Today: EUROPEAN UNION News, May 31, 2012

May 31, 2012

EUROPEAN UNION News, May 31, 2012

European Union Poised to Release Report Cards on Member Budgets
New York Times
But with the euro zone in financial flames, the newly strengthened budget review process is also a reminder of how slowly things move in official EU channels. Between the adoption of the new budget enforcement rules last autumn and this incremental ...
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WSJ: Countries That Use Euro Should Consider Setting Up 'Banking Union' -Report
Wall Street Journal
By Gabriele Steinhauser BRUSSELS (Dow Jones)--The 17 countries that use the euro should consider setting up a "banking union" that allows them to share the burden of bank failures, theEuropean Union's executive arm said Wednesday in a report on the ...
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EU Warns Of Economic Imbalances In 12 Member States
Wall Street Journal
"Spain and Cyprus are facing very serious imbalances, not least in their financial sectors, which need to be addressed as a matter of urgency," the EU economics chief said in a press conference after thereport was presented Wednesday.
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Europe ponders 'banking union' to avert further euro crises
Los Angeles Times
"Ambitious steps to accelerate and deepen financial integration may be needed," the European Commission, the regulatory body of the 27-nation European Union, said in a report urging central regulation of the entire Eurozone banking sector.
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GLOBAL MARKETS: European Stocks, Euro Move Off Lows, But Still Pressured
Wall Street Journal
The European Commission said in a set of reports Wednesday that the euro area's permanent rescue fund might be given permission to directly recapitalize the currency union's ailing banks and also called for the creation of a banking supervision union ...
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EU calls for 'banking union' to ease crisis
Bismarck Tribune
Already before the crisis, it was acknowledged that the EU model of cross-border banking was not stable," the Commission said in a report on how to deal with the financial crisis which has pushed the shared single currency to the brink of breakup.
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Eurozone braced for EU economic report cards
AFP
However the reports covering all 27 European Union states remain drafts likely to be watered down following discussions among the 27-strong cabinet of nationally-appointed commissioners. The one on Italy, for example, sees tough language struck out on ...
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AFP
China's Huawei and ZTE deny getting illegal subsidy
Reuters
By Lee Chyen Yee and Simon Johnson | HONG KONG/STOCKHOLM (Reuters) - China's top telecoms gear makers Huawei and ZTE denied receiving illegal government subsidies that helped them undercut rivals in recent years, after media reported the European Union ...
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EU Commission calls on Spain to raise taxes
MarketWatch
In the latest of a series of grim assessments of Spain's economic and fiscal condition, the EUCommission said the euro-zone's fourth-largest economy should deepen growth-friendly reforms, including further steps to kickstart a comatose labor market, ...
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The European Commission issues a euro zone report card
GlobalPost
The European Commission preaches pain for France and empathy for Spain. Oh, and Germans should be more flexible. A demonstrator with Spain's Indignant movement dressed as a banker burns a euro note during a rally at Puerta del Sol on May 15, ...
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EU ties next Greek visit to election, reform will
Reuters
"The date of the next review mission ... depends on the political outcome of the repeated elections," the European Commission said in a report on Wednesday. "The mission is provisionally scheduled to take place in late June/ early July 2012, ...
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Spain in focus as EU readies euro zone economic strategy
Reuters
By Jan Strupczewski and Francesco Guarascio | BRUSSELS (Reuters) - The European Commission will set out its economic strategy for the euro zone on Wednesday, spelling out measures to balance growth with unpopular fiscal consolidation that will be ...
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No country on euro-waiting list in shape to join :ECB
Reuters
FRANKFURT (Reuters) - None of the eight countries on the waiting list to join the euro are meeting the required standards at the moment, the European Central Bank's latest convergence report said on Wednesday. Before the debt crisis, European Union ...
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EU Warns On Economic Imbalances
NASDAQ
BRUSSELS -- Twelve European Union countries are suffering from macroeconomic imbalances that need to be corrected, with Spain and Cyprus being the most serious cases, the European Commission said in a report Wednesday. Of those 12, seven are in the ...
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EU Cautions France and Warns of Challenges in Spain
New York Times
BRUSSELS — The European Commission cautioned the new French president against overspending in trying to spur growth and warned that Spain still had a long way to go to restore market confidence, as it released its verdicts Wednesday on the performance ...
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Europeans lose faith in EU but few want to drop euro: survey
Reuters
A growing number of Europeans in Britain, France, Spain, Italy, the Czech Republic, Poland and Greece say integration has weakened their economies and question whether membership of theEuropean Union is a good thing, according to a report by the ...
