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Germany will support Serbia’s bid to secure a start date to begin European Union membership talks and back pre-accession talks for Kosovo if the nations show progress in implementing their April 19 political agreement.
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Swedish Finance Minister Anders Borg said he won’t cave to pressure from banks or the European Union to harmonize standards and insists capital ratios in the largest Nordic economy need to be higher than those elsewhere.
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European Union leaders struggling to find a consensus on how to overcome the debt crisis and revive economic growth will use a summit meeting this week to focus on fighting tax evasion and on the bloc’s energy policy.
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The European Commission should do more to help European Union member states come up with financing for energy-efficiency projects, Irish Energy Minister Pat Rabbitte said.
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The European Central Bank is set to take center stage as the euro area’s chief banking supervisor, after the European Banking Authority ditched this year’s stress test in favor of an ECB-led review of lenders’ asset quality.
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German Chancellor Angela Merkel said that she views the U.K. as an “important member of the European Union” and will lobby “our British friends” to stay in the bloc.
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The European Union’s top banking regulator delayed stress tests until 2014, allowing time for a European Central Bank-led probe into the quality of assets held by some lenders in the debt-laden bloc.
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Chancellor Angela Merkel must ditch coal in favor of cleaner gas power plants to protect the climate, said the co-leader of Germany’s Greens party, urging a redoubling of efforts to raise carbon prices in the world’s biggest cap-and-trade program.
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EU Competition Commissioner Joaquin Almunia said officials carried out surprise inspections at “a number of producers of white sugar in several Member States,” last month.
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The European Union’s push for a coordinated clampdown on tax evasion gathered pace as the number of countries backing a pilot project for automatic sharing of bank details across borders rose to 17.
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