European Commission

New ILO Leadership Could Push For Better Economic Policies

Mark Weisbrot | Posted 05.29.2012

Mark Weisbrot

Since Europe has by far the largest banking system in the world, the eurozone crisis is also a significant drag on growth and employment throughout most of the world, and could easily do more damage if it is not resolved.

Despite Elections, Austerity May Still Rule In Europe

AP | RAF CASERT | Posted 05.08.2012

BRUSSELS — Germany and the European Commission on Tuesday called on EU nations to stick to their agreed budget cuts despite mounting voter disco...

Europe Is Not a Lost Continent

Georges Ugeux | Posted 04.14.2012

Georges Ugeux

Europe is not a lost continent, but a set of countries who are dealing with a crisis of confidence stemming from the awareness that its social system needs to be overhauled and modernized.

Bailout Talks Turning Into 'Playground Spat'

AP | GABRIELE STEINHAUSER | Posted 04.17.2012

BRUSSELS — Current plans to save Greece from financial collapse would still leave the country with debt far above the maximum level set by its i...

The World's Most Indebted Countries

24/7 Wall St. | Michael Sauter, Charles Stockdale, Ashley Allen | Posted 02.15.2012

From 24/7 Wall St.: The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from inter...

The Punishment: Spain 'Very Likely' To Feel Some Of That EU Pain

Reuters | Posted 04.15.2012

* Sanctions against Spain "very likely" - EU officials * Delay in 2012 budget bad for confidence * Labour and financial ...

Debt-Ridden Greece Targets Tax Evaders In Aim To Recoup Funds

AP | By NICHOLAS PAPHITIS | Posted 01.23.2012

ATHENS, Greece -- Debt-crippled Greece has named some 4,000 alleged tax dodgers, including a former media magnate and a prominent entertainer, with th...

Fowl Play: Chicken Cage Confusion Indicates Larger European Policy Issues

AP | By RAF CASERT | Posted 01.11.2012

FLEURUS, Belgium -- When Eric Pierart takes in the chaotic wiggling of thousands of hens caged in his renovated barn, he's reminded of how tough it is...

Adventures in Hyperpolyglottery: Inside the Mind of Extreme Language Learners

Nataly Kelly | Posted 02.28.2012

Nataly Kelly

As it turns out, learning languages is easier -- and more pleasurable -- for some folks than for others. In fact, there is a group of individuals who find the process so enjoyable that they take it to another level entirely. They're known as hyperpolyglots.

Deutsche Boerse, NYSE Euronext Extend Merger Deadline Through March 31

Posted 12.28.2011

(LUKE JEFFS, Reuters) - Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year ...

German Chancellor Rejects EU Eurobond Proposal

AP | GEIR MOULSON | Posted 01.22.2012

BERLIN — German Chancellor Angela Merkel rejected a new push by the European Commission for bonds issued jointly by the 17 euro nations, saying ...

EU Executive To Propose New Bank Fee Regulations

Posted 11.21.2011

The European Union's executive will propose new rules for bank fees after failing to persuade the industry to make its charges more transparent, a...

European Commission Proposes Ban On Shark Finning

AP | DON MELVIN | Posted 01.21.2012

BRUSSELS — The EU's executive arm said Monday that it wants to completely ban shark finning – the practice of removing sharks' fins and th...

Europe To Ban All Shark Finning?

AP | DON MELVIN | Posted 01.21.2012

BRUSSELS — The EU's executive arm said Monday that it wants to completely ban shark finning – the practice of removing sharks' fins and th...

EU Study Offers Proposal For Averting Financial Crisis

AP | RAF CASERT | Posted 01.21.2012

BRUSSELS — The European Commission chief said Monday he wants to introduce eurobonds issued jointly by the 17 euro nations as an effective way t...

IMF Playing Larger Role In Addressing Europe Debt Crisis

Posted 11.20.2011

WASHINGTON (Lesley Wroughton) - The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt cris...

Crash Tax: Wall Street Reparations

Leo W. Gerard | Posted 01.14.2012

Leo W. Gerard

It's time for Wall Street to pay reparations for the financial collapse it caused. It's time for a crash tax, a tiny sales tax on Wall Street transactions, the revenues from which would pay for Main Street restoration.

German Finance Minister: Eurozone States Must Give EU More Power

Posted 01.12.2012

BERLIN - Euro zone states must do more at a European level and pass some of their responsibilities for budget setting and fiscal policy to Europea...

EU Warns Eurozone May Fall Into 'Deep And Prolonged Recession'

AP | By GABRIELE STEINHAUSER | Posted 01.10.2012

BRUSSELS -- The European Union warned Thursday that the 17-country eurozone could slip into "a deep and prolonged recession" next year as the debt cri...

Greek Debt Inspectors Suspend Review After Disagreements

AP | By GABRIELE STEINHAUSER | Posted 11.02.2011

By GABRIELE STEINHAUSER, Associated Press BRUSSELS -- Disagreements over Greece's massive budget deficits and how to make up for the funding shortf...

Terror Attacks on Israel and UNRWA's Education System

Anav Silverman | Posted 10.18.2011

Anav Silverman

Until UNRWA's mandate is adjusted to conform to that of UNHCR's 'durable solutions,' Palestinian children under the agency's care will continue to be educated in a culture that promotes despair and hate in a system that works against their future.

EU Commission: Find Consensus On Greece Or Global Economy Will Suffer

Posted 09.19.2011

BRUSSELS/FRANKFURT (Luke Baker and Philipp Halstrick) - EU leaders must find a convincing solution to Greece's debt crisis at a summit on Thursday...

Reforming Sovereign Ratings: An Urgent and Complex Undertaking

Georges Ugeux | Posted 09.14.2011

Georges Ugeux

Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.

Why Europe Slept

Gordon Brown | Posted 09.11.2011

Gordon Brown

When the history of the 21st century is written, people will rightly ask why it was that Europe was found wanting during its most intractable economic crisis. But history books about the "decline of the West" are not yet inevitable.

European Union Cracks Down On Mobile Roaming Charges To Spur Competition

Posted 09.05.2011

(AP) BRUSSELS — The European Union is introducing new rules that would make it cheaper to use mobile and smartphones abroad. The proposals from t...