Tag: European Union
Cyprus seeks alternatives to avoid financial meltdown
Cyprus Wednesday seeking alternative funding for a vital international parliamentary after the resounding rejection of the European rescue plan considered unacceptable conditions imposed by the population. While waiting for a new proposal, and to prevent people from mass withdraws money from their accounts, the banks of the island will not open until Tuesday, and Thursday, [...]
The Cypriot Parliament says “no” to the rate on deposits of the Eurogroup
The Cypriot Parliament today rejected categorically the Eurogroup plan to impose a tax on private deposits and requested the President, Nikos Anastasiadis, seeking alternative ways of negotiating free what everyone described as “blackmail”. In a dramatic messages charged debate, MPs from all parties shared the view that Cyprus has been the victim of a “shakedown” [...]
The EU carries out “dangerous positions”
The President of Portugal, Aníbal Cavaco Silva, warned that the EU is drawing “a very dangerous path” with the implementation of a tax on savers of Cyprus and expressed his fear that the lack of confidence in this country could spread to other States. “I think that Europe is undertaking dangerous roads. Sometimes I think [...]
Berlin denies pressure to include the rate to Cypriots
The German government denied today that has brought pressure to achieve include the controversial rate to savers in the rescue program of Cyprus and said the decision was made by the Executive of Nicosia. But Berlin was adamant on the need for the last eurozone country to request a bailout contribute substantially, depending on the [...]
The IMF warns that financial risks remain “elevated” in the European Union
The International Monetary Fund (IMF) said today that the financial risks in the European Union (EU) are still “high” and warned that stability in the banking sector is still “fragile”, given the anemic economic growth prospects. “The risks remain high, especially in the context of low growth and tax relief,” the international body in its [...]
The European Union remains in 2012 as China’s largest trading partner
The European Union (EU) maintained its position as China’s largest trading partner in 2012 despite a 3.7 percent decline in the volume of trade between the two regions, said the Chinese Minister of Commerce Chen Deming. In a press conference in the framework of the celebration of the National People’s Congress, the top legislature of [...]
Unemployment in Greece falls for the first time since 2008
The unemployment rate in Greece fell in December for the first time since a crippling recession began five years ago, helped by a rescue deal that boosted the willingness of companies to hire short-term staff. Unemployment in the nation affected by the debt fell to 26.4 percent from a revised record 26.6 percent a month [...]
Cameron and Merkel agreed that the EU live up to its potential
British Prime Minister David Cameron and German Chancellor Angela Merkel, met today in London to bring positions on the thorny issue of European budgets and agreed that the EU has to “live according to their possibilities “. Both leaders, who hold opposing positions in relation to the funds of Brussels, believe that “European countries must [...]
Merkel defends austerity and rejects a “divorce” from the United Kingdom
German Chancellor Angela Merkel defended the austerity and fiscal consolidation as a recipe to end the crisis in exchange of showing solidarity with vulnerable countries, while rejecting a “divorce” of the European Union with the United Kingdom. Merkel appeared before the European Parliament to present their vision of the future of the EU and especially [...]
Inflation remained stable in the European Union in September
Annual inflation remained stable in the euro area and in the whole of the European Union (EU) in September, to stand at 2.6% and 2.7%, respectively, reported Wednesday the EU statistics office Eurostat . Inflation remains so unchanged compared to August, although the first estimate released by Eurostat September 28 provided for a rate of [...]
