During a press conference in the Australian National University in Canberra, European Commissionâs president, Jose Manuel Barroso, stated that European leaders at national level have an absolute determination âto do everything is necessary to keep the stability of the Euroâ.
His comments came as financial markets are worrying over another possible global recession.
President of the European Council, Herman van Rompuy, met with Finnish Primer Minister Jyrki Katainen during his visit to Finland on Monday in order to find a solution over Finlandâs demand of a collateral for its contribution to a second Greek bailout.
Speaking after talks with Finnish leaders, Van Rompuy reaffirmed the euro zoneâs commitment to resolving this matter and his confidence in reaching an agreement with all the members soon. âFinland has specific sensitivities, but we have the common duty to find solutions for all the problems raised by the 17 member statesâ, he stated.
Likewise, Primer Minister Katainen agreed on the need of finding a solution âsuitable for Finland and the other creditorsâ.
European Commissionâs president, Jose Manuel Barroso, on Monday visited the Australian Prime Minister, Julia Gillard, and cabinet ministers, in his first ever visit to Australia.
During a press conference in Canberra, Barroso stated that âEurope wonât slide back into recessionâ when he was asked about worries over another possible global recession.
He also congratulated Australia on its economic performance and promised to boost the relationship.
Foreign ministers of the 27 member states of the European Union met in Sopot, Poland, at the weekend for their informal meeting under the Polish presidency of the European Union in the second half of 2011.
The ministers, together with EU foreign policy chief Catherine Ashton, discussed the EU's plans to support Libya, a possible oil embargo for Syria and the 'Eastern Partnership', the strategy for dealing with countries such as Ukraine, Belarus and Russia.
The twice-yearly informal meeting of EU foreign ministers is also known as the 'Gymnich' meeting, named after the town in Germany where such regular meeting was first held.
The EU freed up yesterday (1 September) billions of dollars to help Libya's new rulers rebuild a nation torn by 42 years of one-man rule and six months of civil war, as Muammar Gaddafi urged his supporters to continue fighting.
"Let it be a long battle. We will fight from place to place, from town to town, from valley to valley, from mountain to mountain," Gaddafi said in a message relayed by satellite TV on the anniversary of the coup that brought him to power in 1969.
"If Libya goes up in flames, who will be able to govern it? Let it burn," he said, speaking from hiding.
In further comments broadcast later, he vowed to prevent oil exports, in the kind of threat that stirs fears of an Iraq-style insurgency: "You will not be able to pump oil for the sake of your own people. We will not allow this to happen," Gaddafi said. "Be ready for a war of gangs and urban warfare."
http://www.euractiv.com/en/global-europe/eu-lifts-assets-freeze-gaddafi-vows-fight-news-507233
Europeâs economy, the troubles with Greece and the euro and relations with Europeâs neighbors in the East and the Arab world are at the top of the EUâs agenda as eurocrats in Brussels return from their summer break and get back to work.
The European Commission held a two-day seminar this week at the Africa museum in Brussels to kick-start their activities. President Jose Manuel Barroso is confident that Europe can overcome its problems.
Frictions between member states over the Greek rescue package that was reached in July will continue to flare up during the coming weeks. Barrosoâs commission will play a key role when it comes to ensuring that this Greek package is implemented.
The weeks ahead will show many more important meetings at an EU level. Poland will host a number of key ministerial meetings, and the European Parliament has 2 plenary sessions scheduled in Strasbourg.
The European Parliament on Monday expressed broad support and full confidence in the way that the European Central Bank is handling what clearly is the worst financial crisis since the second World War.
Â
Addressing a packed committee-room in Brussels, ECB chief Jean-Claude Trichet said that the ECB, together with national central banks, has spent more than 115 billion euro since the crisis began. This money was spent on  distressed bonds from countries like Greece and Portugal in order to support the market.
"The security market programmes strictly aims at correcting mal functioning of markets. The prohibition of monetary financing underlines precisely the fact that budgetary discipline is of the utmost importanceâ, Trichet said.
