European Union

European Union Finance Ministers Sticking to Target for Cyprus to Raise 5.8 Billion Euros

March 18, 2013

“Euro-area finance ministers told Cyprus to raise 5.8 billion euros ($7.5 billion) from bank depositors to unlock emergency loans, maintaining the revenue target while suggesting sparing small-scale savers.”

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Greenland Prime Minister Threatens European Union to Block Preliminary Mineral Resources Deal

March 9, 2013

“To the dismay of many European politicians, China has been eyeing investments in the former Cold War ally of the West, which include iron, zinc and rare earth minerals.”

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European Union Partially Lifts Arms Embargo on Syrian Rebels at the Request of Great Britain

February 18, 2013

“Details of what will be allowed in practice must still be determined, but diplomats said governments could offer advice on bolstering security or holding back Assad’s forces, for example.”

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President Obama Calls for Free Trade Agreement With the European Union

February 17, 2013

“Negotiations are not expected to be easy, with entrenched interests, especially in protected sectors of the agriculture industry, fighting to maintain their subsidies and preferences.”

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European Union Leaders Meeting at Brussels Conference Reach Agreement on Broad 7-Year Budget Framework

February 8, 2013

“The officials said around 12 billion euros would be cut from the last budget proposal, made at a summit in November when agreement eluded leaders, bringing the headline ceiling for spending down to 960 billion over the full 2014-2020 plan.”

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European Central Bank President’s Concerns About Currency Push Euro Value Even Lower

February 8, 2013

“Mario Draghi said on Thursday that the exchange rate is important for growth and price stability and that he wants to see “whether the appreciation is sustained and will alter our risk assessment as far as price stability is concerned.”

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Brussels Summit Chair Herman Van Rompuy Urges Compromise on the European Union (EU) Budget

February 8, 2013

“The Brussels summit chair, Herman Van Rompuy, urged them to compromise and keep the EU budget focused on growth, innovation and creating jobs.”

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European Central Bank Helps Put Ireland On Track For European Union and International Monetary Fund Loans

February 7, 2013

“Ireland struck a long-awaited deal on Thursday to ease the burden of debts it took on to rescue its banking system in a way that will cut its budget deficit and borrowing needs and put it on track to end its reliance on EU-IMF loans this year.”

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European Central Bank Keeps Interest Rates Unchanged at 0.75%

February 7, 2013

“Many analysts do not expect the ECB to alter rates from their current record low until next year at the earliest.”

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European Union Proposes New Rules Requiring the Reporting of Cyber Security Breaches

February 7, 2013

“Over 40,000 firms, including energy providers, banks and hospitals could be required to report cyber-break-ins under new rules proposed by the EU.”

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European Union Leaders Hold Two-Day Conference in Brussels to Negotiate an EU Budget

February 7, 2013

“The UK, Germany and other northern European nations want to lower EU spending to mirror the cuts being made by national governments across the continent.”

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Prime Ministers of Serbia and Kosovo Meet in Brussels, Pledging to Work Towards Better Relations

February 7, 2013

“It refuses to recognize Kosovo’s sovereignty, which is backed by over 90 countries.”

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Analysis: U.S. Activists, Lobbyists, and NGOs in Brussels Influencing Policy-making in the European Union

February 6, 2013

“For U.S.-based groups, it’s a new version of an old advocacy trick: looking for a friendly state legislature or compliant city council as a first step toward national or international standards.”

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40 British Troops Deployed to Mali in a Training Role

January 29, 2013

“Up to 350 UK troops are to be deployed in total to Africa, all in non-combat roles, Sky News understands. This is part of a UN-led mission. The UK has already sent two C-17 transport aircraft to help ferry troops and equipment around.”

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White House and U.S. Industries Resisting European Push for Internet Consumer Data Privacy

January 25, 2013

“Privacy advocates have embraced a bill before the European Parliament as their best chance to win a range of protections that have failed to gain political traction in Washington.”

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