Annual inflation in the 16-member euro zone has increased from 1.4% in June to 1.7% last month – a 20-month high. On a monthly basis, prices fell 0.3% in July. According to the EU statistics agency Eurostat, inflation was driven by higher fuel costs. Meanwhile, across the 27 nations in the European...
Posted to
Finance
on 08-16-2010
Filed under: All Financial News, euro zone, Economy News, inflation, rise, growth, VAT, Eurostat, July, European Union, fuel costs, 20-month high
International Monetary Fund (IMF) and European Union (EU) auditors have today said Greece has made “considerable progress” in dealing with its public deficit.
For many months now, Greece has been making big cuts to public spending. However, this has met with strong opposition from unions.
Greece’s two...
Posted to
Finance
on 08-05-2010
Filed under: All Financial News, Economy News, Debt News, deficit, IMF, International Monetary Fund, loan, EU, strike, European Union, September, cuts, Greece, protests, instalment, audit, progress
For better or worse, my time is up as Brussels bureau chief for the Financial Times, so this is my last post on this blog. My successor, Peter Spiegel, will arrive in September. I wish him, and all the readers and contributors to the Brussels Blog, the very best.
Leaving Brussels after three years feels...
Posted to
Comment
on 07-22-2010
Filed under: European Union, eu, Financial Times
The European Union is nothing if not addicted to targets. Promises to achieve particular goals by specific dates are part and parcel of the EU’s daily business. Sometimes the objectives are met, sometimes they are not met, and sometimes it’s hard to tell either way. European monetary union...
Posted to
Comment
on 06-16-2010
Filed under: European Union, euro, European monetary union, 2020 strategy, Lisbon Agenda, Europe 2020, Economic governance, EU unemployment, EU labour market, EU Parliament