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abtest

EU revises growth forecasts up slightly

By Juergen Baetz | February 26, 2014 - 4:03am

Economic growth across Europe is expected to be slightly stronger this year as the recovery gains ground, according to the European Commission's new forecast released yesterday.

World

EU extends Spain's deficit timeline by 1 year

July 11, 2012 - 5:18am

The European Union worked towards stabilizing Spain's finances yesterday as it backed up the blueprint for the country's €100 billion bank bailout plan with plans to grant the country an extra year to cut...

EU calls for 'banking union' to ease crisis

May 30, 2012 - 10:59pm

The European Union's executive office on Wednesday called on the 17 countries in the eurozone to create a "banking union" that can centrally oversee and — if needed — bail out the sector,...

Eurozone nations offer euro30 billion loans to Greece

April 12, 2010 - 1:00am

Greece's European partners tossed a financial lifeline yesterday to Greece, offering euro30 billion in loans this year to help ease a debt crisis that has hiked the country's borrowing costs and slammed Europe's...