European Commission

European Commission

• Poland presents plan for privatizing airline

  The Polish government has devised a plan to sell off LOT airlines, the deeply indebted state-run flag-carrier. Revealing the draft law for the ... 

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  Cypriots anxious as banks reopen with limits

  Anxious Cypriots patiently waited in long lines to get at their accounts on Thursday after banks opened for the first time in nearly two weeks, ... 

• EU seeks extra funding of $14 billion for 2013

  The European Union's executive arm is certain to upset several of its 27 member states as it is seeking 11.2 billion euros ($14.4 billion) in ... 

• ECB, Eurogroup at odds over Cyprus rescue as model

  Europe's leading institutions clashed in a rare sign of public discord Tuesday over what shape future financial rescues will take following the ... 

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  Spanish central bank offers grim economic forecast

  Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to ... 

• EU commission says Croatia ready for entry

  The European Commission says that Croatia has fulfilled the conditions set for entry will be ready to join the 27-nation bloc as planned on July 1. 

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  Japan, EU agree to start free-trade negotiations

  Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the ... 

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  Cyprus secures bailout, avoids bankruptcy

  Cyprus secured a 10 billion euro ($13 billion) package of rescue loans in tense, last-ditch negotiations early Monday, saving the country from a ... 

• A glance at the agreement for the Cyprus bailout

  Authorities from Cyprus and the so-called troika of international lenders — the European Commission, the European Central Bank and the International ... 

• Assailants try to set fire to Cyprus bank branch

  Cyprus' state-run news agency says a powerful firecracker went off inside a branch of the country's largest lender, the Bank of Cyprus. The Cyprus ... 

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  Cyprus talks to continue; no deal yet

  Cyprus officials and international representatives ended torturous negotiation in the early hours of Sunday with no agreement on a plan to raise money ... 

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  Cyprus lawmakers approve key bills for bailout

  Lawmakers in Cyprus approved three key bills Friday that aim to raise enough money to qualify the country for a broader bailout package and help it ... 

• Russia may help Cyprus only after its deal with EU

  Moscow will help Cyprus out financially only if the country's new money-raising measures get the backing of the European Union, Russia's prime ... 

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  Cypriot officials: Plan B drawn up to get bailout

  Searching for a way out of a crippling financial crisis, officials in Cyprus on Wednesday pursued a new bailout strategy that could include a loan ... 

• New Czech president to approve EU bailout fund

  The new Czech president has taken a more pro-EU stand than his predecessor by agreeing to adopt the eurozone's new bailout fund. Milos Zeman said ... 

• EU makes important step toward banking union

  The European Union on Tuesday cleared a major legal hurdle toward establishing a full banking union to stabilize its financial system, just as ... 

• Bailout lenders grant Portugal easier debt targets

  Portugal's bailout lenders have agreed to ease its debt-reduction targets amid deteriorating economic prospects, the finance minister said Friday, ... 

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  Hungary rejects criticism of constitution changes

  Rejecting criticism from the EU, the U.S. and human rights groups, Hungary's prime minister insisted Thursday that recent constitutional changes ... 

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  Cyprus bailout likely closer to $13BN

  A bailout package for Cyprus and its troubled financial sector would likely be closer to €10 billion ($13 billion) than the earlier floated €17 ... 

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  Eurozone to hold special meeting on Cyprus

  The finance ministers of the 17 euro countries will hold a special meeting this week to discuss a much-delayed bailout package for Cyprus, but ... 

• EU lawmakers reject $1.3tn budget proposal

  The European Parliament overwhelmingly rejected a proposal for the European Union's €960 billion ($1.3 trillion) budget Wednesday, in the latest ... 

• EU representative killed in rocket attack in Syria

  A European Union staff member has been killed in a rocket attack near Damascus, the Syrian capital, the EU announced Wednesday. Ahmad Shihadeh, a ... 

• France's deficit to fall to 3.7 pct of GDP

  France says it will only be able to cut its deficit to 3.7 percent of gross domestic product this year — above the 3 percent limit set by the European ...