Euro Zone

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EU "sucks up decision-making:" UK's foreign secretary

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LONDON - Britain is increasingly disillusioned with the European Union which it sees as a "machine that sucks up decision-making", Britain's foreign secretary said on Tuesday in prepared remarks.

Major trade powers using stealth protectionism: study

GENEVA - The world's biggest economies, especially the European Union and Japan are using protectionist policies that fly below the World Trade Organization's radar, according to a forthcoming study by two experts.

Syria says sanctions hurting its children

UNITED NATIONS - Sanctions imposed on Syria by the European Union, the United States and others over its 19-month conflict are "immoral and illegal" and harming Syrian children, the government wrote in a letter to U.N. Secretary-General Ban Ki-moon released on Monday.

Global shares falter, but U.S. stocks, euro gain

NEW YORK - Global stocks faltered on Monday on weak corporate results and outlooks, while the euro gained after a regional vote in Spain was seen as moving a solution to the euro zone debt crisis one step closer.

Clashes as Kosovo opposition protests over Serbia talks

PRISTINA - Police in Kosovo fired teargas and made dozens of arrests on Monday in clashes with opposition activists demonstrating against a new push by the European Union to improve ties between Serbia and its former southern province.

22 Oct 2012

Euro zone cut fiscal deficit in 2011, debt up

BRUSSELS - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday. | Video

22 Oct 2012

ECB's Constancio: no objections to minority protection at EBA

LONDON - Safeguards for countries outside the euro zone's banking union would not be problem for the European Central Bank, ECB Vice-President Vitor Constancio said on Monday, addressing British concerns with regards to the creation of a single banking supervisor in the euro zone.

22 Oct 2012

ECB's Constancio: conflict of mon policy, supervision overplayed

LONDON - The potential for conflict between monetary policy and supervision the euro zone's banks is exaggerated, European Central Bank Vice-President Vitor Constancio said on Monday.

22 Oct 2012

ECB needs regulation authority over all euro zone banks: Constancio

LONDON - The European Central Bank should have the authority to regulate all 6,000 banks in the euro zone, European Central Bank Vice-President Vitor Constancio said on Monday.

22 Oct 2012

Clashes as Kosovo opposition protests over Serbia talks

PRISTINA - Police fired teargas in Kosovo on Monday to disperse opposition activists demonstrating against a new push by the European Union to improve ties between Serbia and its former southern province.

22 Oct 2012

BRUSSELS AND THE DEBT CRISIS

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