Topic: European Union

EU trade holding up, but risks ahead: De Gucht

WASHINGTON (Reuters) - European Union Trade Commissioner Karel De Gucht said Tuesday that European import demand was holding up well despite the debt crisis, but trade could fall suddenly if a recession takes hold."When you get into a crisis you can have ...

EU trade holding up, but risks ahead-De Gucht

WASHINGTON (Reuters) - European Union Trade Commissioner Karel De Gucht said Tuesday that European import demand was holding up well despite the debt crisis, but trade could fall suddenly if a recession takes hold."When you get into a crisis you can have ...

Belgian parties reach 2012 budget deal

Belgium fell in behind model eurozone pupils Italy and Greece on Saturday, its feuding politicians ending 19 months of deadlock with an 11th-hour budget deal that met EU strictures hours after a brutal downgrade."There is an agreement," French-speaking Socialist premier-to-be Elio Di ...

EU leaders to brief Obama on debt crisis at summit

BRUSSELS (Reuters) - President Barack Obama will offer what guidance he can on how to resolve the European debt crisis when he meets the EU's top officials at a summit in Washington next week, the U.S. ambassador to the EU said on ...

Emergency post-election measures won't save Spain

MADRID (Reuters) - Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.The center-right People's ...

Analysis: Emergency post-election measures won't save Spain

MADRID (Reuters) - Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.The center-right People's ...

France and Germany clash over ECB crisis role

PARIS/ROME (Reuters) - France and Germany, Europe's two central powers, clashed on Wednesday over whether the European Central Bank should intervene more forcefully to halt the euro zone's accelerating debt crisis after modest bond purchases failed to calm markets.Facing rising borrowing costs ...

France, Germany clash over ECB role to stem crisis

PARIS/ROME (Reuters) - France and Germany, Europe's two central powers, clashed on Wednesday over whether the European Central Bank should intervene more forcefully to halt the euro zone's accelerating debt crisis after modest bond purchases failed to stop the rout.Facing rising borrowing ...

Euro zone posts growth, but downturn seen likely

BRUSSELS (Reuters) - The 17-nation euro zone economy grew a modest 0.2 percent in the third quarter from the second, the EU said on Tuesday, lifted by France and Germany, but economists say the bloc is almost certainly heading for a recession.Growth ...

New Italian, Greek governments race to limit damage

ROME/ATHENS (Reuters) - Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent ...