“European Union” on The Daily Caller

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)

The world economy has once again dodged Armageddon. The European Union finally forged a Greek bond deal and established a rescue fund big enough to ring-fence banks and sovereign debt, in order to avoid a catastrophic, Lehman-like contagion event. At the same time, the U.S. economy moved away from the threat of recession with a third-quarter real GDP report of 2.5 percent. In response, stocks are soaring. We’ll live to see another day. (more)