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Multi-billion losses expected from Russia sanctions

Today @ 09:49

EU diplomats on Monday (28 July) are to pour over the legal texts drafted by the EU commission for imposing sectoral economic sanctions on Russia for its role in the Ukrainian conflict. The sanctions are expected to be ...

EU to hit Russia with economic sanctions next week

25.07.14 @ 17:14

The European Commission is preparing legislative on four types of economic sanctions likely to be imposed on Russia on Tuesday. A meeting of EU ambassadors (Coreper) on Friday concluded that legal texts should be ...

German, Dutch firms ready to take hit from Russia sanctions

25.07.14 @ 09:25

German and Dutch companies, so far among the most reluctant to back EU's planned Russia sanctions, are ready to take a hit from possible retaliatory measures. The "Eastern association of German economy" representing ...

EU blacklists more Russians, prepares economic sanctions

24.07.14 @ 20:55

EU ambassadors in a marathon meeting on Thursday (24 July) added 15 more individuals, nine companies and nine institutions from Russia and east Ukraine to an existing blacklist of 72 individuals and two firms linked to ...

EU readies new sanctions on defiant Russia

24.07.14 @ 09:25

EU ambassadors meeting in Brussels at 9.30 local time on Thursday (24 July) are set to discuss a raft of new sanctions on Russia, as Moscow has shown no signs of wanting to meet an EU ultimatum over Ukraine. According ...

Russia angst sees EU energy efficiency targets watered down

23.07.14 @ 17:26

The EU commission on Wednesday (23 July) tabled a plan to increase the bloc's overall energy efficiency, but had to water it down amid fears of Russian gas supplies being cut in the ongoing Ukraine crisis. Under the ...

Deutsche Bank under fire in the US

23.07.14 @ 09:16

Two separate reports by the US central bank and the Senate have criticised Deutsche Bank for having internal irregularities and for helping investment funds to avoid taxes. Documents obtained by the Wall Street Journal ...

EU threatens Russian economy after MH17 disaster

22.07.14 @ 17:47

EU foreign ministers on Tuesday (22 July) gave Russia a few days to stop arming Ukrainian rebels, believed responsible for the downing of the Malaysia Airlines plane, or face sanctions on its financial, high-tech, and ...

Merkel: Russia partly responsible for Ukraine crash

18.07.14 @ 14:59

German Chancellor Angela Merkel on Friday (18 July) said Russia must acknowledge its share of responsibility in the Ukraine plane disaster. "It is important to have an international investigation as soon as possible. ...

Birthday tributes display Merkel's power

18.07.14 @ 09:51

The celebration began on Wednesday evening during an EU summit: a box of Belgian pralines (that she won't touch given her diet); a bunch of flowers; champagne; and a German football shirt signed by all EU leaders. ...

EU leaders fail to agree on top jobs

17.07.14 @ 03:14

EU leaders on Wednesday night (16 July) failed to reach an agreement on two top jobs - the high representative for foreign policy and the next EU Council president. "It is a bit unfortunate but not dramatic, not ...

EU leaders lower expectations of top jobs deal

16.07.14 @ 21:55

EU leaders heading into a summit to decide on top posts on Wednesday (16 July) lowered expectations of a deal due to diverging views on the foreign affairs chief. German Chancellor Angela Merkel said that "it can very ...

EU in east-west divide on foreign affairs job

16.07.14 @ 08:14

Italian foreign affairs minister Federica Mogherini has emerged as a frontrunner for the EU foreign affairs job, but eastern member states find her too Russia-friendly and have threatened to block her appointment. ...

Interim commissioners pass EU parliament test

15.07.14 @ 09:31

Former Finnish PM Jyrki Katainen and three other interim commissioners-to-be were grilled by MEPs on Monday (14 July) before taking up their posts for the next four months. Katainen, who will replace economic affairs ...

US 'willing to talk' to Germany in latest spy dispute

11.07.14 @ 09:55

German foreign minister Frank-Walter Steinmeier will hold talks with his US counterpart, John Kerry, on the new spy dispute in the coming days, the US State Department has said. Germany on Thursday (10 July) told a ...

Italian EU presidency backs South Stream

10.07.14 @ 19:13

The Italian EU presidency is in favour of a controversial Russian pipeline, South Stream, which would circumvent Ukraine to bring gas to south-east Europe. "We think South Stream should go ahead, as it would improve the ...

Brics to open alternatives to World Bank, IMF

10.07.14 @ 09:29

Brazil, Russia, India, China, and South Africa (the so-called Brics) are to establish alternatives to the World Bank and the International Monetary Fund, which they find too biased towards Europe and the US. The "New ...

