France and Germany are to sound out European leaders about their plan to defuse the eurozone’s debt crisis, to rally support before an EU summit.
No image available
/ 28 November 2011
The OECD says the eurozone’s debt crisis is the biggest threat to the global economy and a break-up of the currency zone can no longer be ruled out.
France and Germany unveiled far-reaching plans for closer eurozone integration, but maintained a common euro bond issuance would have to wait.
The European Commission slapped Microsoft on Wednesday with a new fine of €280,5-million for failing to fully respect a 2004 antitrust ruling, but the software giant vowed to appeal. Raising the pressure on Microsoft, the European Union competition watchdog also threatened additional fines of €3-million ($3,82-million) a day from the end of the month if the company continued to defy the ruling.
No image available
/ 12 October 2005
Controversy over the frequently tragic attempts of African immigrants to storm the European Union’s Spanish borders clouded European Union talks on Wednesday, amid a claim the bloc is trying to erect new "Berlin walls". EU justice commissioner Franco Frattini briefed ministers about an EU mission to the Spanish enclaves of Ceuta and Melilla in North Africa, which have been assaulted by waves of African would-be EU immigrants.