Â
Responding to concerns about a possible lack of liquidity in the Eurozone, Trichet said that this simply was not a possibility because of the immense volumes of money that circulates in Europe.
Â
Trichet said that buying troubled bonds in the open market does not clash ...
Europe's foreign policy chief Catherine Ashton travelled to Israel and the Palestinian territories this weekend in an attempt to get the parties to return to the negotiating table and get the Middle East Peace Process back on track.Â
Palestine is preparing to apply for membership of the United Nations in September. Ashton wants to push the Palestineans and Israel to get back to the negotiating table. The talks have been suspended for almost a year because of the dispute over Jewish settlements in Palestine.
Ashton met with Palestinian President Mahmoud Abbas and Prime Minister Salam Fayyad on Sunday and also discussed the peace process with Norway's foreign minister.
In her meeting with Israeli government representatives, Ashton was told that Israel feels that the Palestinian plan to seek UN statehood recognition is "counter-productive" and "misguided."
Ashton's three-day visit to the Middle East ends on Monday with a visit to Jordan's King Abdullah.
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
International efforts to fight the famine in Somalia are in trouble now that Islamist groups in the country continue to deny access to aid workers.
Only the Norwegian Refugee Council, the Red Cross and Islamic Relief are not banned from working inside Somalia.
It means the European Union has the rely on these organisations to provide aid inside Somalia, and on camps like this one in Doolow, near the borders with Kenya and Ethiopia in areas that that are not controlled by Al Shabab.
Kristalina Georgieva, EU Commisisoner for Humanitarian Aid and Crisis Response: "We can get aid into the famine zones and we also can make it possible for many more places in Somalia to be provided with food, water, medical support. So IDPs do not have to cross all the way into Ethiopia or in Kenya, creating a bigger refugee problem for the future."
Somalia's Al-Shabab islamist movement has said that the famine that has been declared by the United Nations was a 'politically motivated lie'.
Al-Shabab has banned 16 aid ...
U.S. Secretary of State Hillary Clinton and European Union High Representative Catherine Ashton on Monday sharpened the international criticism of Syrian President Bashar el-Ashad after mobs supported by the government attacked the U.S. and French embassies in Damascus.
Clinton and Ashton made these comments at their joint press conference in the State Department in Washington.
Ukraine has been a member of the European Energy
Community since February 2011, and is now only
several steps away from a major overhaul of its energy
sector.
Announced privatisation of energy generation and
distribution assets is seen as a way to boost
modernisation of energy infrastructure -- in a country
where 90% of thermal plant power blocks and 20% of
distribution networks need to be replaced.
However, much work still needs to be done to make the
upcoming reforms a success.
⢠What is needed to mobilise the investment
necessary for the upgrade of the energy
system? What can attract responsible and
committed investors?
⢠What will be the impact of the reforms on the
domestic energy market, related sectors, the
whole Ukrainian economy and security of
supply? What benefits are there for
consumers?
⢠What relevant lessons can be learnt from
the past history and current models of
liberalised energy markets in Western
Europe?
Invited contributors include:
⢠BogusÅaw LIBERADZKI, ...
Ukraine has been a member of the European Energy
Community since February 2011, and is now only
several steps away from a major overhaul of its energy
sector.
Announced privatisation of energy generation and
distribution assets is seen as a way to boost
modernisation of energy infrastructure -- in a country
where 90% of thermal plant power blocks and 20% of
distribution networks need to be replaced.
However, much work still needs to be done to make the
upcoming reforms a success.
⢠What is needed to mobilise the investment
necessary for the upgrade of the energy
system? What can attract responsible and
committed investors?
⢠What will be the impact of the reforms on the
domestic energy market, related sectors, the
whole Ukrainian economy and security of
supply? What benefits are there for
consumers?
⢠What relevant lessons can be learnt from
the past history and current models of
liberalised energy markets in Western
Europe?
Invited contributors include:
⢠BogusÅaw LIBERADZKI, ...
Ukraine has been a member of the European Energy
Community since February 2011, and is now only
several steps away from a major overhaul of its energy
sector.
