PARIS: OECD MINISTERIAL MEETING
European Commissioner for Economic and Monetary Affairs Joaquin Almunia, from Spain, gives a press conference during the OECD Ministerial Council at the French Foreign Ministry in Paris May 23, 2006. Almunia said that Lithuania's decision to target 2009 as a date to adopt the euro is "realistic." Lithuania, which joined the European Union in 2004, was denied membership of the euro club because its inflation was not in line with a limit imposed on candidate countries. (UPI Photo/William Alix)
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BRUSSELS, Sept. 14 (UPI) -- European Union Economics Commissioner Joaquin Almunia said a slow, uncertain recovery was in store for the 27 members of the European bloc.
BRUSSELS, May 4 (UPI) -- European Commission analysts said the economy in the 16-member eurozone would contract by 4 percent in 2009, twice as fast as previously thought.
BRUSSELS, Feb. 17 (UPI) -- The European Commission's clout in dealing with ballooning deficits in France, Spain and Greece is nearly moot, an expert on the subject said.
MAD, Spain, Sept. 19 (UPI) -- European Union finance minister Joaquin Almunia said Europe should not employ the same bailout plan under consideration in the United States.
FRANKFURT, Germany, May 7 (UPI) -- The European Union's commission is celebrating the 10th anniversary of the euro currency with a bid to control the wages and economic strategy of the 27-nation bloc.
FRANKFURT, Germany, Oct. 26 (UPI) -- European capitals report feeling the autumn fallout from last summer’s U.S. credit crisis.
LUXEMBOURG , Oct. 9 (UPI) -- Eurozone ministers said they would press China to let its currency float more freely instead of holding the yuan stable against a number of currencies.
WASHINGTON, Sept. 12 (UPI) -- Under the old rule one should never believe anything until it has been officially denied, then whenever some authoritative public figure solemnly asserts that “the economic fundamentals are good” it may be time to sell everything and buy gold.
BRUSSELS, Oct. 21 (UPI) -- The European Commission is expressing concern that Hungary will breach a European Union rule against excessive budget deficits.
BERLIN, Sept. 26 (UPI) -- A top European Union official is suggesting Germany be disciplined for continuing to violate EU fiscal policy.