BRUSSELS—European officials are stepping up contingency planning for a possible Greek exit from the euro zone, even as Europe’s leaders struggled to overcome differences on how to resolve the currency bloc’s crisis at a summit meeting here. (more)
Germany announced May 9 that it will delay passage of legislation on the European Union bailout fund until after the French parliamentary elections next month, the Dow Jones Newswire reports. (more)
NEW YORK (CNNMoney) — Stronger-than-expected growth in Germany was enough to help the European Union and the 17-nation eurozone avoid falling into recession for the second time since 2009 during the first three months of this year. (more)
BRUSSELS — Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout terms and stays the course of its painful austerity program to prevent even worse economic hardship. (more)
As of Jan. 1, 2012, the European Union expanded its Emissions Trading Scheme (ETS) to cover all airlines, including non-European airlines. (more)
BRUSSELS (AP) — The bailout has saved Europe, for now, but it’s unlikely to save Greece. (more)
The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a “haircut” on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. (more)
TEHRAN, Iran (AP) — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports. (more)
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)
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