France, Italy oppose EU strict financial policy

France, Italy oppose EU strict financial policy

(VOVworld) – French President Francois Hollande and Italian Prime Minister Matteo Renzi on Tuesday voiced their protests against the EU’s strict budgetary policy, adding that it was impeding the...
2013: Instability and hot spots remain

2013: Instability and hot spots remain

(VOVworld)- Contrary to optimistic signs of the global economy, the world witnessed several political fluctuations last year. Continuous global security challenges are worrying the public about the possibility of resolving...
UK may leave EU over reform failure

UK may leave EU over reform failure

(VOVworld) – Britain’s Chancellor of Exchequer George Osborne raised the prospect of Britain leaving the European Union (EU) if the 28-nation bloc fails to undertake fundamental reforms to improve competitiveness,...
Greece assumes EU presidency

Greece assumes EU presidency

(VOVworld) - Greece on Wednesday assumed the six-month rotating presidency of the European Union, as its economy faces brighter prospects
Eurozone aproves 1 billion euro rescue loan for Greece

Eurozone aproves 1 billion euro rescue loan for Greece

(VOVworld) - The euro zone will send Greece 1 billion euros this week as part of its international bailout program. Financial ministers of eurozone countries made the decision at a Tuesday meeting in Brussels after months of...
U-turning Italian politics

U-turning Italian politics

(VOVworld)- Italian Prime Minister Enrico Letta won a confidence vote in parliament on Wednesday after Silvio Berlusconi, facing revolt in his own center-right party, backtracked on threats to bring...
Merkel in TV debate with rival before election

Merkel in TV debate with rival before election

German Chancellor Angela Merkel faces off her Opposition challenger Peer Steinbrueck on Sunday night in their only TV debate before the September 22 general election as polls have been suggesting Merkel...
Eurozone’s longest recession ends

Eurozone’s longest recession ends

Data from Eurostat, the European Union's statistics office, on Wednesday showed that the Eurozone’s GDP grew 0.3% in the second quarter, ending its longest recession since its...
Gloomy European economy

Gloomy European economy

(VOVworld)- A conference opened in London on Thursday to discuss the future of Europe in the global economy. As the public debt crisis enters its third year and Europe continues to suffer...
Italy’s coalition government sworn in

Italy’s coalition government sworn in

(VoVworld) - Prime Minister Enrico Letta's new Italian government was sworn in on Sunday bringing hopes for the country to deal with the political stalemate over the past 2 months
WTO cuts 2013 trade growth forecast

WTO cuts 2013 trade growth forecast

The World Trade Organization (WTO) on Wednesday cut its trade growth forecast for 2013 because of risks from the eurozone crisis and growing protectionism