Announced privatisation of energy generation and
distribution assets is seen as a way to boost
modernisation of energy infrastructure -- in a country
where 90% of thermal plant power blocks and 20% of
distribution networks need to be replaced.
However, much work still needs to be done to make the
upcoming reforms a success.
⢠What is needed to mobilise the investment
necessary for the upgrade of the energy
system? What can attract responsible and
committed investors?
⢠What will be the impact of the reforms on the
domestic energy market, related sectors, the
whole Ukrainian economy and security of
supply? What benefits are there for
consumers?
⢠What relevant lessons can be learnt from
the past history and current models of
liberalised energy markets in Western
Europe?
Invited contributors include:
⢠BogusÅaw LIBERADZKI, ...
As eurozone heads of state prepare for a summit on Thursday (21 July) to put together a second bailout package for debt-laden Greece, German Chancellor Angela Merkel said she wanted clear commitments from private investors that they would contribute to further funding.
http://www.euractiv.com/en/future-eu/merkel-draws-red-lines-ahead-eurozone-su...
Late on Friday (15 July), the services of European Council President Herman van Rompuy issued a short statement announcing that a summit of the euro zone would be held on 21 July in Brussels.
Starting at midday, the summit agenda "will be the financial stability of the euro area as a whole and the future financing of the Greek programme".
21 July is Belgium's National Day, and the local press predicts that Brussels police will be severely tested by having to handle in parallel two events of such magnitude.
The announcement went some way to defuse uncertainty over the EU's readiness to act to prevent contagion from the Greek crisis from spreading to Italy ...
Leaders of the 17 countries that use the euro as their currency have 'not excluded' to organize a special debt summit, EU Council President Herman van Rompuy said on Tuesday. Some diplomats have suggested a summit might take place as early as Friday in Brussels.
A date for such a summit has yet been picked, nor has a decision on holding such a meeting been made.
"There is a very stronger commitment at the highest level to do whatever is necessary to safeguard the financial stability of the euro area," said Van Rompuy at a press conference in Madrid following his meeting with Spanish Prime Minister Jose Luis Zapatero.
Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include ...
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include fresh emergency loans to Athens from euro ...
While a Belgian police helicopter hovers overhead, German Chancellor Angela Merkel delivers a statement to the media before the July 2011 Eurozone summit in Brussels.
Video source: EU
EurActiv.com reports: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for ...
Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include ...
This man is the center of attention at the July crisis meeting here in Brussels as the leaders of the 17 eurozone countries try to hammer out a deal to save Greece from total financial collapse.
His name is Josef Ackermann. He is chief executive of one of Europe's biggest banks, Deutsche Bank. And, he is chairman of the International Institute of Finance, an international bank lobbying group set up to deal with international debt crisis.
It's not the first time that this Swiss-born banker visits the European Council. This footage is from November last year, when he was invited to address finance ministers.
Unlike previous summits, officials did not make available the institutional video footage of the actual meeting of EU leaders. That footage, like this from a previous meeting, usually shows EU leaders meeting informally before they start their actual talks.
In this case however, it's clear that likes of Angela Merkel, Herman van Rompuy and Nicolas Sarkozy did not want to be seen taking direct ...
International efforts to fight the famine in Somalia are in trouble now that Islamist groups in the country continue to deny access to aid workers.
Only the Norwegian Refugee Council, the Red Cross and Islamic Relief are not banned from working inside Somalia.
It means the European Union has the rely on these organisations to provide aid inside Somalia, and on camps like this one in Doolow, near the borders with Kenya and Ethiopia in areas that that are not controlled by Al Shabab.
Kristalina Georgieva, EU Commisisoner for Humanitarian Aid and Crisis Response: "We can get aid into the famine zones and we also can make it possible for many more places in Somalia to be provided with food, water, medical support. So IDPs do not have to cross all the way into Ethiopia or in Kenya, creating a bigger refugee problem for the future."
Somalia's Al-Shabab islamist movement has said that the famine that has been declared by the United Nations was a 'politically motivated lie'.
