Items by By STEPHEN CASTLE
NYT > Business
-
European Rescue Fund May Face Biggest Test Yet
Posted: April 19th, 2012, 3:33am EDT by By STEPHEN CASTLE
Tags: [edit]
Concern over the health of Spain’s banks has fueled speculation that, for the first time, the bailout fund might be needed to help recapitalize the financial institutions of a big country.
NYT > Home Page
-
European Rescue Fund May Face Biggest Test Yet
Posted: April 19th, 2012, 3:33am EDT by By STEPHEN CASTLE
Tags: [edit]
Concern over the health of Spain’s banks has fueled speculation that, for the first time, the bailout fund might be needed to help recapitalize the financial institutions of a big country.
NYT > Business
-
Greece Gets Formal Approval for Second Bailout
Posted: March 14th, 2012, 6:47pm EDT by By STEPHEN CASTLE
Tags: [edit]
The announcement marked the end of negotiations that provoked fierce tensions between Greece and its creditors, and which periodically teetered close to failure.
-
European Parliament Proposes Sweeping European Powers Over Credit Ratings
Posted: February 28th, 2012, 3:26pm EST by By STEPHEN CASTLE
Tags: [edit]
The proposal would give the bloc the right to ban sovereign ratings if countries do not want them.
-
Europe Forecasts ‘Mild Recession’ for Euro Zone in 2012
Posted: February 23rd, 2012, 5:06pm EST by By STEPHEN CASTLE
Tags: [edit]
Contractions seen in Italy and Spain led the European Commission to lower its growth forecast for the entire currency bloc.
-
Amid Efforts to Rescue Greece, a Lack of Trust From Allies
Posted: February 11th, 2012, 3:00am EST by By STEPHEN CASTLE
Tags: [edit]
While Portugal, Ireland and other countries may be struggling, Greece has found itself in a category of its own — a nation the rest of Europe no longer trusts.
NYT > Home Page
-
Amid Efforts to Rescue Greece, a Lack of Trust From Allies
Posted: February 11th, 2012, 3:00am EST by By STEPHEN CASTLE
Tags: [edit]
While Portugal, Ireland and other countries may be struggling, Greece has found itself in a category of its own — a nation the rest of Europe no longer trusts.
NYT > Business
-
E.U. Leaders Set to Conclude Austerity Is Not Enough
Posted: January 30th, 2012, 12:07pm EST by By STEPHEN CASTLE
Tags: [edit]
Bowing to mounting evidence about the risks of plunging fragile economies into a downward spiral, a draft summit meeting communiqué calls for "growth-friendly consolidation."
-
Strong Bond Sale in Spain and Russian Support Fail to Lift Euro
Posted: December 15th, 2011, 10:45am EST by By STEPHEN CASTLE
Tags: [edit]
Russia said it could contribute up to $20 billion to the I.M.F., while Spain pulled off a surprisingly strong debt auction.
NYT > Home Page
-
Strong Bond Sale in Spain and Russian Support Fail to Lift Euro
Posted: December 15th, 2011, 10:45am EST by By STEPHEN CASTLE
Tags: [edit]
Russia said it could contribute up to $20 billion to the I.M.F., while Spain pulled off a surprisingly strong debt auction.
NYT > Business
-
I.B.M. Settles Antitrust Case With E.U.
Posted: December 15th, 2011, 3:17am EST by By STEPHEN CASTLE
Tags: [edit]
Antitrust regulators accepted concessions from the computing giant that will modify how it provides technical information and spare parts to rivals.
-
Forecast for Growth in Euro Zone Is Lowered
Posted: November 10th, 2011, 8:16am EST by By STEPHEN CASTLE
Tags: [edit]
The European Commission’s forecast showed growth at 1.5 percent this year, then slumping to 0.5 percent in 2012.
-
News Analysis: Europe Ponders Changes to Finance Ministers Group
Posted: September 15th, 2011, 5:30am EDT by By STEPHEN CASTLE
Tags: [edit]
Officials are debating whether more streamlined decision-making — and better presentation — could help their epic battle with the financial markets.
-
News Analysis: In Crisis, Reminders of Disputes in Euro’s Founding
Posted: August 18th, 2011, 3:57am EDT by By STEPHEN CASTLE
Tags: [edit]
Germany’s fiscal discipline was at odds with France’s push for growth in the 1990s, and the differences persist.
