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EU proposes more economic breaks for Ukraine

BRUSSELS, March 20 (UPI) -- The European Parliament said Thursday it was considering a unilateral move to give Ukraine relief from customs duties.

EU offers medium-term loans to Ukraine

BRUSSELS, March 19 (UPI) -- Lending a financial hand to Ukraine is a safeguard that will ensure stability on the European continent, a European monetary official said Wednesday.

New Italian PM Renzi: EU 'is not our enemy'

ROME, Feb. 27 (UPI) -- New Italian Prime Minister Matteo Renzi challenged "eurosceptics" in a speech before Parliament this week, declaring the European Union "is not our enemy."
Can the new Ukraine succeed?

Can the new Ukraine succeed?

WASHINGTON, Feb. 24 (UPI) -- After the euphoria of a successful popular revolution, Ukraine's problems begin now. And they will be compounded by the competing tug of four great powers.
MARTIN WALKER, UPI Editor Emeritus

Europe buys time again

PARIS, Nov. 25 (UPI) -- Claiming triumph in the Iran talks and swallowing disappointment in Ukraine, the Eurozone has also chosen to duck its financial problems yet again.
MARTIN WALKER, UPI Editor Emeritus

Europe's blame game

LONDON, June 10 (UPI) -- Casting blame for the Great Recession used to be easy when everyone agreed it was all the fault of the bankers. But now the regulators and officials are blaming each other and the real issues are coming to the surface.
MARTIN WALKER, UPI Editor Emeritus

EU's Olli Rehn lashes out at IMF criticism of Greek bailout

BRUSSELS, June 7 (UPI) -- The European Commission economic chief managing Greece's bailouts said Friday International Monetary Fund criticism of the rescue was not "fair."

European Commission endorses Latvia as eurozone member

BRUSSELS, June 6 (UPI) -- The European Commission says it has endorsed Latvia's application to join the eurozone.

New economic forecast for Europe is grim

BRUSSELS, May 3 (UPI) -- The European Commission, downgrading predictions made in February, said Friday the economy in Europe would shrink through 2013.

Report: France, Italy, losing their edge

BRUSSELS, April 10 (UPI) -- The European Commission said Thursday the economies of Italy and France were struggling with excessive debt and high labor costs.
Jack Lew to press for stimulus in Europe

Jack Lew to press for stimulus in Europe

BRUSSELS, April 8 (UPI) -- U.S. Treasury Secretary Jack Lew's two-day trip to Europe will center on increasing demand to stimulate the global economy, a senior official said.

Latvia applies to join eurozone

BRUSSELS, March 6 (UPI) -- Latvia has applied to become the 18th country in the Eurozone.

UPI NewsTrack Business

Dow surges to all-time high ... Cyprus closer to bailout ... Martha Stewart defends J.C. Penney deal ... Cadbury accused of $46 million tax dodge ... News from United Press International.

Cyprus closer to bailout

BRUSSELS, March 5 (UPI) -- Cyprus has agreed to have its banks audited, a step that could clear the way for a $22.7 billion European Union bailout, officials said.

Unity best option, EU tells Britain

LONDON, March 1 (UPI) -- The vice president of the European Commission said in London that reform for the European Union is better than repatriation.

EU - from acute to chronic

PARIS, Jan. 14 (UPI) -- In medical terms, an acute illness is short, sharp and nasty. A chronic illness is one that lasts a long term and the patient has to learn to live with it. The euro crisis has just gone from its acute to its chronic phase.
MARTIN WALKER, UPI Editor Emeritus

European reconstruction bank admits Kosovo

LONDON, Nov. 20 (UPI) -- A decision by European Bank for Reconstruction to admit Kosovo as a member will help speed its path to stabilization, European leaders said over the weekend.

EU lets Spain slide on deficit targets

BRUSSELS, Nov. 14 (UPI) -- The head of the European Commission said Spain will not need to rein in spending or raise taxes until at least 2014, despite ongoing debt problems.

European Commission downgrades forecast

BRUSSELS, Nov. 7 (UPI) -- The European Commission said Wednesday economic growth in Europe would be even slower than previously expected.
Spanish bonds lose ground Monday

Spanish bonds lose ground Monday

MADRID, June 11 (UPI) -- Spanish bonds got more expensive for Madrid Monday after early optimism provided by a $125 billion international bank bailout faded.

Group of Seven to monitor European crisis

BRUSSELS, June 5 (UPI) -- Group of Seven finance leaders said the economic crisis in Europe warrants close scrutiny, but added nothing to policy options already on the table Tuesday.

Italy announces $2.9B anti-poverty plan

ROME, May 12 (UPI) -- Italy's government says more than $2.9 billion for an anti-poverty plan would come from obsolete or underused programs that are already in the budget.
France expected to miss 2013 debt target

France expected to miss 2013 debt target

PARIS, May 11 (UPI) -- The European Commission says France will likely miss its deficit target for the coming year.

Rajoy defends abandoning deficit target

MADRID, March 6 (UPI) -- Spain's leader defended abandoning his country's deficit target, amid European criticism, saying a deepening recession made the move necessary.

Davos doubts center on EU, world economy

DAVOS, Switzerland, Jan. 27 (UPI) -- High-powered talks at the World Economic Forum in this scenic Swiss resort have failed to dispel anxieties and gloom over the future of global economy and immediate and pressing concerns in Europe over the fate of the EU and the eurozone.
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