Euro ministers agree to ease bank levy conditions for Cyprus

Last Updated: Tuesday, March 19, 2013, 12:58

Faced with mounting public outrage in Cyprus and hostile reaction from global financial markets, the euro zone finance ministers have decided to ease the conditions of a bank levy for small savers, which was agreed last Saturday as part of a 10 billion-euro (13 billion dollars) bailout for the debt-stricken nation.

EU leaders hold talks on growth

Last Updated: Friday, March 15, 2013, 11:58

Against the backdrop of easing market pressure but rising unemployment rate, top leaders of the European Union (EU) have held broad talks on growth without making concrete decisions on the first day of the two-day spring summit in Brussels.

EU summit to focus on growth, jobs

Last Updated: Thursday, March 14, 2013, 13:07

European Union (EU) leaders are scheduled to meet in Brussels Thursday and Friday to iron out measures to promote growth and create jobs in Europe which is still mired in the debt crisis.

Venezuela prompted EU to change summit declaration

Last Updated: Sunday, January 27, 2013, 11:06

Oil-rich Venezuela have scored a victory when it persuaded European delegates at a 60-nation summit to back down on a key point in the gathering`s final document.

EU budget talks inconclusive; ends without deal

Last Updated: Saturday, November 24, 2012, 10:44

German Chancellor Angela Merkel said it was no drama and the chances of a deal in early 2013 were good.

European summit in Brussels heading for collapse

Last Updated: Friday, November 23, 2012, 09:41

Angela Merkel has said that positions were still far apart and a deal this week seemed unlikely.

EU budget summit begins today

Last Updated: Thursday, November 22, 2012, 11:50

European Union chief Van Rompuy had last week tabled a draft EU budget aiming to mollify Britain, which wants deep reductions to EU spending plans.

EU leaders for single banking supervisor

Last Updated: Friday, October 19, 2012, 09:00

Europe is advancing towards single banking supervisor as the European Union leaders have agreed upon establishing a single banking supervisor for the euro zone, a news wire has reported.

EU leaders to meet on $41 billion rescue package for Greece

Last Updated: Thursday, October 18, 2012, 13:13

European Union leaders are expected to clear the way for releasing 31.5 billion euro (USD 41 billion) in urgently-needed financial assistance for debt- stricken Greece at their two-day summit which opens in Brussels on Thursday.

Merkel set for confrontation with other EU leaders over bonds

Last Updated: Thursday, June 28, 2012, 15:17

On the eve of the two-day summit in Brussels, Merkel renewed her rejection of euro bonds as "wrong and counterproductive."

Greek PM on rest after eye surgery, to miss EU summit

Last Updated: Sunday, June 24, 2012, 19:37

The EU summit that is scheduled to take place in Brussels next week on June 28-June 29.

Indian professionals to help Europe in long run: EU

Last Updated: Wednesday, May 23, 2012, 23:41

The European Union, which is negotiating a comprehensive trade pact with India, on Wednesday, said allowing free movement of Indian professionals will help the 27-nation bloc in the long run.