Juncker wants 'fair deal' for Britain

09.07.14 @ 15:26

Future EU commission president Jean-Claude Juncker has denied being a federalist and said he wants a "fair deal" for Britain on the terms of its EU membership. Speaking to the British Conservative-dominated ECR group in ...

Juncker: Economics commissioner will be a Socialist

08.07.14 @ 18:01

Future EU commission chief Jean-Claude Juncker on Tuesday (8 July) promised that the economic affairs commissioner post will go to a Socialist, as part of a grand coalition-type bargain between the centre-right and ...

German-US relations strained by new spy scandal

07.07.14 @ 09:30

Relations between Germany and the US are being strained by a new scandal after the arrest of a German spy who was allegedly also working for the American intelligence services. The US ambassador was invited to give ...

Germany adopts minimum wage

03.07.14 @ 17:49

The German parliament on Thursday (3 July) approved the introduction of a minimum wage of €8.50 per hour from 2015 on, a policy shift that could boost growth elsewhere in Europe. Of the 601 votes cast, 535 voted in ...

Four EU commissioners give up posts, become MEPs

02.07.14 @ 10:22

Four out of the seven commissioners who were elected to the European Parliament quit their jobs on Tuesday (1 July) in order to become MEPs. Luxembourg's Viviane Reding, until now commissioner for justice and ...

Van Rompuy sets out minimalist EU vision

01.07.14 @ 18:27

Europe needs to shift its focus from open borders to "protection", while avoiding interference in areas where national governments can better act alone, EU Council chief Herman Van Rompuy has said. Speaking on Tuesday ( ...

Soros to EU: Help 'new Ukraine' against 'new Russia'

01.07.14 @ 09:12

US investor and philanthropist George Soros on Monday (30 June) told an audience in Brussels' Fine Arts Museum that the EU is a model of international governance which needs to support "new Ukraine" in its struggle ...

Post EU ElectionsCameron mends ties with Juncker

30.06.14 @ 09:27

British PM David Cameron has reached out to Jean-Claude Juncker, after having failed to prevent his nomination as European Commission chief. Cameron on Sunday (29 June) phoned the former Luxembourg leader to ...

Post EU ElectionsWho is Jean-Claude Juncker?

27.06.14 @ 19:19

Britain's tabloid The Sun portrayed him as "the most dangerous man in Europe". Prime Minister David Cameron linked Britain's EU membership to him, while other leaders and MEPs said that without him as Commission chief, ...

Post EU ElectionsCentre-right: Socialists cannot get three top posts

26.06.14 @ 19:45

Centre-right leaders and MEPs said on Thursday (26 June) the Socialists cannot get three EU top posts, while indicating a preference for the EU Council job. Outgoing Dutch MEP Corien Wortmann-Kool, who took part in the ...

Post EU ElectionsEU leaders to vote Juncker as commission chief

26.06.14 @ 07:14

EU leaders are likely to put Jean-Claude Juncker at the helm of the next European Commission at this week’s summit despite British opposition. But they are not expected to assign the other top jobs in a traditional ...

Post EU ElectionsNew EU 'strategy' fudges British, German and Italian demands

24.06.14 @ 08:15

A draft plan for EU priorities in the coming years tries to strike a balance between the devolution of powers demanded by Britain and the anti-austerity drive of Italy, in a typical German-inspired fudge. The "strategic ...

Post EU ElectionsCentre-right to strike deal with centre-left on Juncker, Schulz

23.06.14 @ 09:20

A meeting of Socialist leaders in Paris on Saturday (21 June) has endorsed Juncker for the commission top job, with the expectation that Martin Schulz stays on as European Parliament chief and the Italian foreign ...

Post EU ElectionsMuslim candidate wants to shake up EU parliament

18.06.14 @ 10:30

Sajjad Karim is not your average British Conservative. The 43-year old of Pakistani descent was the first British Muslim to be elected as MEP, in 2004. He started politics at the age of seven handing out leaflets for a ...

Post EU ElectionsSpitzenkandidaten risk politicising EU commission, advisers warn

17.06.14 @ 09:15

The EU commission has officially endorsed the top candidates (Spitzenkandidaten) process for finding President Jose Manuel Barroso's successor, but two commission advisers say it could undermine the institution's ...

AgendaEU top jobs talks continue this WEEK

16.06.14 @ 09:29

EU top posts consultations continue this week, with council chief Herman Van Rompuy in Rome and Danish PM Helle Thorning-Schmidt in Berlin for talks ahead of the 26-27 June summit. Van Rompuy will meet Italian Prime ...

Swiss eyeing EU research money despite referendum

13.06.14 @ 10:09

Switzerland is pushing to be 'de facto' accepted in multi-billion EU programmes on science, research and education, but the European Commission says it would be illegal after an anti-migration referendum which put EU- ...

