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China Files WTO Complaint on EU Solar Subsidies

China filed a complaint to the WTO charging the EU with violating rules governing subsidies to its solar components industry.

 

EU sends Microsoft formal antitrust complaint

The European Union's executive arm formally accused Microsoft on Wednesday of failing to comply with a binding agreement to give customers a choice among Internet browsers....

 

Eurozone debt hits 90 percent of its economy

In spite of years of harsh spending cuts and tax increases, Europe's debt problems are getting worse. Figures from the EU's statistics office Wednesday showed that, at the end of the second quarter, the total government debt of the 17 countries that use the single currency was worth 90 percent of the group's total economic output for the year - the highest level since the euro was launched in 1999.

 

European Union wins Nobel Peace Prize

European Union

The European Union has been awarded the Nobel Peace Prize for its efforts to promote peace and democracy in Europe, in the midst of the union's biggest crisis since its creation in the 1950s.

 

EU pushes more moves to stem debt crisis

Eurozone Crisis

European Union officials pushed on Saturday to accelerate moves to stem the bloc's long debt crisis as Italian premier Mario Monti warned that economic suffering was fuelling divisive nationalism on the continent.

 

Romanians vote on whether to oust president

Traian Basescu

Romania's unpopular president was fighting for his political life on Sunday as Romanians voted on whether to oust him, part of a political battle that has raised questions about the rule of law in the fledgling European Union member....

 

Spain to Make Official Aid Request Monday

Spain's government said Friday it plans to make its official request for EU aid for its banking sector Monday, as discussions continue on ways to inject European aid funds directly into ailing Spanish banks.

 

Spain says markets shutting it out, seeks EU help for banks

Spain's high borrowing costs mean it is effectively shut out of the bond market and the European Union should help Madrid recapitalize its debt-laden banks, Treasury minister Cristobal Montoro said on Tuesday.

 

Economic Scene: Leaving the Euro May Be Better Than the Alternative

Some two decades ago, when Europe’s leaders worked out the details of their grand vision to connect the European Union with a single currency, virtually every economist on this side of the Atlantic — and most of those on the other — figured out that the euro would be fatally flawed.

 

Brussels, Berlin tell Europe to stick to austerity

Jose Manuel Barroso

Germany and the European Commission on Tuesday called on EU nations to stick to their promised budget cuts despite mounting voter discontent, but promised some new efforts to boost growth to alleviate economic hardship.

 

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