The European Central Bank agreed yesterday that it would accept writedowns on the face value of its €50 billion ($66.3 billion) in Greek bond holdings, fueling optimism that EU leaders are willing to take more drastic steps to address problems of debt sustainability in the struggling country. (more)
Regulators with the European Union have asked Google to stop rolling out new privacy changes that the company originally introduced earlier this month. (more)
BRUSSELS (AP) — The European Union on Wednesday blocked the Deutsche Boerse’s planned merger with NYSE Euronext, a $10 billion deal that would have created the world’s largest financial exchange operator. (more)
BUDAPEST, Hungary — Hungarians celebrated joining the European Union eight years ago by chopping through the barbed wire that separated them from Austria, eliminating a final vestige of the Iron Curtain. But after years of financial crisis, many here in Europe’s heart are questioning their westward ties. (more)
DAVOS, Switzerland (AP) — Philanthropist and former financier George Soros is urging European authorities to take more decisive action to protect the economies of Italy and Spain from financial strain. (more)
The European Union‘s unprecedented sanctions on Iranian oil exports are aimed at seriously punishing Iran over questions about the nature of its nuclear program, delaying military action, and, however likely or unlikely, spurring talks. (more)
LONDON (AP) — Stock markets traded within fairly narrow ranges Tuesday after big declines the previous day as investors awaited the latest assessment of the U.S. economy from the U.S. Federal Reserve. (more)
Stocks closed sharply lower Monday after doubt emerged that last week’s historic agreement to bind the budgets of European countries more closely together will solve the region’s financial crisis. (more)
NEW YORK (AP) — NEW YORK (AP) – Europe’s fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)? (more)
LONDON (AP) — The leader of the junior party in Britain’s coalition government has criticized Prime Minister David Cameron’s move to block European Union treaty changes, saying it was “bad for Britain” and he was bitterly disappointed by the outcome. (more)
All European Union states except Britain moved toward setting up a new treaty Friday, giving up crucial powers over their own budgets in an attempt to overcome a crippling debt crisis. (more)
Washington Republican Rep. Cathy McMorris Rodgers moderated a “Women’s CEO Panel on Jobs and the Economy” on Monday, where The Daily Caller spoke to her about the European Union debt crisis. (more)
BRUSSELS (AP) — EU foreign ministers failed Thursday to reach an agreement to impose an oil embargo against Iran — a measure that some argued would have choked off funding for Iran’s alleged program to develop nuclear weapons. (more)
It’s often said that help comes to those who help themselves. But Europe can’t seem to help itself. So on Wednesday, the U.S. Fed came to the rescue. And that rescue triggered a global stock market rally, including a near 500-point gain in the United States. (more)
After the horrors of World War II, European leaders such as France’s Robert Schuman, West Germany’s Konrad Adenauer and Italy’s Alcide De Gasperi hoped Europe-wide institutions would submerge rival nationalisms within a unified whole. They started small, with the European Coal and Steel Community, which was formed in 1951 among six Western European nations. But today the European Union is growing into an all-encompassing political union, including an ill-conceived common currency and a European Central Bank that sets a single monetary policy for 17 of the E.U.’s 27 member states. (more)
Sitting alongside two of the E.U.’s many unelected presidents yesterday, U.S. President Barack Obama declared: “The United States stands ready to do our part to help [the E.U.] resolve this issue.” White House spokesman Jay Carney was quick to point out that President Obama didn’t mean that America would be sending more U.S. dollars Europe’s way. Rather, he said, the president wants to see the E.U. take more “decisive action” to solve the Eurozone’s two-year sovereign debt crisis. (more)
BRUSSELS (AP) — The European Union wants to replace a mishmash of national laws on data protection with one bloc-wide reform, updating laws put in place long before Facebook and other social networking sites even existed. (more)
A constitution for the European Union may be the bloc’s best option for overcoming the debt crisis currently facing member states, says CNBC reporter Rick Santelli. (more)
PARIS — The highest court in the European Union said Thursday that Internet service providers could not be required to monitor their customers’ online activity to filter out the illegal sharing of music and other copyrighted material. (more)
PARIS (AP) — Fitch warned Wednesday that France risks losing its triple-A credit rating if Europe’s leaders don’t stop the eurozone crisis from worsening. (more)