Post EU ElectionsEP leaders tell Van Rompuy to nominate Juncker

12.06.14 @ 21:32

Leaders of the main political groups in the European Parliament on Thursday (12 June) told EU council chief Herman Van Rompuy to nominate Jean-Claude Juncker as the next EU commission president or face an "institutional ...

Post EU ElectionsTories 'very disappointed' about teaming up with Merkel adversaries

12.06.14 @ 15:13

The Tory-dominated, anti-federalist group in the European Parliament (ECR) on Thursday (12 June) accepted the membership of seven German MEPs from the anti-euro Alternative fuer Deutschland, a move likely to be a ...

Post EU ElectionsConservative group to decide on Merkel adversaries

12.06.14 @ 09:29

The Tory-lead conservative group in the European Parliament is likely to take in seven German MEPs from the anti-euro Alternative fuer Deutschland (AfD) party. At its meeting on Thursday (12 June), the European ...

Post EU ElectionsJuncker opponents: Focus on reforms, not names

10.06.14 @ 13:52

Failing to agree on Jean-Claude Juncker as next EU commission president, the leaders of Germany, Britain, Sweden and the Netherlands on Tuesday (10 June) said it was important to focus on EU reforms rather than names. ...

Post EU ElectionsMerkel takes boat trip with Juncker opponents

10.06.14 @ 09:27

German Chancellor Angela Merkel on a trip in Sweden listened to British, Swedish and Dutch arguments against appointing Jean-Claude Juncker as the next EU commission chief. Invited by Swedish Prime Minister Fredrik ...

Post EU ElectionsLe Pen meets Ukip man

06.06.14 @ 15:22

French far-right leader Marine Le Pen on Thursday evening (5 June) met outgoing independent MEP Godfrey Bloom, who still retains Ukip membership in Britain. Officially, Ukip is not interested in an alliance with Le Pen, ...

Post EU ElectionsJuncker 'will not kneel' before Brits

06.06.14 @ 09:29

EU commission president-hopeful Jean-Claude Juncker has not given up on his bid for the post despite British opposition, but EU leaders are nowhere near an agreement on him. Speaking at a meeting of centre-right MEPs on ...

Mayor of Venice arrested over EU-funded project

05.06.14 @ 09:38

The mayor of Venice, Giorgio Orsoni, and 35 other people were arrested Wednesday (4 June) on corruption charges linked to a project co-funded by the EU. Orsoni was placed under house arrest as 300 police officers ...

Post EU ElectionsMerkel seeks to square the circle on Juncker and UK

04.06.14 @ 20:46

German Chancellor Angela Merkel on Wednesday (4 June) told the Bundestag she is trying to get enough leaders to back Jean-Claude Juncker for the EU commission presidency, but warned against isolating Britain. "I am ...

UK calls for welfare restrictions after EU election result

04.06.14 @ 09:29

Britain's minister for work and pensions, Iain Duncan Smith, visited his German counterpart on Tuesday (3 June), making the case for an overhaul of EU rules on freedom of movement in response to the anti-EU and anti- ...

Post EU ElectionsEU states at odds over Juncker

02.06.14 @ 09:28

Jean-Claude Juncker may have been endorsed by Germany for the European Commission top job, but Italy and France have signalled opposition, while Britain has warned about the consequences of choosing the former ...

Post EU ElectionsMerkel endorses Juncker after all

30.05.14 @ 18:52

German Chancellor Angela Merkel on Friday (30 May) gave her first clear endorsement of Jean-Claude Juncker to become the next president of the EU commission, after criticism back home about EU leaders ignoring the ...

FocusEastern European projects at risk in EU budget spat

28.05.14 @ 19:57

Eight member states have signalled opposition to a European Commission request to increase the 2014 budget by €4.7 billion to cover late bills, primarily for infrastructure projects in eastern Europe. The funding gap ...

Post EU ElectionsEU leaders decline to endorse Juncker

28.05.14 @ 01:45

EU leaders on Tuesday (27 May) tasked council chief Herman Van Rompuy with exploring who could fill top EU posts and gather a majority in the European Parliament, with consultations set to last at least until the end of ...

Post EU ElectionsEU leaders digest anti-establishment vote

27.05.14 @ 08:16

EU leaders meeting in Brussels on Tuesday (27 May) are still digesting the result of EU elections, which saw anti-establishment parties winning in Britain, France, Belgium, Greece, and Denmark and making gains in ...

Post EU ElectionsMerkel: 'I don't decide who gets the Commission post'

26.05.14 @ 15:55

German Chancellor Angela Merkel on Monday (26 May) downplayed the chances of Jean-Claude Juncker becoming the next Commission president, as she emphasised that a majority is needed in both the European Parliament and ...