FINANCE:  Europeans Asked to Pull Strings at World Bank
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WASHINGTON, Mar 10 (IPS) - Campaigners across Europe have called on their   governments to withhold funds from the World Bank unless  specific changes  are made to policy and practice at the  Washington-based public lender. But  analysts say that if the  past is any indication, a positive response is  unlikely.
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European stocks are under pressure on fears that central banks will not follow the US in slashing interest rates.
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Executives urged to quit over risks that took lender to the brink of collapse.
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European Central Bank boss Jean-Claude Trichet talks down rate cut chances amid financial market problems.
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The European commission threatened yesterday to suspend development funds to Greece in response to Athens&#39;s admission that it had disguised the extent of the country&#39;s debts in order to join the euro.
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The European Union told Italy, France and Germany &#151; the three biggest economies in the euro area &#151; Wednesday to do more to bring their budgets in balance as required by the rules of Europe's single currency.
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The leaders of Italy, France and Spain sent a letter to the European Union on Monday, urging the bloc to approve measures to help them cope with the flood of illegal migrants from Africa.
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European Union finance ministers considered the ever-strengthening euro against the dollar Monday amid appeals for Washington to rein in its budget and current account deficits to stop the slide of the US currency.
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The European Union called Monday for more movement from its partners in World Trade Organisation talks after WTO chief Pascal Lamy injected a sense of urgency into attempts to revive the negotiations.
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The extent of Europe's  infection from the U.S. subprime mortgage virus is becoming  clearer, even as the European Central Bank faces down calls for  it to follow U.S. and UK counterparts by cutting interest  rates.
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European Central Bank President Jean- Claude Trichet joined European finance ministers in urging the US to halt the decline of the dollar, warning that the currency&#39;s slide risks derailing global growth.
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With the rise of the euro fast becoming a threat to economic recovery in the 12-country eurozone, calls are growing for the European Central Bank to clip the single currency's wings, either by direct intervention or a cut in interest rates.
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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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WASHINGTON/BRUSSELS  - The surprise resignation of the International Monetary Fund's head prompted calls for the search for his replacement to reach beyond Europe, but European finance officials quickly laid claim to the succession.
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Splits appeared within the European Union over the role of the blocâs trade chief, Peter Mandelson, in getting global trade talks moving again last weekend. Mr. Mandelson and other ministers from trade powers met Saturday in Davos, Switzerland, and agreed to push ahead with negotiations aimed at getting a deal for the World Trade Organizationâs Doha round. The round was suspended last July as a result of big differences, chiefly over farm trade, and it risks running out of time soon. France, a longtime defender of Europeâs agricultural interests, criticized Mr. Mandelson over the Davos meeting, accusing him of going beyond his authority. Franceâs criticisms were echoed by Austriaâs farm minister. Germany, which holds the European Union presidency, supports Mr. Mandelson, said Michael Glos, the German economics minister.
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WASHINGTON, Nov 5 (IPS) - The World Bank says it has postponed a   consultation with civil society groups in Berlin on its proposed  social and  environmental guidelines for lending after the NGOs  boycotted the event and  threatened to launch protests instead.
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BERLIN  - Finance officials from the Group of 20 industrial and developing countries called Sunday for more flexible exchange rate practices in Asia, a step European officials believe might slow the euro's rapid rise.