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EU Commission Mulls Giving Spain More Time To Meet Deficit Targets
Wall Street Journal
BRUSSELS (Dow Jones)--The European Commission was considering Wednesday whether to recommend extending Spain's fiscal adjustment program by one year, two European Union officials said. The discussion was being held at the weekly European Commissioners' ...
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Beijing probing "illegal EU subsidies"
Xinhua
The remarks followed a recent report by the Financial Times. The EU is set, according to the report, to launch trade complaints and investigations against Chinese makers of mobile network equipment, including Huawei and ZTE, as soon as next month.
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EU calls for banking union, direct recapitalization of banks | The Republic
The Republic
BRUSSELS/MADRID (Reuters) - The European Commission advocated direct aid from a euro zone rescue fund to recapitalize distressed banks in a move that could eventually help Spain, the latest front in Europe's debt wars, overcome a worsening banking ...
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The Republic
EU throws Spain two potential lifelines
CNBC.com
BRUSSELS/MADRID (Reuters) - The European Commission threw Spain, the latest frontline in Europe's debt war, two potential lifelines on Wednesday, offering more time to reduce its budget deficit and direct aid from a euro zone rescue fund to ...
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EU De Gucht: Need To Resolve High-Tech Trade Problems With China Or Risk Legal ...
Wall Street Journal
But the EU's Trade Commissioner declined to confirm reports that the EU was preparing to launch a full-scale investigation into China's two leading telecommunications operators, Huawei and ZTE, for allegedly dumping products in the EU.
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US Stocks Still Lower As Spanish Bank Woes Stoke EU Debt Fears
Wall Street Journal
Separately, the European Union's executive arm said in a report that the 17 countries that use the euro should consider setting up a "banking union" that allows them to share the burden of bank failures. Meanwhile, euro zone economic sentiment fell ...
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EU Barroso: Want Calendar And Roadmap For Deeper Integration
Wall Street Journal
BRUSSELS (Dow Jones)--European Commission President Jose Manuel Barroso called again for deeper euro-zone integration Wednesday saying a roadmap and calendar for action needs to be established. In a press conference after presenting the results of the ...
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EU Council: Croatia On 'Right Track' For EU Membership
RTT News
(RTTNews) - The General Affairs Council of the European Union on Tuesday welcomed theEuropean Commission's monitoring report on Croatia's preparations for accession into the 27-member European bloc as well as the accompanying monitoring tables, ...
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China's Wage Costs Threaten Foreign Investment, EU Chamber Says
Bloomberg
Economists at China International Capital Corp., the nation's biggest investment bank, said last week they see expansion slowing to 6.4 percent in 2012 without policy stimulus. The EU is China's biggest trading partner and the country's largest export ...
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Bloomberg

Doctors group warns EU health care access shrinking
Access to health care is declining in Europe, and Greece in particular faces a humanitarian crisis as it cuts health and social spending, aid group Doctors of the World warned Thursday. ... Medical, health and wellness news ... in 2011 in Doctors of the World's clinics in Nice, Amsterdam, Brussels, London and Munich had not received the level of care appropriate for their conditions, while 79 percent of pregnant women had received no pre-natal care, the group said in a report. Doctors ...
Medical Xpress - latest medical...
European Medicines Agency Boosts EU Transparency With Online ...
The reports come directly from the European Union (EU) medicines safety database EudraVigilance, and are one of the many types of data used by regulators to monitor the benefits and risks of a medicine once authorised. The launch of the ...
Drugs.com - Pharma News
European Commission demands more austerity cuts in Greece
The Financial Mirror reported the European Commission issued a statement on May 30 saying "The date of the next review mission ... depends on the political outcome of the repeated elections" but adding the date could be revised if June's ...
RSS Feed - Latest Digital Journal News
ACP countries follow Ramotar's lead : Kaieteur News
By KNews
The decision by the EU's Parliament stems from amnesty law passed in Suriname's National Assembly last April, that pardons Suriname's president Desi Bouterse for crimes committed under his earlier military rule in 1982. Head of State Donald Ramotar this past ... According to internationalreports, Parmessar Rabin, leader of the Parliamentary delegation in Denmark, has in recent days been lobbying for the ACP countries to get behind Suriname. It is Rabin who is being credited with ...
Kaieteur News
GREEK NEWS AGENDA: EU Commission Report on Greece
By GRECEHEBDO
According to the European Commission Report on Stability and Growth in the Eurozone, unveiled yesterday, the Greek economy continues to contract and short-term growth rates have been revised downwards. The recovery announced for ...
