The European Union has imposed new sanctions on Syria, including a ban on oil investments in the country. In a statement Friday, EU Foreign Affairs Chief Catherine Ashton said the measure serves to reinforce an earlier ban on Syrian crude imports implemented on September 2. Ashton said the sanctions are designed to have a maximum […]
Europe Rejects US Rebuke Over Debt
Posted September 17th, 2011 at 5:35 pm (UTC-5)
European Central Bank chief Jean-Claude Trichet says the financial position of the 17-member euro zone is better than that of other major economies. Trichet spoke Saturday at the end of a two-day meeting of European Union finance ministers in Wroclaw, Poland. He described the medium-term prospects for euro zone countries as “quite encouraging.” His remarks […]
EU Finance Ministers End Meeting Without Breakthrough
Posted September 17th, 2011 at 11:40 am (UTC-5)
European Union finance ministers have concluded a two-day meeting with little progress on solving Europe’s growing debt crisis. The ministers ended the session Saturday in Wroclaw, Poland without agreeing to a tax on financial transactions that could raise money for the European Union. The meeting ended sooner than planned as thousands of demonstrators gathered in […]
Nabucco Consortium Welcomes EU Negotiations on Trans-Caspian Gas Pipeline
Posted September 14th, 2011 at 2:05 pm (UTC-5)
An international gas pipeline group is welcoming a European Union decision to allow the bloc’s executive commission to negotiate an agreement with Azerbaijan and Turkmenistan for a Trans-Caspian pipeline. Officials with the Nabucco Gas Pipeline Consortium say the pipeline project will help ensure supplies to European markets and reduce dependence on other sources. The EU […]
Study: Warming Oceans Causing Spread of Bacteria
Posted September 13th, 2011 at 8:07 pm (UTC-5)
A new European report says the warming oceans caused by climate change are leading to the spread of dangerous bacteria in the sea. The report to be presented Wednesday at a two-day global warming conference in Brussels predicts that millions of people may be exposed to contaminated food and water. They also could become sick […]
Russia Slams EU Plan for Trans-Caspian Gas Pipeline
Posted September 13th, 2011 at 11:25 am (UTC-5)
Russia has criticized a European Union decision to open discussions with former Soviet states Azerbaijan and Turkmenistan on a pipeline project that could deliver the Caspian region’s vast natural gas reserves directly to western Europe. In a statement Tuesday, Russian Foreign Ministry spokesman Alexander Lukashevich said such an agreement would fail to take into account […]
EU Envoy Says Burma Wants Peace With Ethnic Groups
Posted September 11th, 2011 at 7:15 am (UTC-5)
A European commissioner said Sunday that Burma’s new government has vowed to pursue peaceful solutions to its decades-old conflicts with ethnic minority groups. Speaking in Bangkok Sunday, Kristalina Georgieva, the European Union commissioner for humanitarian aid, told reporters that Burma’s minister of border control strongly believes there must be peace, and that it can be […]
Ukraine to Guarantee Gas Deliveries
Posted September 8th, 2011 at 4:15 pm (UTC-5)
Ukraine says it will guarantee the transit of Russian natural gas to Europe regardless of the outcome of a Ukrainian dispute with Russia about the price of the gas deliveries. Ukrainian Energy and Coal Minister Yuriy Boyko made the pledge to foreign diplomats in Kyiv on Thursday. European nations want Ukraine and Russia to avoid […]
German Court Rules in Favor of European Economic Bailouts
Posted September 7th, 2011 at 7:00 am (UTC-5)
Germany’s Constitutional Court has upheld the country’s participation in the European Union rescue fund, but says the German parliament should have greater say in future economic bailout packages. The court ruled Wednesday that the German government is now required to seek the approval of parliament’s budgetary committee before taking part in any further large-scale economic […]
German Court Rules in Favor of European Economic Bailouts
Posted September 7th, 2011 at 5:00 am (UTC-5)
Germany’s Constitutional Court has upheld the country’s participation in the European Union rescue fund, but says the German parliament should have greater say in future economic bailout packages. The court ruled Wednesday that the German government is now required to seek the approval of parliament’s budgetary committee before taking part in any further large-scale economic […]
