EU members move closer to pact reform
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The European commission expects the EU&#39;s 25 member governments to agree on a significant loosening of the controversial stability and growth pact by spring to kickstart faltering economic growth and create more jobs in the eurozone.
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European leaders on Friday signed the EU's first constitution, a diplomatic triumph they hope will give the union a sharper international profile and speed up decision-making in a club now embracing 25 nations.
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The EU can turn to new priorities such as globalisation after agreeing a new reform treaty, its leaders said Friday, but thoughts were also on the potentially tricky topic of ratification.
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European Union leaders headed for a showdown on Thursday over efforts to overhaul the bloc's creaking institutions, but chances of agreement appeared to be rising after chief critic Poland softened its tone.
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EU leaders have reached agreement with Poland on the outline of a new treaty to replace the bloc&#39;s failed constitution, several member states said as a summit moved into a third day Saturday.
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European Union leaders headed for a showdown on Thursday over the latest bid to overhaul the bloc's creaking institutions, but chances of agreement may be rising after chief critic Poland softened its tone.
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"We will not insist on an initial requirement of two years."  Poland backed down on a key objection to a treaty to reform European Union institutions on Monday, allowing the bloc to proceed with negotiations to turn the political deal reached last month into a legal text. via The Epoch Times
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The government called Friday for the European Union to "move on" to real reform after agreeing a new treaty, but eurosceptics threatened to keep the wrangling going with fresh demands for a referendum.
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European Union leaders meet for the last time as a group of 25, amid agreement to slow down the process of enlargement until the bloc has the institutional tools it needs to support new members.
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European Union leaders struggled to narrow their differences on Thursday on a reform treaty for the 27-nation bloc and said it was too soon to tell whether they could reach a deal at a two-day summit.
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Finance ministers from the 12-nation Eurozone countries discussed on Friday a proposal to reform the European Union (EU)&#39;s Stability and Growth Pact and agreed it formed a good basis for discussion.
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The European Union on Saturday reached agreement on a blueprint for a new treaty of reforms after striking a compromise with Poland following tense all-night talks at a crucial summit.
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European Union leaders clinched  agreement on Saturday on a mandate to overhaul the 27-nation  bloc after persuading Poland to end a stand-off that nearly  torpedoed a marathon summit.
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BUDAPEST, Aug 15 (IPS) - The European Union has agreed on a document to  reform itself institutionally, but Brussels is beginning to  understand it will have to get used to tough opposition from some  of its Eastern European member states.
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ROME - Leaders of the European Union&#39;s 25 member countries signed the organization&#39;s first constitution on Friday, a document aimed at creating more stability and improved governance.
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The move opens the way for likely ratification by parliament and implementation of the U.N. pact in the more than 120 countries that have embraced it.
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The European Commission yesterday presented a proposed revision of the Stability and Growth Pact, the rules that underpin the euro.