Today: EUROPEAN UNION News, Dec 15, 2011

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Dec 15, 2011

EUROPEAN UNION News, Dec 15, 2011

Medvedev holds last summit with EU
AFP
BRUSSELS — Russian President Dmitry Medvedev held his last summit with EUleaders Wednesday, amid divergences over energy, Syria and Iran, and set against European demands for clean elections. As the eurozone canvasses financial support for its fight ...
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Europe's Latest Try
New York Times
Europe has learned the hard way that sustainable monetary union requires better coordination of national fiscal policies. Greece wrecked its finances by overspending, undertaxing and falselyreporting its budget numbers. But major leaders, especially ...
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Euro under pressure as EU summit optimism fades
The Associated Press
The markets' jitters reflect rising doubts about the deal European Union leaders reached at a summit last Friday in Brussels. The agreement requires the 17 countries that use the euro and nine other EU countries to balance their budgets and gives the ...
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The Associated Press
Draghi Sees EU Summit "Breakthrough", No Quantitative Easing
Wall Street Journal
By Tom Fairless BERLIN (Dow Jones)--European Central Bank President Mario Draghi praised the results of the European Union's latest summit as a "breakthrough" Thursday, and once more poured cold water on hopes that the ECB might ramp up its government ...
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A look at commonly asked questions and the latest developments in Europe's ...
Washington Post
European Union officials agreed deal at a summit in Brussels in the early hours Friday morning that they hope will save the euro. Thursday's developments: All EU nations but Britain agree to consider a new treaty that would impose much tougher controls ...
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S&P economist says time running out for EU: report
MarketWatch
Speaking at a business conference in Tel Aviv, Six said measures announced at last week's EUsummit marked a big step towards resolving the issue, but he sees "another shock required before everyone in Europe reads from the same page. ...
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Iran says EU will not impose oil sanctions
Reuters
"Our policy is sustainable supply of oil to Europe ... Iran is a major oil producer and any sanctions on our oil export would harm the global market," Qasemi told a news conference. Last week, EU foreign ministers agreed to develop new sanctions on ...
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EU 26 fight to stop pact unravelling
The Independent
Hopes of an early end to the eurozone's troubles were fading yesterday as Nicolas Sarkozy launched a personal attack on David Cameron amid growing signs that last week's agreement struck by the other 26 European Union countries without Britain is ...
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Poland Protesters Blast EU Plan
Wall Street Journal
By MARCIN SOBCZYK And GORDON FAIRCLOUGH WARSAW—Thousands of protesters marched through the heart of the Polish capital Tuesday night, shouting their opposition to the European Union's latest plans to rescue the euro zone and demanding that Poland's ...
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Wall Street Journal
EU top leaders defend "fiscal compact" in Parliament, stress for growth
Xinhua
European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso addressed the European Parliament in Strasbourg on the decisions taken at thelatest EU Summit. The EU leaders mainly discussed the new "Fiscal Compact", ...
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Moody's: EU sovereign ratings still under pressure
MarketWatch
The ratings company said that the announcement from last week's EU summit "offers few new measures and points out that many are similar to previously announced ones." European leaders committed on Friday to an inter-governmental treaty on tougher ...
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Renewables need not cost more: EU energy chief
Reuters
Guenther Oettinger was laying out the European Union's latest road map for mostly eliminating carbon from the fuel mix by 2050 and guiding investors beyond the Commission's existing set of energy goals. Green politicians and environmental groups ...
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EU summit optimism fades
Albany Times Union
(AP Photo/Armando Franca) FRANKFURT, Germany — The euro slid to an 11-month low and borrowing costs spiked Wednesday for heavily indebted Italy, as economic realities dispelled the lastwisps of optimism left about an EU deal aimed at containing ...
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AM Kitco Metals Roundup: Comex Gold Firmer On Corrective Bounce From ...
Forbes
February gold last traded up $9.60 at $1723.00 an ounce. Spot gold last traded up $12.10 an ounce at $1718.50. March Comex silver last traded up $0.532 at $32.07 an ounce. The latest news coming out of the European Union summit meeting in Brussels is ...
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EU Banks Taking Government Cash Seen Sparking 'Vicious Cycle'
BusinessWeek
The EU banks' capital holes are bigger than the EBA's latest estimate, Lachman said, citing a September IMF estimate of a 300 billion-euro risk based on more favorable prices for government bonds at the time. Because banks can't raise capital from the ...
