Latest in Tag: EU Highlight

Latest in Tag: EU

Turkey bolsters Egypt’s coffers

The Turkish government has agreed to inject US two billion into Egypt’s ailing economy following the visit of an Egyptian delegation to Istanbul for the purpose of strengthening Turkish-Egyptian economic ties. The government’s quest to bridge the state budget deficit and promote economic growth was recently manifested by a request to increase the proposed International …

Islam Serour

Once-resilient Germany catches Europe’s crisis fever

Frankfurt (AFP)  — Germany long appeared immune to Europe’s debt crisis, as deep reforms undertaken years ago helped steel the economic powerhouse against the current financial storms lashing its neighbours. But a raft of new economic data suggest that Germany, too, is slowly succumbing to the crisis fevers and could even fall back into recession …

Daily News Egypt

Germany, France vow to do ‘protect eurozone’

Berlin (AFP) — The leaders of Germany and France threw their political support Friday behind ECB chief Mario Draghi’s vow to do “everything” to protect the eurozone, after another brutal week of market turmoil. German Chancellor Angela Merkel and French President Francois Hollande said in a joint statement released in Berlin and Paris after a …

Daily News Egypt

Hungary prepares for tough credit talks with IMF-EU

Budapest (AFP) – Hungary and the International Monetary Fund (IMF) will take a new stab at a 15-billion-euro credit line deal, starting on Tuesday, following months of delay due to controversial central bank reforms. A delegation of representatives from the IMF and European Union (EU) is due to arrive in Budapest Tuesday for negotiations until …

Daily News Egypt

EU warns Egypt against cotton import ban

By Omar Abdel Hamid and Mohamed Salah El-Din The European Union warned the Egyptian government over the continuation of banning cotton imports. In a statement to the Egyptian Ministry of Agriculture, the EU said that the decision to ban cotton imports is a violation of the General Agreement on Tariffs and Trade (GATT), and must …

Daily News Egypt

Iran's chief nuclear negotiator Saeed Jalili gives a press conference in Istanbul 22 January 2011 (AFP)

Iran warns EU of ‘repercussions’

Iran’s chief nuclear negotiator, Saeed Jalili, warned the European Union in a letter sent on Thursday that new sanctions will have “repercussions” on talks over his country’s atomic activities.

Daily News Egypt

EU names 17 Iranians sanctioned over human rights

By Justyna Pawlak and Marcus George / Reuters BRUSSELS/DUBAI: The European Union has imposed sanctions on 17 Iranian officials, including prominent members of the government and the judiciary it says play a key role in serious human rights violations. Agreed by EU foreign ministers on Friday, the new sanctions list, published on Saturday, includes the minister …


EU leaders pay tribute to Coptic pope

By AFP BRUSSELS: European Union leaders on Sunday paid tribute to Egypt’s Coptic Pope Shenouda III, spiritual leader of the Middle East’s largest Christian minority, stressing his commitment to national unity. “Pope Shenouda III was a respected and visionary leader of the region’s largest Christian community, who advocated tolerance, religious dialogue and harmony,” EU chief …


Europe’s trust deficit

By Barry Eichengreen BERKELEY: There is no shortage of talk nowadays about Europe’s deficits and the need to correct them. Critics point to governments’ gaping budget deficits. They cite the southern European countries’ chronic external deficits. They highlight the eurozone’s institutional deficits — a single currency and a central bank but none of the other elements …


EU hits Assad’s ministers with new Syria sanctions

By Agencies BRUSSELS: The European Union imposed sanctions on seven Syrian cabinet ministers on Tuesday for their role in a bloody crackdown on dissent, the latest move aimed at pressuring President Bashar Al-Assad to step down. As Assad’s forces continued to shell opposition strongholds the EU issued a list of top officials it said were …


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