Lessons of a Greek tragedy

by Barry Eichengreen

Had Greece quickly written down its debt burden by two-thirds in the first half of 2010, it could have gotten its economy moving again in no more than a year.

Business Jun 16, 2013

EU works out mandate for U.S. trade talks

The European Union worked around French objections to agree Friday on a free-trade negotiating mandate for sweeping talks with the United States that President Barack Obama wants to officially open this week. Under Friday’s deal, trade ministers at a meeting in Luxembourg agreed to ...

World | Focus Jun 14, 2013

European outrage over surveillance is tempered by necessity

by Frank Jordans

Indignation over revelations of U.S. electronic surveillance was sharp and predictable across Europe, a continent where privacy is revered. Yet anger was tempered by an indisputable fact: Europe wants the information that American intelligence provides. That dilemma was clear Wednesday, only days after leaks ...

Business Jun 8, 2013

ECB lowers outlook

The European Central Bank has cut its growth forecast for the troubled eurozone this year but said there are enough signs of improvement ahead that it didn’t need to cut interest rates further. The decision to hold off and wait for the economy to ...

Business Jun 6, 2013

EU imposes import duties on Chinese solar panels

The European Commission on Tuesday imposed anti-dumping duties on imports of Chinese solar panels, defying German-led opposition and dire warnings from Beijing the move could spark a trade war. “Today, the European Commission has decided unanimously to impose (punitive) tariffs” on Chinese solar panels, ...

Business Jun 5, 2013

EU to impose duties on Chinese solar panels

The European Commission on Tuesday imposed anti-dumping duties on imports of Chinese solar panels, defying German-led opposition and dire warnings from Beijing the move could spark a trade war. “Today, the European Commission has decided unanimously to impose (punitive) tariffs” on Chinese solar panels, ...

World Jun 1, 2013

EU to radically alter fisheries pact

The European Union agreed to drastically reform its fishing policy Thursday, aiming to end decades of overfishing that has depleted many species in its Atlantic and Mediterranean waters. The plan — backed by representatives of EU member states, the European Parliament and the executive ...

Business May 30, 2013

EU warns of duties on Chinese solar panels

The European Union’s trade chief vowed Tuesday to tax Chinese solar panels next month in the largest EU commercial dispute of its kind, while urging China’s exporters to boost prices in return for an eventual end to the tariffs. EU Trade Commissioner Karel De ...

World May 28, 2013

EU to let arms embargo on Syrian rebels lapse

EU foreign ministers agree not to renew the union's arms embargo on Syria, but say there is no immediate plans to send arms to the opposition.

Business May 24, 2013

EU summit ends banking secrecy

European leaders on Wednesday targeted a yearend deadline to do away with banking secrecy, hoping to recoup €1 trillion in lost tax each year to help beat recession and unemployment. However, British Prime Minister and current Group of Eight chair David Cameron, backed by ...

Politics & Diplomacy May 17, 2013

EU vote deals Cameron bloody nose

Prime Minister David Cameron has suffered a fresh blow to his authority, with around a third of his own party’s lawmakers voting against his delay on offering a referendum on Britain’s European Union membership. The lower house of Parliament on Wednesday rejected a motion ...

Politics & Diplomacy May 14, 2013

Tories in fresh EU turmoil

Prime Minister David Cameron is bracing for a fresh Conservative rebellion over Europe this week as about 100 of his party’s lawmakers look set to defy him in a parliamentary vote. Tory divisions over Britain’s membership in the European Union, never far below the ...