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Kosovo: Convoy stranded despite EU, Russia deal
eTaiwan News
By NEBI QENA AP A Russian convoy carrying aid for dissident Serbs living in Kosovo's north was stranded Thursday at the border, despite a deal between the European Union and Moscow aimed at resolving its status. The dispute is the latest development in ...
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Latest Eurozone Debt Crisis Plan "Another Grand Illusion"
Money Morning
Last week's highly anticipated two-day summit resulted in 26 of the 27 European Union (EU) nations - the United Kingdom objected - agreeing to create a new treaty that would require members to keep budget deficits to within 0.5% of gross domestic ...
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Plight of Greece's banks due to poor European leadership
Financial Times
At the same time the banks are also engaged with the International Monetary Fund, the EU, the European Central Bank and international investors in the latest round of negotiations to define the details of a proposed 50 per cent haircut to be applied to ...
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Brussels agreements increase Germany's role in EU
Chicago Tribune
This amounts to a possibly dangerous wager on what the European Union will ultimately become, which all may not like. In Vienna last weekend, the World Policy Conference, founded by the French Institute of Foreign Relations (IFRI) as a vehicle of ...
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US Stock Futures Fall As Enthusiasm Over EU Fiscal Pact Fades
Wall Street Journal
Shares fell 7.3% to $37.60 in recent premarket trading. ING Monday announced plans to swap EUR5.8 billion in subordinated debt for senior loans and cash, becoming the latest in a string ofEuropean banks to exchange their own debt at discounted values ...
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IBM Settles Antitrust Case With EU
New York Times
This is the second case involving IBM, based in Armonk, New York, that has been closed by thecommission this year. In August, three companies dropped a separate complaint against the company regarding its mainframe computers. This latest inquiry ...
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EU: Last Week's Deal Important Foundation, Much Work Remains
NASDAQ
BRUSSELS -(Dow Jones)- Much work is still needed to implement last week's deal by European Union heads of government on new fiscal rules, a spokeswoman for European Commissioner President Jose Manuel Barroso said Monday. Pia Ahrenkilde-Hansen said last ...
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Europe's new fiscal integrity is a hard sell
MarketWatch
By Brett Arends, MarketWatch BOSTON (MarketWatch) — European Union leaders claimed theirlatest deal this weekend will usher in a new era of fiscal stability and strength. The problem is: That's what they said the last time. ...
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US threatens sanctions in Airbus battle with EU
Reuters
Last week the EU presented a plan to comply with a WTO appellate body ruling against European government support for Airbus in a case brought by Washington in 2004. A careful review of that document "appears to show that the EU has not withdrawn the ...
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Moody's, Fitch threaten eurozone on ratings
ABC Online
French president Nicolas Sarkozy said Britain's decision to veto the EU deal meant there were "two Europes". The eurozone was back in the firing line after last week's European Union summit deal afforded only a brief respite for wary financial markets, ...
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PRECIOUS-Gold steady as Europe uncertainty lingers
Reuters Africa
SINGAPORE, Dec 12 (Reuters) - Gold traded steady on Monday, after last week's European Unionsummit agreed on deeper economic integration but fell short of a convincing plan to address the two-year-old euro zone debt crisis. ...
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European Markets Trade Higher
NASDAQ
Fitch said it still believes the European Central Bank is the only truly credible "firewall" against liquidity and even solvency crises in Europe. "After the latest EU crisis meeting it is clear that politicians are responding to the eurozone sovereign ...
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Google's Motorola Mobility takeover: EU delays ruling
BBC News
Google said that it did not believe the latest news signalled that the deal would be blocked. "The European Commission has asked for more information, which is routine, while they review our Motorola Mobility acquisition," a spokeswoman said. ...
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BBC News
Asia-Pacific markets pare gains on weaker China export data, skeptical over EU ...
India Infoline.com
Investors are also like to hear word from Standard & Poor's on the latest EU summit because rating agency warned early this week that it could carry out a credit downgrade of EU's as well as euro zone countries en masse if their leaders fail to move ...
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Equities Sector Coverage: Wall Street Falls on New EU Downgrade Warnings
Equities.com
European stocks fell sharply on fresh doubts that measures reached at last week'sEuropean Union summit would be enough to keep the sovereign-debt crisis at bay. The FTSE 100 ended the day at 5442 – down 1.58%, the DAX ended the day at 5785 – down ...