-
W.T.O. Says Chinese Restrictions on Raw Materials Break Rules
Posted: July 5th, 2011, 4:56pm EDT by By STEPHEN CASTLE
Tags: [edit]
The World Trade Organization said Tuesday that Beijing violated global rules by restricting exports of nine raw materials used in high-technology products.
-
News Analysis: In Debt Crisis, E.U. and Markets Stuck in a Dialogue of the Deaf
Posted: June 16th, 2011, 3:20am EDT by By STEPHEN CASTLE
Tags: [edit]
Government ministers play to their domestic audiences back home while preparing to compromise, as markets try to make sense of the Byzantine decision-making process.
-
Mario Draghi Holds E.C.B. Line Against Restructuring for Greece
Posted: June 14th, 2011, 9:50pm EDT by By STEPHEN CASTLE
Tags: [edit]
The man likely to become head of the European Central Bank spoke at the European Parliament while finance ministers tried to shape a new bailout package.
-
Germany and France Roll Out Plan to Boost Euro
Posted: February 4th, 2011, 3:22pm EST by By STEPHEN CASTLE
Tags: [edit]
The move prompted immediate opposition but could create an embryonic economic government for Europe.
NYT > Home Page
-
Europeans Struggle for Consistency on Egypt
Posted: February 4th, 2011, 6:50am EST by By STEPHEN CASTLE
Tags: [edit]
Britain issued a warning against state-sponsored violence, while Italy suggested that President Hosni Mubarak could manage a transition to democracy.
NYT > Business
-
Merkel, in Reversal, Urges Rescue of Euro
Posted: February 4th, 2011, 1:38am EST by By STEPHEN CASTLE
Tags: [edit]
Angela Merkel, the German chancellor, and the French president, Nicolas Sarkozy, will present new ideas on Friday to save the euro and integrate euro zone economies.
-
Europeans Vow to Get Tough on Bankers Pay
Posted: January 18th, 2011, 5:00pm EST by By STEPHEN CASTLE
Tags: [edit]
Finance ministers also promised that new banking stress tests would be stricter than the ones conducted last year that failed to restore market confidence in the euro.
-
Support Grows for Larger European Rescue Fund
Posted: January 18th, 2011, 1:39am EST by By STEPHEN CASTLE
Tags: [edit]
European finance ministers discussed ways to increase the lending power of the fund, though it was unclear when changes might be approved.
NYT > Home Page
-
Dutch Panel Found 2,000 Church Abuse Claims
Posted: December 9th, 2010, 2:15pm EST by By STEPHEN CASTLE
Tags: [edit]
A commission released an interim report on sexual abuse claims against the Roman Catholic Church.
NYT > Business
-
Germany Reluctant to Expand Bailout Fund
Posted: December 6th, 2010, 4:10pm EST by By STEPHEN CASTLE
Tags: [edit]
Chancellor Angela Merkel dampened speculation that the bailout fund could be increased soon.
-
Pressure Rises to Bolster European Bailout Fund
Posted: December 6th, 2010, 1:10am EST by By STEPHEN CASTLE
Tags: [edit]
A Belgian minister and the International Monetary Fund want a stronger scope of measures to stabilize the euro.
-
E.U. Moves to Tighten Rules Governing Euro Zone
Posted: October 29th, 2010, 8:51am EDT by By STEPHEN CASTLE
Tags: [edit]
Leaders of the European Union on Friday approved a set of tougher budget rules meant to keep deficits and debt in check.
-
E.U. Concerned by Big Four's Dominance in Auditing
Posted: October 13th, 2010, 12:36pm EDT by By STEPHEN CASTLE
Tags: [edit]
Announcing an effort to tighten regulation after the financial crisis, Michel Barnier, the European commissioner for financial services, said that for the auditing sector, "the status quo is not an option."
-
Cost of E.U. Rises, Even as Countries Make Cuts
Posted: October 7th, 2010, 5:10pm EDT by By STEPHEN CASTLE
Tags: [edit]
Amid an austerity drive unparalleled in modern Europe, the bureaucracy that runs the bloc is haggling over how much to increase next year's budget.
-
E.U. to Ratify First Free-Trade Deal With Asian Partner
Posted: September 16th, 2010, 2:10pm EDT by By STEPHEN CASTLE
Tags: [edit]
The European Commission estimated that the deal would be worth as much as 19 billion euros ($25 billion) in new trade for European exporters.
