European Union

The economic and financial affairs council of the European Union (Ecofin) passed on July 9 a decision allowing Latvia to adopt the euro as its currency as of January 1 2014.

Unprecedented in the history of international relations, the governments of four European countries - France, Spain, Italy and Portugal - have closed off their airspace this week to the Bolivian president’s airplane. Is this a case of strict compliance with international laws or further proof of the servility of European ’powers’ towards Washington? To better answer this simple question, French pundit Salim Lamrani sets out a list of 25 facts.

The ‘biggest bilateral trade deal in history’, reached at the G8 Summit, is possibly at risk as rapport between the US and EU quickly degenerates over leaks which reveal the US allegedly spied on EU diplomats.

USA out of control: America's NSA intelligence service allegedly targeted the European Union with its spying activities. According to German media Der Spiegel, the US placed bugs in the EU representation in Washington and infiltrated its computer network. Cyber attacks were also perpetrated against Brussels in New York and Washington.

Malta set to lose €11 million over 30 years following €50.6 million loan to Greece, finance minister says.

Croatia is set to become the 28th member state of the European Union on 1 July 2013. Croatians plan to celebrate their EU accession by communicating with astronauts at the International Space Station.

Following the raids on the London office of the lead oil price publisher Platts over suspicions of manipulating oil prices in the market, the European Union has decided to introduce tough new rules that would effectively prevent price reporting agencies from operating.

With the help of the Managing Director of the International Monetary Fund, US comprador Christine Lagarde, the American leadership challenged the inviolability of private property in the European Union and attempted to confiscate a tenth of bank deposits, supposedly to bail out the Cypriot national bank affected by the Greek crisis. It goes without saying that the stated purpose is but a pretext and, far from solving the problem, this confiscation, if it were to be implemented, would only make matters worse. Threatened, the remaining capital would flee the island causing the collapse of its economy.

by Chitra Subramaniam Duella March 28, 2013 (TSR) - Billions of frozen euros, hundred years of history and a lot of water and oil fields around for everyone to drown in...

March 26, 2013 (TSR-CyprusMail) - RUSSIA signalled yesterday it would backstop the European Union's bailout despite anger that the weekend rescue deal would impose heavy losses on uninsured depositors,...

A major fund manager has reclassified Greece from a developed to an emerging market, in an unprecedented move reflecting the "unfortunate economic tailspin" of the Greek economy, which has threatened the future of the euro.

February 7, 2013 (TSR) - Germany's education minister has been stripped of her doctorate because of plagiarism, in the second such case to hit Angela Merkel's government in two...