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Equities.com
Financial Markets Should Be Very Pessimistic about Latest European Fiscal Pact
Forbes
Not surprisingly, the “solution” concocted by the latest gathering is not getting good reviews. What remarkable petulance and stupidity. The leaders of France and Germany have more or less bulldozed Britain out of the European Union for the sake of a ...
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Markets await Fed's economic assessment
Atlanta Journal Constitution
However, concerns over the ability of last week's deal undermined the currency once again, sending it down to 11-week dollar lows of $1.3055. "The financial markets are now digesting the details of the EU deal struck last Friday, and it is quickly ...
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Atlanta Journal Constitution
Net access: EU Survey Shows Geographic Divisions
Almost a quarter of the European Union's citizens have never used the internet, according to official research. The survey of 16- to 74-year olds by statistics agency Eurostat.
Latest news from our site
IBM reaches mainframe antitrust deal with EU | Regulation | ZDNet UK
By feedback@zdnet.co.uk (Editors)
NEWS. European regulators have accepted IBM's promises to work better with mainframe support rivals, putting an end to the EU's antitrust investigation into the company. European Commission. IBM has promised the European Commission it will work better with mainframe support rivals, ending an antitrust ... Get the latest technology news and analysis, blogs and reviews delivered directly to your inbox with ZDNet UK's newsletters. .... Report: RIM faces fresh challenges in Indonesia ...
Latest Articles in News and Analysis
EU rules prunes are not a laxative
This latest EU nonsense follows the decision in November that bottled water does not help dehydration, resulting in such claims being uniformly removed from bottled water. Sir Graham Watson MEP explained the rationale behind such euro ...
RSS Feed - Top Digital Journal News
EMCDDA | News release No 13, : Latest analysis highlights ...
Amphetamine: a European Union perspective in the global context ... You're a journalist and would like to receive our news releases by e-mail? ... Published today, the report describes how patterns and trends are changing in the production ...
www.emcdda.europa.eu/news/2011/13
Benelux European Union News - World News Report
Benelux European Union News. The Latest Benelux European Union News from World News Report. 1 - 30 / 26036 More Articles · EU launches new project on ...
world.einnews.com/news/benelux-eu
IES > News > Recent Trends in EU External Action in the Fields of ...
IES News. Recent Trends in EU External Action in the Fields of Climate, Environment, Development and Security. IES Report for the European Space Agency ...
www.envirosecurity.org/news/single.php?id=348
Fox Business - Latest News - EU to Discuss Strengthening ...
EU to Discuss Strengthening Eurozone Rescue Fund: Report. Dec 06, 2011 3:53 PM EST. U.S. stocks and the euro rose after a Financial Times report said ...
m.foxbusiness.com/quickPage.html?page=32811&external...
Italy European Union News - World News Report
Italy European Union News. The Latest Italy European Union News from World News Report. 1 - 30 / 65803 More Articles · Serbia: Tadic 'won't ever recognize ...
world.einnews.com/news/italy-eu
U.S. stocks mixed on new EU bailout fund -- Shanghai Daily | 上海 ...
Wednesday, 7 December, 2011 | Last updated 49 minutes ago ... 6 (Xinhua) -- U.S. stocks ended mixed Tuesday amid news reports that EU leaders may create ...
www.shanghaidaily.com/article/article_xinhua.asp?id=37081
Fox Business - Latest News - S&P: More Bonds at Risk on EU Crisis
The warning came before leaders of 26 European Union nations reached a ... S&P on Tuesday said that since its last report, it had removed 74 entities from its ...
m.foxbusiness.com/quickPage.html?page=32811...1
Sky News: US stocks open higher on EU news
A few hours earlier EU leaders meeting in Brussels on the eurozone crisis ... " Initial strength came amid reports of progress at the latest eurozone summit. ...
www.skynews.com.au/finance/article.aspx?id=694990...
State of the Innovation Union – Progress report issued by the ...
The European Commission has issued a comprehensive progress report on the ... comes after therecent celebration of the first anniversary of the Innovation Union. .... Subscribe to our RSS feeds to get the latest news, events and partner ...
www.enterprise-europe-scotland.com/sct/news/index.asp?...
Crude mixed in Asia as EU worries weigh - Latest news around the ...
An EU deal last week on closer economic coordination between member states ... that an end to the eurozone crisis was in sight, Phillip Futures said in a report. ...
news.ph.msn.com/business/article.aspx?cp-documentid...

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