European Union
The UK's decision to veto the new European Union treaty has sent shockwaves throughout Europe, with significant implications for the continent's future. David Cameron's leadership, marked by a willingness to stand firm on British interests, has earned praise from his backbenchers and some Britons.
European Union
Russia and the European Union may return to discussions on trans-border infrastructure projects, including the South Stream gas pipeline, after experts study potential conflicts of interest between the EU's 3rd Energy Package and ongoing infrastructure projects. The development could see the EU's 3rd Energy Package made
European Union
The European Commission has published a regulation harmonising pilot qualification and medical requirements across the European Union. This new regulation will enable pilots holding a licence issued in one Member State to fly throughout the EU without needing to meet additional technical or medical requirements. The regulation is based on
European Union
The eurozone is being pulled apart by an economic crisis that has its roots in political reasons. The dominoes are falling as governments are deposed by bond dealers, and the absence of democracy is a significant factor in this deterioration. The crisis is not only economic but also a failure
European Union
Italian politicians, starting with Prime Minister Silvio Berlusconi, failed to address the impending financial crisis, while European leaders did too little to prepare. The long-predicted storm broke, sending Italian interest costs above 7 percent and triggering global stock market sell-offs. Italy's essential problem is not high deficits or
European Union
A divided Conservative party, the major partner in Britain's ruling coalition, has forced a debate and vote in the House of Commons on whether the United Kingdom should remain a member of the European Union (EU). The move is the most serious challenge to Prime Minister David Cameron&
European Union
Prime Minister David Cameron faced a fierce rebellion from within his own party on Monday, with dozens of Conservative members of Parliament defying orders and speaking out against Britain's membership in the European Union. The debate exposed a potentially lethal schism within Conservative ranks, with some members feeling
European Union
The European Parliament has voted against adopting a report that called on the EU to increase its ambition for cutting greenhouse gas emissions from 20% to 30% by 2020 from 1990 levels. This decision was met with disappointment from WWF-UK, who maintain that the 30% target for 2020 would be
European Union
The European Energy Efficiency Fund (EEEF) was launched on July 1 to provide market-based financing for commercially viable projects that can contribute to energy efficiency and renewable energy in the European Union's public sector. The fund is backed by the European Commission, the European Investment Bank (EIB), Cassa
European Union
The US dollar has been impacted by recent economic developments, including Greece's passage of austerity measures and mixed data from the US economy. As a result, the dollar has slipped against major currencies, with the euro gaining 2.3% against the dollar this week. The economic data from
European Union
Canadian stocks are experiencing a positive trend driven by increased commodity prices and expectations of resolving Greece's debt crisis. The European Union has warned Greek lawmakers that their country is at risk of immediate default unless they approve an austerity plan, set to be voted on Wednesday. The
European Union
Finance Minister Evangelos Venizelos unveiled a range of measures designed to plug a €5.5bn shortfall in Greece's 2011 budget, including lowering the minimum tax threshold to €8,000 and introducing a one-off solidarity income tax on the entire population. The measures aim to meet the €6.4bn