GREEK NEWS AGENDA
EU Urged to Take Action on Improving Cow Welfare
The EU's own scientific agency, the European Food Safety Authority (EFSA), in a report publishedlast week highlighted once again the numerous welfare risks that exist in current beef production systems. ... The Council of Europe produced Recommendations for the keeping of cattle as far back as 1988 and still they have not been transposed into EU law. The OIE has now put further pressure on the EU and action must now be taken,” she concluded. TheCattleSite News Desk ...
TheCattleSite - Global Industry...
Already a Wild Morning as "Envisage" Enters the Lexicon « Market ...
By Mark Hanna
Then this morning at 7 AM a news report hit that the EU executive arm could 'envisage' a banking union. Futures ripped higher by nearly 1%, although some of that knee jerk reaction has been given back in the past 15 minutes. Which shows ...
Market Montage
Ramotar supports Bouterse, Suriname against EU ... - Kaieteur News
By KNews
According to reports from the EU, there is the belief that Bouterse is seeking to use such meetings in Suriname as a means of demonstrating to those opposed to him that he still gains international respect. The EU/ACP is the largest ... The decision by the EU's Parliament stems from amnesty law passed in Suriname's National Assembly last April, that pardons Suriname's president Desi Bouterse for crimes committed under his earlier military rule in 1982. Dutch Europarliamentarian ...
Kaieteur News
Grass defends Greece in latest poem - The Local
@siba: I could not comment to the article, due to consecutive messages not allowed (do not know why..) read this, it is very interesting http://www.euractiv.com/future-eu/schulz-eu-collapse-realistic-scenario-news-512370. Report abuse » ...
The Local - Germany's news in English
EURID released Q1 2012 Progress Report - DomainNews
By editor@domainnews.com (Domain News)
Eurid, the company behind . eu domain names , has recently released the Q1 2012 progress report. The reports revealed that . eu domain ... Domain Name News, Domain Industry News, ICANN News, Registry News · Home · Industry Events ...
Domain Name News, Domain Industry...
Eurozone braced for EU economic report cards - Latest news ...
Issued for only the first time since Brussels was given the power to fine spendthrift states, all eyes will be on Spain, Europe's fourth-biggest economy.
news.ph.msn.com/.../eurozone-braced-for-eu-economic-report...
European Union News Report - YouTube
EU news report we did for a project. ... Upgrade to the latest Flash Player for improved ...
www.youtube.com/watch?v=42BSZyxJfG4
Eurozone crisis live: EC calls for more effort from Spain and France ...
The European commission has released progress reports showing how the 27 ... But as eurozone CPI was last recorded at 2.6% year-on-year, buying and holding .... 1.27pm: Breaking news - Olli Rehn has said that the EC is prepared to ...
www.guardian.co.uk/.../eurozone-crisis-spain-progress-reports
EU news you can use Top stories | News in brief | Agenda ...
Good news if you're planning a beach holiday in Europe this summer. ... The latest EU bathing waterreport out today shows that water quality at Europe's most ...
ec.europa.eu/ireland/.../apr.../newsletter_24_may_2012_en.ht...
EU report attacks Italy | Storytracker | PoliticsHome
PoliticsHome - The latest political news, opinion and press releases live from ... A draft of theEuropean Commission report was obtained by the Financial Times ...
www.politicshome.com/uk/story/27042/
Eurozone braced for EU economic report cards - Yahoo! News ...
News Canada: Vulnerable eurozone giants brace Wednesday for annual ... Demonstrators march in Madrid last week to protest austerity measures imposed by … ... However the reports covering all 27European Union states remain drafts ...
ca.news.yahoo.com/eurozone-braced-eu-economic-report-car...
Draft EU Report Attacks Italy on Economy - European Business ...
Get up-to-the-second breaking news on the Facebook IPO, including in-depth ... significant progress towards overhauling Italy's economy since it came to office last year, ... The European Commission report, which is still in draft form and was ...
www.cnbc.com/.../Draft_EU_Report_Attacks_Italy_on_Econo...
Irish face high-stakes decision day on EU treaty | KRGV.com ...
Channel 5 News • Breaking News • Breaking Stories ... Ireland's referendum on the European Union fiscal treaty are arguing up to the last minute before voters ...
www.krgv.com/.../irish-face-high-stakes-decision-day-on-eu-tr...
Clean water at majority of EU holiday destinations — European ...
The results are from the latest annual Bathing Water Report of European Environment Agency (EEA) and the European Commission, which describes water ...
www.eea.europa.eu/pressroom/.../clean-water-at-majority-of
Global shares gain on reports of action over EU crisis - Yahoo! News
After last week's selloff, market participants are looking to an informal meeting of European Unionleaders on Wednesday for a signal at least of fresh measures ...
news.yahoo.com/markets-extend-gains-value-hunt-hopes-eu-s...
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