http://www.mail.com/organizations/32-european-commission.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/organizations/32-european-commission.html http://www.mail.com/business/finance/2093264-glance-europes-key-institutions.html Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved. Here is a look at the key institutions involved in Europe's economic policymaking: —EUROPEAN UNION An economic and political partnership among 27 European countries. It has a combined populat... Fri, 17 May 2013 18:18:11 GMT http://www.mail.com/business/finance/2093264-glance-europes-key-institutions.html 2013-05-17T18:18:11Z http://www.mail.com/business/economy/2092886-greece-faces-slow-jobless-recovery-year.html ATHENS, Greece (AP) — Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. The European Commission issued the gloomy predictions Friday in a 237-page assessment of Greece's bailout agreement, as the countr... Fri, 17 May 2013 17:31:44 GMT http://www.mail.com/business/economy/2092886-greece-faces-slow-jobless-recovery-year.html 2013-05-17T17:31:44Z http://www.mail.com/business/economy/2093236-top-officials-call-to-overhaul-euro-institutions.html BERLIN (AP) — Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved. Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed ... Fri, 17 May 2013 15:32:04 GMT http://www.mail.com/business/economy/2093236-top-officials-call-to-overhaul-euro-institutions.html 2013-05-17T15:32:04Z http://www.mail.com/business/finance/2092872-eu-to-ban-reusable-olive-oil-bottles-eateries.html BRUSSELS (AP) — The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it. The European Commission, the EU's executive, said Friday that, as of next year, restaurant customers will only be allowed to use oil from non-refillable bottles with ... Fri, 17 May 2013 15:06:31 GMT http://www.mail.com/business/finance/2092872-eu-to-ban-reusable-olive-oil-bottles-eateries.html 2013-05-17T15:06:31Z http://www.mail.com/news/world/2087308-nations-pledge-billions-to-rebuild-mali.html BRUSSELS (AP) — A plan to turn Mali into a stable democracy rather than a terrorist haven drew massive support Wednesday as various nations and international organizations pledged 3.25 billion euros ($4.22 billion) to help reconstruct the conflict-ridden West African nation. The objective of the donors' conference in Brussels had been to raise 2 billion e... Wed, 15 May 2013 18:23:41 GMT http://www.mail.com/news/world/2087308-nations-pledge-billions-to-rebuild-mali.html 2013-05-15T18:23:41Z http://www.mail.com/scitech/news/2087342-eu-china-dumping-mobile-network-equipment.html BRUSSELS (AP) — A senior EU official says China may be illegally dumping and subsidizing the import into Europe of mobile telephone networks and their essential elements. But Competition Commissioner Karel De Gucht says an official investigation, while approved by the European Commission, won't be launched now as officials seek an amicable resolution. Wed... Wed, 15 May 2013 14:41:52 GMT http://www.mail.com/scitech/news/2087342-eu-china-dumping-mobile-network-equipment.html 2013-05-15T14:41:52Z http://www.mail.com/news/world/2084596-eu-pledges-675-toward-mali-reconstruction.html BRUSSELS (AP) — On the eve of a major international donors' conference, the European Union announced Tuesday it was pledging 520 million euros ($674.8 million) over the next two years to help rebuild the west African country of Mali as a functioning state. The announcement was made by Jose Manuel Barroso, president of the European Commission, the EU's exe... Tue, 14 May 2013 17:40:21 GMT http://www.mail.com/news/world/2084596-eu-pledges-675-toward-mali-reconstruction.html 2013-05-14T17:40:21Z http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:12:47 GMT http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:12:47Z http://www.mail.com/business/finance/2083980-visa-to-lower-card-fees-eu-antitrust-probe.html BRUSSELS (AP) — The European Union says Visa has agreed to reduce some credit card payment fees significantly to address concerns raised by the bloc's antitrust authority. The European Commission, which