Al-Shabab has banned 16 aid ...
Gilles de Kerchove, the European Union's anti-terror coordinator, said in a public statement that his service is going to encourage the sharing of 'best practices' in Europe in terms of dealing with extremism and the prevention of radicalisation in both left, Islamist and right-wing extremist corners.
Eurozone leaders at their July 2011 emergency summit on the Greek financial crisis attempted to explain the financial details of the deal that is supposed to save Greece and the euro. This compiliation is based on actual quotes given during their press conferences in Brussels.
The European Union on Monday urged Libya's Colonel Gaddafi to accept the will of his people and step down immediately in order to avoid further bloodshed.
In a joint statement, Commission President Jose Manuel Barroso and Parliament chief Jerzy Buzek promised that the EU will continue to support the democratic transition and economic reconstruction of Libya.
Europe's foreign policy chief Catherine Ashton on Monday that Gaddafi's regime is in its "last moments".
Ashton already met with Libya's resistance movement back in May, when the EU opened an office in the Libyan city of Benghazi.
Eurozone leaders at their July 2011 emergency summit on the Greek financial crisis attempted to explain the financial details of the deal that is supposed to save Greece and the euro. This compiliation is based on actual quotes given during their press conferences in Brussels.
A leading terrorism expert working for the European Council on Thursday warned of the possibility of attacks that copy the method of last Friday's terrorism attacks in Norway. Timothy Jones, advisor to the EU's anti-terror chief Gilles de Kerchove, European Union counterterrorism officials are working to develop a variety of techniques, including quicker sharing of information and a better understanding of what triggers the rare radical to turn to violence, in an effort to prevent future attacks like the July 22 massacre in Norway.
After the Czech Republic and Hungary, Poland this month has become the third country in the east of Europe to run the rotating presidency of the 27-country European Union.
Also read: http:/*****ly/mHuu2s
Prime Minister Donald Tusk said his country is ready to take on the challenge of countering a new wave of Euroscepticism and convincing other members about the good of the European project.
Poland is economically well-placed to take the lead in Europe in troubled financial times. It's economy is growing at a rate of about 3.5 percent per year, with rising incomes for most people.
The growth in purchasing power also makes Poles enthousiastic about the EU: 4 out of five are positive about their country's membership of the EU.
One possible distraction is looming. In October, Poland will hold parliamentary elections. That likely means that certain statements from Polish officials will have to be viewed in their specific electoral context.
Euronews, a traditional tv-channel controlled by public broadcasters mostly from the south and east of Europe and subsidized by the European Commission, on Tuesday opened a new office in the heart of the EU quarter in Brussels. EU Commission Vice President was among those that attended the opening. The office takes up two floors, is about 400 square meters, includes a three-camera studio, a master control room and an edit suite, and workspaces for about 20 people. At the opening, Reding said that 1 out of every 25 official EU Commission communications proposals was about strengthening Euronews.
Mario Draghi, President of the Bank of Italy, on Tuesday was recommended to succeed Jean-Claude Trichet as ECB President in an Economic and Monetary Affairs Committee vote on Wednesday. The committee opinion - 33 in favour, 2 against and 4 abstentions - now needs to be confirmed by a vote of Parliament as a whole, scheduled for 23 June.
As workers in Greece prepare for a general strike today (15 June), EU finance ministers yesterday night failed to reconcile a German-led push for bondholders to share part of the cost of a new Greek aid package, amid warnings from the European Central Bank (ECB) that any coercive solutions could unleash a new wave of contagion.
http://www.euractiv.com/en/euro-finance/eurozone-ministers-struggle-agree-new-aid-greece-news-505625
"There has been no result," German Finance Minister Wolfgang Schaeuble told reporters after talks in Brussels which ended late yesterday. Eurozone finance ministers agreed to meet again on 19 June.
Ministers did concede that some progress was made despite the lack of agreement. "We are very close to an agreement with all private partners. But there must be a balance: a real effort on Greece's part - help from the IMF, the euro zone and the European Union; and participation of the private sector," said Belgian Finance Minister Didier Reynders.
