Obstreperous unions, an embedded welfare, system and incompetent civil servants have been obvious impediments to austerity in Europe, but the real problem with austerity is that it is a dumb idea. Economic growth is necessary to getShow More Summary
The Wall Street Journal reports Emissions trading in Europe in Tatters. The European Union's flagship program to fight global warming—a regional carbon-emissions trading system—suffered a major blow Tuesday when legislators rejectedShow More Summary
By Scott Minerd: The monetary policies pursued in Japan, informally known as "Abenomics," may indirectly save the European Union. Japan, which is a direct export competitor with Germany, has devalued the yen by approximately 30% since last September. Show More Summary
Bulgaria's GERB party is demanding a rerun of Sunday's election, blaming illegal campaigning for its failure to win more support and prolonging a political vacuum that would further undermine the European Union's poorest economy.Center-right...Show More Summary
Prime Minister David Cameron ordered rebellious lawmakers on Thursday to back his plan for a law guaranteeing a vote on Britain's European Union membership as he sought shore up his party, his leadership and the coalition.Conservative...Show More Summary
BRUSSELS (Reuters) - China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behavior by Chinese mobile telecom equipment companies.
GENEVA (Reuters) - As British Prime Minister David Cameron struggles to accommodate euroskeptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the...
David Cameron's authority suffered a huge blow when more than 100 Conservative MPs defied him by voting for a referendum on the European Union.Britain moved closer to an in/out referendum as Nick Clegg told MPs: "It is a question ofShow More Summary
The European Union is preparing to investigate the imports of mobile networking gear from China for anti-competitive practices, a move that's likely targeted at telecommunications equipment companies Huawei Technologies and ZTE. China has also warned the EU against any protectionist or restrictive measures. Show More Summary
(PARIS) — The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Show More Summary
The European Union is looking into whether Spain's grant to Ford would be unfair.
IT IS not hard to find reasons why disaffection with the European Union might be growing within Europe. GDP in the euro area has declined for the sixth successive quarter and unemployment is running at record levels in many countries. Show More Summary
PARIS (AP) — The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous slump that hit the region in the financial crisis of 2008-9. Eurostat, the...Show More Summary
David Cameron will face a Commons showdown later over his plans for a referendum on the UK's membership of the European Union.A backbench Tory amendment expressing "regret" at the lack of an EU referendum Bill in the Queen's Speech has...Show More Summary
It would appear that the credit markets both anticipated and began to price in what is now the worst recessionary period for the European Union on record a few days ago. However, their exuberant, ever-hungry colleagues over in equity land remain in the bad is good mode and can't get enough of these higher prices. Show More Summary
``"The European Union is the new sick man of Europe," read the survey's opening lines. "The effort over the past half century to create a more united Europe is now the principal casualty of the euro crisis. The European project now stands in disrepute across much of Europe." ''
The Eurovision Song Contest has been running since 1956. Each country in the European Broadcasting Union submits a song and casts scores for the songs of the other countries, until a winner is named. Here's an update on which acts.....
A Nevada jury ordered Las Vegas Sands to pay a businessman $70 million for helping the casino giant enter the Macau market; China on Tuesday urged the European Union not to engage in trade protectionism.
It is not simply the euro zone that is threatened by the dramatic economic discrepancies that now exist among its members. Now it is the European Union itself that is in danger.
Given the importance of Turkey as a critical regional player, its status as the negotiator with the European Union and the reform process which is going on for years, every such move to keep its media in leash only exposes it more as an issue to be addressed decisively.