acts as the 27-nation bloc's competition watchdog, says Visa proposes to reduce its inter-bank fees for credit card payments to 0.3 percent of a transacti... Tue, 14 May 2013 11:02:52 GMT http://www.mail.com/business/finance/2083980-visa-to-lower-card-fees-eu-antitrust-probe.html 2013-05-14T11:02:52Z http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html BERLIN (AP) — European leaders are increasingly at odds over how to create a full-fledged banking union, the bloc's key project to stabilize its financial system and turn the tide in its stubborn debt crisis. A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an a... Mon, 13 May 2013 19:41:31 GMT http://www.mail.com/news/world/2081232-europe-odds-steps-to-banking-union.html 2013-05-13T19:41:31Z http://www.mail.com/news/world/2076208-yen-focus-g-7-discusses-nurturing-recovery.html AYLESBURY, England (AP) — Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the stimulus measures of one its members, Japan, has caused its currency to take a dramatic slide. Supporting the global economy and the role of central banks are set to be the key poin... Fri, 10 May 2013 20:39:46 GMT http://www.mail.com/news/world/2076208-yen-focus-g-7-discusses-nurturing-recovery.html 2013-05-10T20:39:46Z http://www.mail.com/business/finance/2074352-slovenia-announces-anti-bailout-measures.html LJUBLJANA, Slovenia (AP) — Slovenia's government announced Thursday an austerity plan designed to raise 540 million euros ($707 million) in new taxes as part of an effort to balance the budget and avoid seeking an international bailout. The small Alpine country, once a model of socialist economy, is racing to convince investors it has a credible strategy ... Thu, 09 May 2013 17:48:30 GMT http://www.mail.com/business/finance/2074352-slovenia-announces-anti-bailout-measures.html 2013-05-09T17:48:30Z http://www.mail.com/business/economy/2068094-imfs-lagarde-criticizes-us-spending-cuts.html AMSTERDAM (AP) — International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight on Tuesday, in an appearance in Amsterdam that was interrupted by student protestors. Lagarde said the U.S. government's debt reduction plans are too abrupt, including the $85 billion in federal budget cuts known as the sequest... Tue, 07 May 2013 16:23:21 GMT http://www.mail.com/business/economy/2068094-imfs-lagarde-criticizes-us-spending-cuts.html 2013-05-07T16:23:21Z http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html BERLIN (AP) — French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a turning point in the region's approach to austerity, which is choking off growth through spending cuts and tax hikes. Cutting budget deficits remains important but the 27-nation bloc must now move... Tue, 07 May 2013 13:46:17 GMT http://www.mail.com/business/economy/2068000-french-finance-chief-hails-easing-austerity.html 2013-05-07T13:46:17Z http://www.mail.com/business/economy/2066300-eu-motorola-violated-antitrust-rules.html BRUSSELS (AP) — The European Commission said Monday that Motorola Mobility may have abused its dominant market position by denying Apple the right to use technology essential for mobile phones. It is a violation of European Union antitrust rules for a patent holder to deny use to technologically essential patents to companies willing to pay a fair and rea... Mon, 06 May 2013 16:31:32 GMT http://www.mail.com/business/economy/2066300-eu-motorola-violated-antitrust-rules.html 2013-05-06T16:31:32Z http://www.mail.com/business/economy/2058240-european-commission-investigates-peugeot-aid.html BRUSSELS (AP) — The European Commission says it has opened an in-depth investigation into the government-backed restructuring of France's PSA Peugeot Citroen group to see whether it violates European Union state aid rules. Under the plan, the French state has guaranteed 7 billion euros ($9.1 billion) in loans to Peugeot and given or advanced another 85.9 ... Thu, 02 May 2013 12:02:24 GMT http://www.mail.com/business/economy/2058240-european-commission-investigates-peugeot-aid.html 2013-05-02T12:02:24Z