-
European Official Calls for Backing Building Projects
Posted: September 7th, 2010, 10:10pm EDT by By STEPHEN CASTLE
Tags: [edit]
José Manuel Barroso, the European Commission president, called for new financing for building projects to create jobs and reduce unemployment.
-
E.U. Chief’s Comments Likely to Spark Farm Aid Debate
Posted: September 6th, 2010, 11:40pm EDT by By STEPHEN CASTLE
Tags: [edit]
The European Union’s budget chief, Janusz Lewandowski, said that farm aid should be reduced so that funds could flow to research and innovation.
NYT > Home Page
-
Europe Imposes New Sanctions on Iran
Posted: July 26th, 2010, 4:29pm EDT by By STEPHEN CASTLE
Tags: [edit]
The move by Iran’s largest trading partner adds to the pressure on Tehran over its nuclear program.
NYT > Business
-
A Burst of Summitry May Backfire Against Euro
Posted: June 16th, 2010, 4:39pm EDT by By STEPHEN CASTLE
Tags: [edit]
With plans under way to double the number of E.U. gatherings on the debt crisis, officials are asking whether the meetings are a killer or a cure for their currency.
-
European Leaders Back Stricter Budget Oversight
Posted: June 8th, 2010, 9:30pm EDT by By STEPHEN CASTLE
Tags: [edit]
In two days of talks, finance ministers approved a wider safety net and tougher rules on member nations’ finances.
-
Euro Zone Needs Tougher Rules, Official Says
Posted: April 14th, 2010, 3:59pm EDT by By STEPHEN CASTLE
Tags: [edit]
Olli Rehn suggested the creation of a new monetary fund, as well as moves to withhold subsidies from — or impose automatic sanctions on — rule-breaking countries.
-
Europeans Vow New Effort to Bring Economies Closer
Posted: March 27th, 2010, 3:10am EDT by By STEPHEN CASTLE
Tags: [edit]
Plans for economic coordination in the E.U. will need to overcome obstacles and ideological differences.
-
Germany Seems to Signal a Compromise on Greece
Posted: March 23rd, 2010, 3:45pm EDT by By STEPHEN CASTLE
Tags: [edit]
Berlin indicated that it might allow European aid for Greece, but that it would demand tougher budget discipline.
-
As the E.U. Does More, Fewer Tell About It
Posted: March 23rd, 2010, 12:30am EDT by By STEPHEN CASTLE
Tags: [edit]
Around the globe, journalism jobs are being cut. In Brussels, the trend is acute, even though the Union is taking on a larger global role.
-
I.M.F. More Likely to Lead Efforts for Greek Aid
Posted: March 23rd, 2010, 12:10am EDT by By STEPHEN CASTLE
Tags: [edit]
European Union officials acknowledged that there was little chance of agreeing on an aid package this week.
-
Progress Expected on Rescue Plan for Greece
Posted: March 14th, 2010, 8:33pm EDT by By STEPHEN CASTLE
Tags: [edit]
Finance ministers from the 16 euro zone countries are expected on Monday to strike a delicate balance by clarifying how a bailout could be structured while not making a rescue inevitable.
-
E.U. Body Sees Strategic Reasons to Encourage Iceland
Posted: February 24th, 2010, 7:02pm EST by By STEPHEN CASTLE
Tags: [edit]
Eyeing a new, important gateway to the Arctic, the European Union’s executive body encouraged Iceland’s application to become a member despite disputes over liabilities from a failed Icelandic bank.
-
Pressure Rises on Greece to Explain and Fix Crisis
Posted: February 17th, 2010, 1:11am EST by By STEPHEN CASTLE
Tags: [edit]
European officials gave Greece new deadlines to reveal Wall Street’s role in its problems and to prove how it will slash its deficit.
NYT > Home Page
-
Europe Commits to Action on Greek Debt
Posted: February 11th, 2010, 2:20pm EST by By STEPHEN CASTLE
Tags: [edit]
Leaders have agreed on a statement but left the details to be worked out by finance ministers Monday.
NYT > Business
-
Europe Commits to Action on Greek Debt
Posted: February 11th, 2010, 1:41pm EST by By STEPHEN CASTLE
Tags: [edit]
Leaders have agreed on a statement but left the details to be worked out by finance ministers Monday.
