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Saturday, August 18, 2018

European Economic Area

As Greece ends a decade of bailouts, problems linger for Europe

As Greece prepares to emerge from one of the region’s most wrenching economic periods, its creditors are drawing up plans to ensure it is never a problem for the rest of Europe again.

Eurogroup reaches agreement on European Stability Mechanism

Eurozone finance ministers (Eurogroup) reached an agreement in principle to widen the mission of the European Stability Mechanism (ESM) to assist banks as well as member states.

Euro-Muslims willing to embrace non-Muslims

A survey of Muslims in 15 European Union countries finds most are willing to embrace non-Muslims, but they often feel rebuffed by the majority populations of the places they live.

English not an official EU language anymore after Brexit

The Commission has already started using French and German more often in its external communications, as a symbolic move after Britain voted to leave the EU.

EU Commission aims move to reduce governments’ veto powers

The European Commission will propose measures that could reduce EU small states’ veto powers, a move meant to overcome resistance to tax reforms as the bloc aims to increase levies on digital multinationals.

French President Macron envisions an EU army in 2020

French President Emmanuel Macron has called for the EU to co-operate more closely on defence, immigration, tax and social policy, and for the single currency bloc to have its own budget.

Is Facebook losing its base?

The pioneering social media site is increasingly being looked at skeptically by college-aged Americans, according to new polling data.

Brexit negotiations: No cure, no pay?

UK Brexit Minister David Davis has said that Britain will not pay £40 billion (€45.17 billion) to the European Union as it leaves the bloc.

Norway wrestles with EU ties

While Britain looks to Norway for inspiration in its divorce from the EU, some in Oslo see the U.K. as a model for severing ties to the 28-nation bloc altogether.

It’s time to fix the Euro

There is a renewed debate in Brussels on fixing flaws in Europe’s shared currency to prevent future crises.

Greek PM Tsipras calls for European alternative for IMF

Alexis Tsipras said that many EU leaders recognize the need for Europe to create its own institutions to deal with problems, instead of relying to outside help such as the IMF.

Google creates a separate shopping service unit to avoid EU fines

Google is preparing to split off its shopping service into a standalone unit in order to satisfy EU demands over the display of rival shopping comparison sites.

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