http://www.mail.com/business/finance/2053910-italian-premier-urges-eu-to-focus-growth.html BERLIN (AP) — Italy's new prime minister called Tuesday for European countries to prioritize economic growth over debt reduction, adding his government believes Europe needs to integrate further to overcome its current crisis. Enrico Letta chose Germany for his first official trip abroad — arriving there only hours after winning the final vote of approval... Tue, 30 Apr 2013 19:13:16 GMT http://www.mail.com/business/finance/2053910-italian-premier-urges-eu-to-focus-growth.html 2013-04-30T19:13:16Z http://www.mail.com/news/world/2046406-serbian-lawmakers-vote-to-support-kosovo-deal.html BELGRADE, Serbia (AP) — Serbian lawmakers on Friday overwhelmingly supported an agreement normalizing relations with breakaway Kosovo, a potentially landmark deal that could end years of tensions between the Balkan antagonists and put them both on a path to European Union membership. Parliament backed the deal in a 173-24 vote. The agreement drew support ... Fri, 26 Apr 2013 21:18:41 GMT http://www.mail.com/news/world/2046406-serbian-lawmakers-vote-to-support-kosovo-deal.html 2013-04-26T21:18:41Z http://www.mail.com/business/economy/2046582-spain-slashes-forecasts-delays-deficit-targets.html MADRID (AP) — Spain slashed its economic forecasts Friday and said it would take two years longer than promised to cut its swollen deficit in an acknowledgement that its harsh austerity measures had failed to bring its finances under control. Revealing its latest batch of reforms and measures, Spain's economy ministry warned that the country's economy wil... Fri, 26 Apr 2013 18:01:14 GMT http://www.mail.com/business/economy/2046582-spain-slashes-forecasts-delays-deficit-targets.html 2013-04-26T18:01:14Z http://www.mail.com/business/economy/2044966-cyprus-eases-limits-money-transfers.html NICOSIA, Cyprus (AP) — Cyprus significantly eased restrictions on money transfers inside and outside the country Thursday to help businesses spur a deeply slumping economy. The Finance Ministry said that it raised the limit on business payments and money transfers abroad that require documentation — but not cumbersome scrutiny and approval from ministry a... Thu, 25 Apr 2013 20:37:45 GMT http://www.mail.com/business/economy/2044966-cyprus-eases-limits-money-transfers.html 2013-04-25T20:37:45Z http://www.mail.com/business/finance/2044010-italy-premier-designate-short-securing-support.html ROME (AP) — Italy's premier-designate, Enrico Letta, said candidly Thursday he is still short of securing support for a ruling coalition after Silvio Berlusconi's forces insisted that the media mogul's populist economic policies dominate the would-be government's agenda. "The difficulties are there," Letta acknowledged during talks, broadcast live on TV, ... Thu, 25 Apr 2013 18:54:50 GMT http://www.mail.com/business/finance/2044010-italy-premier-designate-short-securing-support.html 2013-04-25T18:54:50Z http://www.mail.com/business/finance/2043504-top-ecb-official-cautions-rate-cuts-costs.html FRANKFURT, Germany (AP) — A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — because already low rates are not getting through to businesses and consumers. Joerg Asmussen, the bank's top official for international relations, said that the "pass-through of rate cu... Thu, 25 Apr 2013 13:21:31 GMT http://www.mail.com/business/finance/2043504-top-ecb-official-cautions-rate-cuts-costs.html 2013-04-25T13:21:31Z http://www.mail.com/business/finance/2043928-eu-lawmakers-support-free-trade-deal-with-us.html BRUSSELS (AP) — European Union lawmakers have voted in favor of starting talks on a wide-ranging free trade agreement with the United States. A parliamentary committee on Thursday voted 23-5 to endorse the negotiation mandate for the European Commission, the executive arm of the 27-country bloc. Lawmakers also voted an amendment calling for the exclusion ... Thu, 25 Apr 2013 12:58:40 GMT http://www.mail.com/business/finance/2043928-eu-lawmakers-support-free-trade-deal-with-us.html 2013-04-25T12:58:40Z