Tag Archives: #EU

Britain Is Shamed and Brussels Triumphant. But Is That Good for Europe? – Bloomberg

On the eve of the Brexit votein June 2016, many people sensed that Brussels’ pulse was fading. Two of the European Union’s great projects from the 1990s—the euro and the Schengen Area of free movement—were in different forms of chaos, even as the third, the single market, was still incomplete. Businesspeople, especially from the Anglo-Saxon world, fumed at the EU’s unaccountable

Read more

Italy urges EU ports to take migrants as pressure builds

Paris (AFP) – The French and German interior ministers met with their Italian counterpart Marco Minniti in Paris on Sunday to discuss a “coordinated response” to Italy’s migrant crisis, hours after Minniti had called on other European countries to open their ports to rescue ships. The working dinner at the French interior ministry — also attended by EU Commissioner for

Read more

EURO HUMILIATION: Germany ‘freaked out’ as Greece ‘could ditch EU currency for US DOLLAR’

Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency. He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the

Read more

EU faces crisis as IMF warns Greek debts are on ‘explosive’ path 

The EU faces a looming crisis which could threaten the sustainability of the eurozone as the International Monetary Fund has warned Greece’s debts are on an “explosive” path, despite years of attempted austerity and economic reforms. Global financiers at the IMF are increasingly unwilling to fund endless bailouts for the eurozone’s most troubled country…..  FOLLOW THE LINK FOR THE FULL

Read more

Trump Ghost Looms Over EU Summit as Leaders Push Back

U.S. President Donald Trump loomed over a Mediterranean gathering of European leaders, who used the meeting Friday to hit back at the new administration that has upended trans-Atlantic relations by dismissing the European Union’s validity. “It is unacceptable that there be, through a certain number of statements by the president of the United States, a pressure on what Europe must

Read more

British economy holds up as Brexit negotiations loom

London (AFP) – Britain’s economy grew solidly in the final months of last year, official data showed Thursday, even as the country prepares to navigate a difficult departure from the European Union. Gross domestic product expanded 0.6 percent between October and December, matching the GDP growth during the previous two quarters, the Office for National Statistics said. FOLLOW THE LINK

Read more