-
New European Leadership Faces Economic Hurdles
Posted: February 9th, 2010, 9:00pm EST by By STEPHEN CASTLE
Tags: [edit]
The bloc’s new president is to use the growing alarm over debt levels to argue for a new form of “economic government” in Europe.
-
E.U. Warns of Tough Supervision of Greece’s Budget
Posted: February 3rd, 2010, 7:45am EST by By STEPHEN CASTLE
Tags: [edit]
The European commission approved Greece’s plan to curb its rampant deficit but said it would monitor the plan and ask for more measures if necessary.
-
E.U. Says Agricultural Cooperatives Commit Fraud
Posted: December 27th, 2009, 4:23pm EST by By STEPHEN CASTLE
Tags: [edit]
Exaggerated subsidy claims in Crete have led to questions about fraud among agricultural cooperatives across southern Europe.
-
France Follows Britain on Bonuses
Posted: December 11th, 2009, 3:05pm EST by By STEPHEN CASTLE
Tags: [edit]
The head of the European Central Bank attacked the “so-called bonus culture” at banks as leading to selfishness.
-
Big States Dominate European Commission Posts
Posted: November 28th, 2009, 1:17am EST by By STEPHEN CASTLE
Tags: [edit]
The allocation of portfolios ends days of tense negotiation between the commission’s president, José Manuel Barroso, and national capitals.
-
E.U. Finds Trade Barriers Rising Since Global Crisis
Posted: November 6th, 2009, 7:57am EST by By STEPHEN CASTLE
Tags: [edit]
But a report from the European Union suggests there is no sign of the spiral of protectionism that some feared when the worldwide downturn took hold last year.
-
European Farmers’ Anger Spills Into the Streets of Brussels
Posted: October 6th, 2009, 2:58am EDT by By STEPHEN CASTLE
Tags: [edit]
Protests by dairy farmers angry over low prices culminated in a standoff in Brussels when demonstrators started makeshift fires.
-
Banker Pay to Face Global Limits at G-20 Session
Posted: September 18th, 2009, 2:22am EDT by By STEPHEN CASTLE
Tags: [edit]
Global policy controlling pay will be suggested at an economic summit meeting next week in Pittsburgh.
-
E.U. Seeks Global Agreement on Bonus Curbs
Posted: September 17th, 2009, 1:59am EDT by By STEPHEN CASTLE
Tags: [edit]
European leaders are set to endorse a call for more government control over bank pay ahead of the G-20 summit meeting next week in Pittsburgh.
-
E.U. Warns Web Shoppers of Illegal Practices
Posted: September 9th, 2009, 1:20pm EDT by By STEPHEN CASTLE
Tags: [edit]
A study to be published Wednesday found that more than half of surveyed Web sites selling electronic goods may be breaking the law.
-
French Ideas for Curbs on Bonuses Get E.U. Support
Posted: September 3rd, 2009, 1:12am EDT by By STEPHEN CASTLE
Tags: [edit]
European finance ministers called for similar tough curbs on bank bonuses from the United States at the G-20 summit meeting later this month.
-
European Banks Get E.U. Warning
Posted: July 23rd, 2009, 11:41pm EDT by By STEPHEN CASTLE
Tags: [edit]
Failed government-backed banks could be forced to sell off assets or even to close.
-
European Union Looks to Tighten Banking Supervision
Posted: May 27th, 2009, 1:16pm EDT by By STEPHEN CASTLE
Tags: [edit]
Regulators may get the power to overrule national banking authorities under plans aimed at avoiding a repeat of mistakes that led to the credit crisis.
-
Airlines Resist Europeans on Clearer Advertised Fares
Posted: May 15th, 2009, 1:39am EDT by By STEPHEN CASTLE
Tags: [edit]
Fewer than a quarter of the 67 top airlines are fully complying with European rules about making the price of tickets clear.
-
Germany Forecasts 6 Percent Decline in G.D.P.
Posted: April 29th, 2009, 4:24pm EDT by By STEPHEN CASTLE
Tags: [edit]
A country that depends on exports for 40 percent of its gross domestic product is hit hard by the worldwide recession.
-
Europe Cautious About Any Trade Deal With Korea
Posted: March 25th, 2009, 12:48am EDT by By STEPHEN CASTLE
Tags: [edit]
The European Commission backed away from reports of a tentative deal and said that significant issues remain to be resolved.