http://www.mail.com/business/economy/2043608-google-agrees-to-change-search-display-europe.html BRUSSELS (AP) — Google has agreed to change how it displays search results in Europe — including a better labeling of its promoted content and displaying links to competitors — to appease concerns it might be abusing its dominant market position, the European Union's antitrust body said Thursday. Google's search engine, which is the world's most influenti... Thu, 25 Apr 2013 12:47:19 GMT http://www.mail.com/business/economy/2043608-google-agrees-to-change-search-display-europe.html 2013-04-25T12:47:19Z http://www.mail.com/business/economy/2043440-german-finance-minister-digs-austerity.html BERLIN (AP) — Germany's finance minister is insisting that Europe can't spend its way out of its economic problems — digging in against mounting criticism of the continent's austerity drive. Germany strongly advocates making efforts to reduce budget deficits a top priority. His comments come just a few days after European Commission president Jose Manuel ... Thu, 25 Apr 2013 07:16:49 GMT http://www.mail.com/business/economy/2043440-german-finance-minister-digs-austerity.html 2013-04-25T07:16:49Z http://www.mail.com/business/economy/2039258-eu-probes-planned-merger-greek-airlines.html BRUSSELS (AP) — The European Commission has opened an in-depth antitrust investigation of the proposed takeover of Greece's Olympic Air by its domestic rival Aegean Airlines. The Commission, which acts as the 27-country bloc's competition watchdog, said Tuesday it fears "the transaction may lead to price increases and poorer service on several domestic Gr... Tue, 23 Apr 2013 15:45:40 GMT http://www.mail.com/business/economy/2039258-eu-probes-planned-merger-greek-airlines.html 2013-04-23T15:45:40Z http://www.mail.com/business/economy/2030670-uk-alleges-gsk-paid-competitors-to-delay-drugs.html LONDON (AP) — Britain's competition watchdog accused GlaxoSmithKline on Friday of paying off competitors to delay launches of their own versions of GSK's best-selling antidepressant, Seroxat. The Office of Fair Trading alleges GlaxoSmithKline made deals that infringed competition law with Alpharma Ltd., Generics (UK) Ltd and Norton Healthcare Ltd. over th... Fri, 19 Apr 2013 15:49:50 GMT http://www.mail.com/business/economy/2030670-uk-alleges-gsk-paid-competitors-to-delay-drugs.html 2013-04-19T15:49:50Z http://www.mail.com/business/finance/2028382-eu-aims-to-us-trade-deal-year.html BRUSSELS (AP) — The European Union's top trade official says negotiations with the U.S. on what would become the world's largest free trade agreement should be concluded before the end of next year. Commissioner Karel de Gucht told reporters after a meeting of the 27-nation bloc's trade ministers in Dublin that the talks with Washington should be conclude... Thu, 18 Apr 2013 15:21:28 GMT http://www.mail.com/business/finance/2028382-eu-aims-to-us-trade-deal-year.html 2013-04-18T15:21:28Z http://www.mail.com/business/economy/2027648-portugal-launches-round-spending-cuts.html LISBON, Portugal (AP) — Portugal's government is pushing ahead with deeply unpopular austerity policies, announcing plans Thursday to save 800 million euros ($1 billion) this year — about 0.5 percent of annual GDP — by slashing spending on public sector staff, goods and services. The center-right government said the new money-saving measures are needed to... Thu, 18 Apr 2013 11:28:07 GMT http://www.mail.com/business/economy/2027648-portugal-launches-round-spending-cuts.html 2013-04-18T11:28:07Z http://www.mail.com/business/economy/2025252-france-imf-slashing-growth-forecasts.html PARIS (AP) — The French government has finally bowed to reality, lowering its official economic growth projections and acknowledging that its deficit won't fall as quickly as promised. But its outlook is still rosier than other independent forecasts. In a report Wednesday, the government said growth will be just 0.1 percent this year and 1.2 percent next ... Wed, 17 Apr 2013 11:58:25 GMT http://www.mail.com/business/economy/2025252-france-imf-slashing-growth-forecasts.html 2013-04-17T11:58:25Z