EU says eurozone recession to continue in 2013
BRUSSELS: Recession in the crisis-hit eurozone will continue unabated for the rest of the year with unemployment remaining at record levels, the EU warned on...
Europeon Union
Cyprus MPs approve tough EU bailout deal
by AFP
Nicosia: The Cypriot parliament narrowly approved on Tuesday a controversial EU-IMF bailout deal after the government warned a rejection would be “catastrophic” for the eastern...
EU eyes pesticide ban over bee scare
by AFP
BRUSSELS: A key committee of EU experts was meeting on Monday to mull a two-year ban on pesticides blamed for a sharp and worrying decline...
EU ends Myanmar sanctions, arms embargo remains
by AFP
LUXEMBOURG: EU foreign ministers agreed Monday to lift the last of the bloc’s trade, economic and individual sanctions against Myanmar, hailing “a new chapter” with...
Spanish deficit at 10.6% of GDP: EU
by AFP
BRUSSELS: The European Commission released on Monday final deficit and debt data for eurozone and EU states that was in line with upward revisions announced...
US says EU rules on biotech crops ‘unnecessary’
by AFP
WASHINGTON: The United States has criticized “unnecessary” European Union rules against genetically modified US crop imports as it prepares to enter free-trade talks with the...
Bank of Cyprus savers could lose up to 60%
by AFP
NICOSIA: Big savers in Cyprus’s largest bank face losses of up to 60 percent, far greater than originally feared under the island’s controversial EU-led bailout...
EU’s trillion euro budget summit ends in failure
by AFP
Brussels: Talks on the European Union’s trillion euro budget ended in deadlock Friday when leaders of the 27-nation bloc failed to overcome seemingly irreconcilable differences...
Cyprus awaits EU announcement on bailout deal
by AFP
Brussels: International lenders said on Friday good progress has been made on reaching a bailout deal for struggling eurozone member Cyprus, with the country’s president...