-
Tax Change in Europe to Reduce Dinner Bills
Posted: March 11th, 2009, 1:25am EDT by By STEPHEN CASTLE
Tags: [edit]
After years of messy political wrangling, Europe is set to lower the minimum value-added tax for eating out.
-
In Europe, Banks May Have to Report Each Week
Posted: February 11th, 2009, 12:17am EST by By STEPHEN CASTLE
Tags: [edit]
European finance ministers discussed details of how to address their banks’ problems, including a call for weekly reporting by banks affected on the value of their portfolios.
-
European Nations Seek to Revise Agreement on Emissions Cuts
Posted: October 17th, 2008, 1:44am EDT by By STEPHEN CASTLE
Tags: [edit]
Fears of a sharp worldwide economic slowdown are threatening a hard-won European plan on climate change.
-
British Leader Wants Overhaul of Financial System
Posted: October 15th, 2008, 12:33pm EDT by By STEPHEN CASTLE
Tags: [edit]
At a gathering of European leaders, Prime Minister Gordon Brown of Britain said that organizations such as the International Monetary Fund needed to be revamped.
NYT > Health
-
Study Warns of Hearing Loss From Music Players
Posted: October 13th, 2008, 2:09am EDT by By STEPHEN CASTLE
Tags: [edit]
A scientific study for the European Union found that listening to personal music players at high volume can threaten permanent hearing loss.
NYT > Business
-
Study Warns of Hearing Loss From Music Players
Posted: October 12th, 2008, 3:38pm EDT by By STEPHEN CASTLE
Tags: [edit]
A scientific study for the European Union found that listening to personal music players at high volume can threaten permanent hearing loss.
-
Europe Prepares Consumer Rights Plan
Posted: October 8th, 2008, 2:07am EDT by By STEPHEN CASTLE
Tags: [edit]
The proposal to guarantee consumer rights for all European Union members is expected to help spur shopping online and across national borders.
NYT > Health
-
Europe Fails to Endorse Milk and Meat From Clones
Posted: July 25th, 2008, 1:13am EDT by By STEPHEN CASTLE
Tags: [edit]
Europe’s Food Safety Authority pulled back from giving milk and meat from cloned animals a clean bill of health, reducing the chances such products will reach stores soon.
NYT > Business
-
With Offer, Europe Tries to Spur Trade Talks
Posted: July 21st, 2008, 8:23pm EDT by By STEPHEN CASTLE
Tags: [edit]
The European Union offered to reduce its farm tariffs by 60 percent — the highest figure it has yet offered — in a challenge to developing countries to make concessions.
NYT > Health
-
European Plan Would Expand Health Care Access Within the Bloc
Posted: July 3rd, 2008, 12:53am EDT by By STEPHEN CASTLE
Tags: [edit]
European Union residents would be able to receive most health care treatment anywhere in the 27-nation bloc without prior authorization under a proposal published on Wednesday.
NYT > Business
-
Tax Havens Face Pressure From Europe
Posted: May 14th, 2008, 8:04pm EDT by By STEPHEN CASTLE
Tags: [edit]
The European Commission will propose expanding a directive to ensure that Europeans do not evade taxes on the interest from savings by opening accounts abroad.
-
Europe Begins Testing In-Flight Use of Cellphones
Posted: April 18th, 2008, 5:33pm EDT by By STEPHEN CASTLE
Tags: [edit]
While airlines in the United States have shunned the use of cellphones in flight, some European and Mideast carriers are preparing to offer the service as early as this summer. -
Europe Steps Around Tibet as Trade Issue
Posted: April 16th, 2008, 1:50am EDT by By STEPHEN CASTLE
Tags: [edit]
The European Commission said that worries about human rights and Tibet should not be “walled off” from Europe’s trade relationship with China but that it did not support boycotts. -
Europe to Approve Guidelines on Bank Failures
Posted: April 4th, 2008, 4:27am EDT by By STEPHEN CASTLE
Tags: [edit]
Europe’s finance ministers are expected to agree to guidelines for handling cross-border banking failures that will favor private-sector rescues where possible. -
European Commission Moves to Broaden the Attack on Tax Havens
Posted: March 4th, 2008, 11:04pm EST by By STEPHEN CASTLE
Tags: [edit]
Jolted by a tax dispute with Liechtenstein, European countries took steps Tuesday toward clamping down on tax havens.