahony
Police Code of Ethics: nothing to hide, nothing to fear... right?
By Gemma Galdon Clavell

EU to consider first stem-cell medicine

13.05.2010 @ 13:27 CET

Emea, the London-based EU medicines safety agency is to consider the first application for a stem-cell based treatment put forward by an undisclosed company, Reuters reports. Stem-cells can be used to treat spinal cord injury but are often harvested from human embryos, prompting ethical questions.

UK government faces EU 'crisis'

13.05.2010 @ 13:24 CET

The new UK government will next week face an EU "crisis" as new EU fiscal rules come up against the eurosceptic wing in the Tory party. A meeting on 20 May will consider if EU countries should submit national budgets for scrutiny by EU authorities. A decision on EU hedge fund rules is also pending.

Gul: Turkey turning away from EU

13.05.2010 @ 13:20 CET

Turkish President Abdullah Gul has told The Times that EU reluctance toward enlargement is leading Ankara to building closer ties with Islamic countries instead. "They need to decide whether the union is a closed entity, whether the current borders of the EU will define it for eternity," he said.

EU-Israel upgrade to stay on ice

13.05.2010 @ 13:18 CET

The EU is unlikely to upgrade diplomatic relations with Israel in line with a 2008 plan due to the ongoing difficult political context in the region, EU diplomatic sources have told the Jerusalem Post. "This is a political decision," the EU's ambassador in Tel Aviv, Andrew Standley, said.

Polish leader gets top EU integration award

13.05.2010 @ 13:15 CET

Polish leader Donald Tusk on Thursday in Aachen, Germany, received the city's prestigious Charlemagne Prize for his contribution to EU integration. "Much of what constitutes the European idea is concentrated in the person of Donald Tusk," German Chancellor Angela Merkel said.

Minister: Ukraine unlikely to cede control of Naftogaz

13.05.2010 @ 13:12 CET

Ukraine foreign minister Kostyantyn Gryshchenko has told the FT in an interview that Kiev is unlikely to cede its gas pipeline network to Russia, amid EU concerns of the country's recent "tilt" toward Moscow. “We would only enter into agreements that would serve our interests," he said.

UK halts trade in €500 banknotes

13.05.2010 @ 13:10 CET

British authorities have stopped currency exchange shops from trading in €500 notes, except for tourists selling the notes on arrival in the UK. Some 90% of the trade is related to organised crime, the BBC reports. "The €500 note is really the note of choice among criminals," a UK expert said.

Ashton at ease over new UK government

13.05.2010 @ 12:44 CET

EU foreign relations chief Catherine Ashton has told the BBC she expects to have good relations with the new Tory party-led government in the UK. The new eurosceptic UK foreign minister, William Hague, is "supportive" of her work, she said. "We're in touch with government departments all the time."

SPECIAL SECTIONS

Health

This section delves into the challenges confronting healthcare, this most cherished element of the European welfare state.

Education

The EU Jean Monnet programme has just celebrated its twentieth anniversary in helping universities set up departments and courses on European studies while another key programme, the 22-year-old Erasmus student exchange programme, needs an upgrade, one of its founders says. EUobserver turns the spotlight on the education sector.

Regions & Cities

This section takes a closer look at regions and larger cities throughout Europe.

China - EU business relations

As an official media partner of the 'Understanding China' project, EUobserver is devoting this special section to news and analysis of business relations between the EU and China.

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