European Union leaders will seek ways to encourage euro-area nations to sign contracts that commit them to bolster their economies, according to a draft document prepared for this month’s summit.
Ukraine failed to sign a landmark trade pact with the European Union, in a bid to improve ties with Russia, frustrating officials from the 28-nation bloc who couldn’t say when the deal may go ahead.
The European Union announced plans to sign a free-trade deal with Georgia next year even as its attempt to reach a similar agreement with another former Soviet republic, Ukraine, went off the rails.
German Chancellor Angela Merkel said a trade accord between the European Union and Ukraine won’t be signed at a summit that started late yesterday, after a senior Ukrainian official predicted a “positive result.”
China and Europe started talks on an investment agreement and aim to boost bilateral trade to $1 trillion by 2020, Chinese Premier Li Keqiang said.
The European Union is considering whether it could encourage countries to make long-term economic changes by offering them loans at below-market rates, an EU official told reporters in Brussels today.
European Union finance ministers struggled to advance a bank-failure plan for the euro area, hampered by the interregnum in Berlin and persistent divisions on basic points.
Here's today's look at some of the top stories on markets and politics in Europe:
European Union leaders recommitted to seek a joint strategy this year for how to handle failing banks in order to prepare the euro zone for European Central Bank financial oversight.
European Union leaders dropped a 2014 deadline to complete an overhaul of the bloc’s data privacy laws even as they condemned allegations that the U.S. eavesdropped on German Chancellor Angela Merkel.
"We stressed that we have to speed up the work, but it is a complex task. It's not only related to the already difficult issues of protecting privacy, but it is also an impact on business."
- Herman Van Rompuy on Oct 24, 2013