New members warned over progress toward euro
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The European Union's new member states are falling behind in their drive towards joining the euro, the European Central Bank warned on Wednesday.
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European Union leaders already bicker about the future. At a summit meeting opening Thursday, even the past is bound to cause discord.Comment
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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With ten new members added into the fold and a new draft constitution working its way through capitals for ratification, the European Union (EU) is in the midst of unprecedented political and geographic ...
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The European Union&#39;s head office on Wednesday predicted a smooth transition to the euro in the 10 new EU nations that are hoping to adopt the common currency by 2010.
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Europe must show a &quot;determined, unwavering pursuit of economic reform&quot; or risk endangering its status as a &quot;global economic leader&quot;, EU trade commissioner designate Peter Mandelson warned.
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European Union leaders are expected to make it harder for new members to join, as they hold an annual summit.
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On Jan. 1, it becomes the first of the European Union's 10 newest members to adopt the euro.
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Brussels says the EU's newest members should adopt the euro in one step, in contrast to the currency's original phased introduction.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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Forging the legal framework for the European Union has not been without its problems. But 27 member states agreeing to sign a new document will help
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Europeans, many of whom worked themselves up about the swooning dollar and the stampeding euro last year, suddenly seem to have mellowed.
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BRUSSELS -- European Union leaders toughened their tone toward aspiring new members yesterday , at the start of a summit designed to reassure wary voters while keeping the door ajar to countries queuing to join.
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BRUSSELS: The European Central Bank and euro zone finance ministers have issued their starkest warning to date that they are unhappy with the euro&#39;s surge and said they were closely monitoring exchange rate swings.
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EU leaders say they should turn to new priorities now that they have agreed on institutional reforms.
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The euro fell from record highs against the yen and dollar as European leaders expressed concern their currency s strength will stifle economic growth.
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European Central Bank President Jean-Claude Trichet expressed concern Monday about the growing strength of the euro, saying a rally that sent the shared currency to an all-time high of US$1.