Category Archives: European Union

Brussels rejects Yanis Varoufakis’ claims that troika controlled Greek tax system

Allegations of covert scheme described as ‘simply not true’ by European commission as Alexis Tsipras looks to conclude third bailout deal with creditors

The European commission has denounced as “false and unfounded” claims by Greece’s former finance minister Yanis Varoufakis that international creditors had exclusive control over the country’s tax system.

Brussels slammed the suggestion that external supervision of the Greek tax revenue agency forced Varoufakis to consider hacking the ministry’s computers as part of a secret plan to devise a parallel payment system for the nation.

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Posted in Banking, Business, Currencies, Economics, Euro, Europe, European banks, European Central Bank, European monetary union, European Union, Eurozone crisis, Financial crisis, Financial sector, Greece, syriza, World news, Yanis Varoufakis | Comments Off

The Iran agreement is a disaster for Isis | Federica Mogherini

The Vienna accord I negotiated on behalf of the EU strikes a blow to the terrorists’ ‘clash of civilisations’ narrative

“It always seems impossible until it’s done”: the words of a man who made the impossible come true – Nelson Mandela – resonated with me on 14 July, when the seven countries around the table in Vienna, under the steer of the European Union, finally reached a deal on Iran’s nuclear programme. After decades of tensions and distrust, 12 years of hope and fear and 22 months of intense, difficult, highly technical and political negotiations, we had finally made it. Will this turn a page in Iran’s relations with the rest of the world? Commentators are divided and the debate is still heated. I understand the reasons behind the scepticism. But I believe a new chapter really is about to be opened.

Related: What my pro-regime family think of Iran’s nuclear deal

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Posted in European Union, Iran's nuclear programme, Islamic State, World news | Comments Off

Protected birds faring better in Europe

EU birds directive is having a positive impact on threatened populations as Dalmatian pelicans, griffon vultures, red kites and cranes see their numbers rise

Birds which have been given the highest level of protection by European rules are faring significantly better than other bird species, research has shown.

The study found birds protected as “annex 1” species under the EU’s birds directive, which requires governments to take action to conserve them, are more likely to have increasing populations than those that are not annex 1.

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Posted in Birds, Conservation, Endangered species, Environment, Europe, European Union, Wildlife, World news | Comments Off

IMF warns of gloomy eurozone outlook

Reforms and action needed urgently as fears over Greece, high unemployment, structural flaws and a still-shaken bank sector slow growth

The International Monetary Fund has warned the eurozone faces a gloomy economic outlook thanks to lingering worries over Greece, high unemployment and a banking sector still battling to shake off the financial crisis.

The IMF’s latest healthcheck on the eurozone found it was “susceptible to negative shocks” as growth continues to falter and monetary policymakers run out of ways to help. It called for an urgent “collective push” from the currency union to speed up reforms or else risk years of lost growth.

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Posted in Banking, Business, Economics, Euro, Europe, European banks, European Central Bank, European monetary union, European Union, eurozone, Eurozone crisis, Financial crisis, Financial sector, Global economy, Greece, International Monetary Fund (IMF), Quantitative easing, World news | Comments Off

Op-Ed Contributor: How the Greek Deal Could Destroy the Euro

By treating Grexit as a viable option, Europe has made a future French, or even German, exit more likely.
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  3. French farmers block Spanish and German borders in foreign food protest
Posted in Banking and Financial Institutions, Economic Conditions and Trends, Euro (Currency), European Union, Germany, Greece, World news | Comments Off

French farmers block Spanish and German borders in foreign food protest

More than 1,000 agricultural workers are reportedly taking part in roadblocks as farmers protest at falling food prices which they blame on foreign competition French farmers blocked roads from Spain and Germany on Sunday to stop foreign products enter…
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Almost half of EU doctors seeking work in UK failed to prove English skills

General Medical Council says 45% of those who applied in the past year did not give evidence of their language skills and were refused a licence to practise

Nearly half of all EU doctors who sought work in the UK in the past year were turned away because they failed to prove their English was good enough, the medical regulator has revealed.

In all, 779 doctors – 45% of those who applied – did not give evidence of their language skills to the General Medical Council (GMC), and were therefore refused a licence to practice, between 25 June 2014 and 6 July this year.

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Posted in Doctors, Europe, European Union, GPs, Health, NHS, Society, UK news, World news | Comments Off

Greek bailout talks expected to go ahead on Monday after delay

Meetings with European commission, ECB and IMF were supposed to start on Friday but were delayed by organisational issues Talks between Greece and its international creditors over a new bailout package should go ahead after logistical issues that delay…
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Greece edges closer to third bailout as it formally requests IMF help

Finance minister Euclid Tsakalotos writes to IMF head Christine Lagarde seeking new loan but sources say ‘logistical problems’ are delaying talks

Greece has taken a step closer to a huge third international bailout by formally requesting help from the International Monetary Fund (IMF), but sources said “logistical problems” were delaying the start of talks in Athens.

The Greek government, which is seeking a three-year bailout worth up to €86bn (£60bn) to avert financial meltdown and a chaotic exit from the eurozone, had initially planned to go without fresh help from the IMF as it considers the agency too wedded to draconian austerity measures.

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Posted in Business, Christine Lagarde, Euro, Europe, European Union, Eurozone crisis, Greece, International Monetary Fund (IMF), World news | Comments Off

Britain must stay in EU ‘to make world more prosperous’, says Obama

US president uses BBC interview to say membership allows more influence and strengthens transatlantic union, but faces criticism from Eurosceptic politicians

Barack Obama has warned that Britain will lose influence if it leaves the European Union.

In an interview with the BBC broadcast on Thursday night, the US president said the EU “made the world safer and more prosperous” and confirmed Washington’s longstanding view that Britain should remain a member.

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