Without changing treaties, EU tightens economic screws
In an attempt to give Europe’s shared economy a quick boost without any time-consuming hurdles, the European Commission adopted a new set of measures Wednesday to expand its oversight of the common...
View ArticleBank of England chief: Brexit harms Britain
Britain would be better off in the EU, even though membership exposed the U.K.’s economy to severe shocks in the aftermath of the global financial crisis, the president of the Bank of England argued...
View Article(Greek) Mission: Impossible
Einstein defined insanity as doing the same thing over and over again, but expecting different results. That’s a trap the European Commission wants to avoid as it mobilizes a new team of experts to...
View ArticleBailout timeline slips as Greece frets on reforms
The Greek government’s reluctance to enforce politically sensitive economic reforms, such as repealing a law protecting homes from foreclosure, risks delaying payment of the next €2 billion available...
View ArticleEurozone bailout chief: No haircut for Greece
Greece’s creditors will face a decision in the coming weeks about whether or not the country’s debt levels have gotten out of hand, but Klaus Regling, the managing director of the euro area’s bailout...
View ArticleConservative MEPs launch Euroskeptic magazine
A group of MEPs gunning to become the most influential conservatives in Brussels is launching a Euroskeptic glossy magazine. The first issue of New Direction is out Thursday, featuring a cover image of...
View ArticleEurozone growth falters as trade slows
The eurozone’s economy recovery lost steam in the third quarter as weaker global demand — with Chinese consumers tightening their belts — hit growth, including in the region’s export-oriented...
View ArticleEU vows to cut off terrorists’ financing networks
Europe’s justice and interior ministers tasked the Commission on Friday with finding ways to starve terrorist groups of their funding, in response to last week’s attacks in Paris by Islamic State...
View ArticleBrussels launches new push for Europe deposit guarantees
The European Commission’s vice president in charge of the euro intends this week to refloat a proposal for a common European scheme to guarantee bank deposits, which could revive north-south divisions...
View ArticleJuncker: No Schengen, no euro
STRASBOURG — Commission President Jean-Claude Juncker told members of the European Parliament Wednesday that without the EU’s Schengen system of open borders, which he called “partly comatose,” there...
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