Finnish Finance Minister Jyrki ...
Finland becomes the latest EU member state where eurosceptics rise to power http://twurl.nl/iv7u6j
Brussels gets ready to present its plans on net neutrality http://twurl.nl/y1oiv5
And Hungary today is set to adopt a controversial new constitution. http://twurl.nl/mdiakw
Finnish voters on Sunday threw sand in the gears of European Unionplans to bail out Portugal by thrusting the anti-euro True Finns party into a crucial role in parliament and possibly into government.
Unlike other parliaments in the Eurozone, the Finnish parliament has the right to vote on EU requests for bailout funds, meaning it could hold up costly plans to shore up Portugal and bring stability to debt markets.
The centre-right National Coalition narrowly won with 20.4% of the final vote. The True Finns made the biggest election gains of any party, winning 19.0% compared to 4.1% in 200. And that means they are likely to be involved in talks on forming a government.
In Brussels, the European Commission is set to unveil ... Distributed by Tubemogul.
The United Nations have expressed concern following a significant drop in the numbers of displaced refugees arriving in Tunisia, and surrounding countries following libya's continued unrest. A UN chief has also expressed grave concerns regarding the Ivory Coasts outbreak of violence, saying a civil war is likely. Distributed by Tubemogul.
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At the Foreign Affairs Council in Brussels Sweden's Foreign Affairs Minister Carl Bildt spoke about the EU's role in helping to find a two state resolution to the ongoing Israel - Palestine conflict. The Council this afternoon is set to be dominated by the subject following last weeks appeal by a number of eminent ex European Commissioners and leaders, that Ms Catherine Ashton adopt a hardline approach to Israel's continued settlement building on disputed Palestinian territory. Distributed by Tubemogul.
At a meeting of the Ecofin ministers, Olli Rehn, the European Commissioner for Economic and Monetary affairs has said he believes that the tough Fiscal consolidation measures being undertaken by European member states is yielding results.
Following Fiscal consolidation on the agenda: The permanent crisis resolution mechanism, its size, and the nature of its permanence Distributed by Tubemogul.
The European Union, in collaboration with 14 Danube Basin countries has launched the Danube Strategy, in order to connect the region, stimulate trade, transport, and tourism, protect the environment, and strengthen the region's administrative capacities.
There are regional development funds in place for the region estimated at 100 billion over 7 years. Distributed by Tubemogul.
Jose Manuel Barroso has expressed his 'solidarity with the Greek people, who are in the midst of an EU-IMF Bailout package, and who need to implement tough austerity measures, and heavy reforms. Mr Barroso also announced his intention to see the Bailout package for Greece being used as a source of funding for new, needed infrastructure projects. However, he added that this suggestion had not been met with 'enthusiasm' for some member states. Distributed by Tubemogul.
Connie Hedegaard the EU's Climate Action commissioner has said she is happy that some progress has already been made during the previous week of the Cancun Summit on Climate change, in Mexico.
However, she also spoke of needing to concretize said progress in the form of usable, implementable document, to which governments could adhere.
The Summit continues all this week, and progress as usual is expected to be fraught with political posturing, and unwillingness to be bound to specifics. Distributed by Tubemogul.
Fondation EurActiv on Friday hosted a Stakeholder Workshop on the new EU Transparency Register that is being proposed jointly by the European Parliament and the European Commission. Distributed by Tubemogul.
The European Commission is close to adopting a special strategy for the Danube region. This EUX.TV report takes a closer look at the EU plans that will be announced next week. Distributed by Tubemogul.
Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs gave a keynote speech at the AFME "The Next Steps to Securing Financial Stability Event".
AFME promotes fair, orderly, and efficient European wholesale capital markets and provides leadership in advancing the interests of all market participants. Distributed by Tubemogul.
At a press conference today in Brussels, Janusz Lewandowski, Member of the EC in charge of Budget and Financial Programming, presented a new draft EU budget for 2011 after the failure of the conciliation procedure between the European Parliament and the Council on 15 November 2010. Distributed by Tubemogul.