European Union

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EU Strikes Somali Pirates
 EU Strikes Somali Pirates 
May 15, 2012 7:10 AM CDT

EU Strikes Somali Pirates

First mainland raid a success

(Newser) - The European Union launched its first raid on mainland Somali pirate bases overnight, destroying five of their boats using warships and helicopters. The naval attack was the first under an expanded Operation Atalanta, which gave the EU power to attack both land and sea targets. Last night’s attack focused...

Greek Coalition Talks Drag Into 9th Day

Europe warns: Euro exit no longer inconceivable

(Newser) - Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to a yet another emergency meeting tomorrow that could see the reins of government surrendered to non-politicians. The hectic haggling in Athens cast...

Eurozone Considers Stiffing Greece on Bailout

Officials trying to hold back $6.7B payout amid political upheaval

(Newser) - Eurozone officials are considering holding back a $6.7 billion bailout payment to Greece—a payment it dearly needs to pay the $4.3 billion in bonds coming due next week, sources tell the Wall Street Journal . The chatter comes in response to Greece's recent elections, which swept the...

S. Korea Stores Yank US Beef Over Mad Cow

Mad Cow scare affects two major retailers, but EU, Japan keeping cool

(Newser) - Two of South Korea's biggest grocery chains have temporarily halted the sale of US beef in response to the latest mad cow scare . "Not that there were any quality issues in the meat," a spokesman for the country's third-largest chain tells the AP , "but because...

Dutch Government Close to Collapse as Cuts Talks Fail
Dutch Government Falls
in Austerity Crisis
update
Apr 23, 2012 3:44 PM CDT

Dutch Government Falls in Austerity Crisis

PM Mark Rutte gives bad news to the queen

(Newser) - The Dutch government, one of the most vocal critics of European countries failing to rein in their budgets, quit today after failing to agree on a plan to bring its own deficit in line with EU rules. Prime Minister Mark Rutte tendered the resignation of his entire Cabinet to Queen...

Could Iran Be Brought to Its Knees by ... Insurance?

European insurance sanction will be the toughest to dodge, Reuters says

(Newser) - Could the decisive blow in the West's struggle with Iran involve insurance salesmen? An upcoming European ban on providing maritime insurance for Iran's oil tankers may be the most vexing sanction Tehran has ever faced, experts tell Reuters . That's because 90% of the world's tanker insurance...

EU Bans Assad's Wife From Travel, Shopping

Asma Assad will likely have to tone down free-spending ways

(Newser) - It may not mean much to the forces fighting Syria's government, but it's something: The EU decided today to impose sanctions on first lady Asma Assad, Reuters reports. That means she is no longer welcome for travel and her beloved shopping sprees, adds AFP . She and about a...

US, EU Launch New Google Privacy Probes

FTC investigates breach of Safari browser settings

(Newser) - Last month, it emerged that Google was skirting privacy settings on Apple's Safari browser; now federal, state, and European Union officials are investigating the since-halted practice, which centers on the installation of tracking files. Google faces a $16,000 fine per violation per day—which could add up to...

Sarkozy Threatens to Exit Schengen

His campaign flagging, French Prez tacks to the right

(Newser) - With Nicolas Sarkozy trailing his Socialist rival in the polls, the French president moved sharply to the right in a fiery speech yesterday, blasting the EU, insisting on stricter immigration policies, and calling for a "Buy EU Act"—otherwise, France could withdraw from the Schengen accords, which allow...

To Bust Glass Ceiling, EU Weighs Gender Quotas

Just 13.7% of major firms' boards are female

(Newser) - Only one in seven board members at Europe's biggest firms is female, and the EU Justice commissioner aims to change that. "Self-regulation so far has not brought about satisfactory results," Viviane Reding says. She's begun a public consultation on how to address the matter, and legislation...

EU Signs New Fiscal Treaty
EU Signs New Fiscal Treaty 
Mar 2, 2012 3:14 AM CST

EU Signs New Fiscal Treaty

It's an attempt to prevent euro countries from running up huge debts

(Newser) - The leaders of 25 European states today signed a new treaty designed to prevent the 17 euro countries from living beyond their means and prevent a repeat of the currency union's crippling debt crisis. The leaders hope the accord, known as the fiscal compact, will also lead the way...

Syria: 89% Approved New Constitution

West not convinced, though much of opposition may have boycotted

(Newser) - Syria's new constitution was backed by more than 89% of voters, the nation's Interior Ministry announced today, even as violence continues to rage across the country and the West decries the referendum as a sham . The Interior Ministry claims that more than 57% of Syria's 14 million...

Eurozone Set to Finalize Greece Bailout

Finance ministers inching closer to a $171B deal

(Newser) - Eurozone finance ministers met in Brussels today, in a meeting that they believe will finalize a $171 billion second bailout for Greece, in exchange for roughly $264 billion in Greek government bonds. "I'd like to assume that we will come to a final and definitive agreement tonight,"...

Iran to EU: We're Ready for Nuclear Talks

Country reveals latest nuclear advancements

(Newser) - Following yesterday's display of its nuclear prowess , Iran says it's ready to resume talks over its nuclear program. In a letter to the European Union obtained by CNN , Mahmoud Ahmadinejad proposed re-starting the talks as soon as possible. Yesterday, the country showed off new centrifuges, with the president...

Talks Falter as Greece Warns: We Can't Take Any More Cuts

Bailout discussion foundering despite austerity deal

(Newser) - Greece has made "superhuman" efforts to comply with EU and IMF conditions, but it just can't make any more cuts, the country's public order minister says. An austerity package was passed over the weekend, sparking violent protests across the country , but bailout talks with EU finance chiefs...

Moody's Cuts Rating of 6 European Nations

Britain, France warned that triple-A is in danger

(Newser) - Moody's has followed fellow ratings agency Standard & Poor's lead with a mass downgrading of European credit ratings. Spain, Italy, Portugal, Malta, Slovakia, and Slovenia—all of whose ratings were cut by S&P last month —were downgraded a notch. The agency also revised its outlook on...

Satellites, Drones Spy on Europe's Farms

EU using eyes in the sky to spot subsidy fraud

(Newser) - Satellites and spy drones are scanning farmland in the European Union, and their findings can lead to something nearly as damaging as an air strike: a subsidy cut. The EU spends billions every year in farm subsidies, and eyes in the sky are increasingly being used as a tool to...

Greece Axing 15K Public Jobs

Country caves to creditors' demands

(Newser) - As politicians in the US debate the merits of smaller government, Greece's creditors are forcing it to shrink its public sector. Greece has agreed to cut 15,000 government jobs by the end of this year, and 150,000—a fifth of the total—by the end of 2015....

China Refusing to Pay EU Airspace Carbon Tax

Will Europe stop flights?

(Newser) - China is prohibiting all of its airlines from paying the EU's new carbon tax, a standoff that is likely destined for a World Trade Organization unfair trade practice suit, reports the BBC . The long-planned European Union's Emissions Trading Scheme came into effect the first of the year, and...

Czechs, Brits Reject Deal to Save EU Economy

Critics attack European Union's fiscal belt-tightening deal

(Newser) - The Czechs thought about it, and they said no. All other 27 EU member states except Britain agreed today to join a compact to impose budget discipline on fellow nations, the BBC reports. British Prime Minister David Cameron had already refused to take part, saying that ceding control of his...

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