EU shows signs of recovery
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BEIJING, Aug.21(Xinhuanet) -- A top European Union economic official says he expects economic recovery to continue in the Euro zone despite soaring oil prices.
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Despite widespread public opposition, the European Union&#39;s political leaders said late Thursday that Turkey had made sufficient progress in political and economic reforms
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A new wave of bid activity helped European stock markets defy the gloom in the financial sector this week.
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European shares inched up to fresh two-month highs on Monday as optimism grew that the US economy was doing well, helping to lift beaten-down sectors such as technology and insurers.
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The European Commission yesterday concluded that Malta is on track to correct its financial deficit and told the European Council no further recommendations are required at this stage.
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European stock markets moved higher on Thursday, following bumper gains earlier in Tokyo, as investors regained confidence after a recent slump in global equities.
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European equities rallied on Friday, recovering their poise after losses in the previous session were sparked by concerns over the prospect of rising interest rates.
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European shares rose to within a whisker of fresh 2-1/2 year highs Monday amid relief that the Iraq elections passed without a major hitch, which also helped to push crude oil prices sharply lower.
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Hungary's programme of austerity measures to gets its economy back on track is backed by the European Commission.
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Economic recovery in the euro zone is firmly established and inflation poses no threat, Otmar Issing, a European Central Bank executive board member, said Sunday.
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"Europe can once again look forward to a period of strength and confidence."  German Chancellor Angela Merkel hailed here on Wednesday the landmark treaty agreed by EU leaders last week, saying it shows the way forward for the 27-nation bloc. via China View
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European shares stormed toward 2 1/2-year highs Monday as relief that the Iraq elections went better than expected helped to ease investor jitters, pressuring oil, gold and bonds and lifting the dollar.
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European stocks rebounded Tuesday as investors shook off recent heavy losses sparked by renewed concerns over the economic outlook and a persistent credit squeeze, dealers said.
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Europe&#39;s main stock markets rallied on Tuesday following a modest rebound for Japanese equity prices in Asian trade.
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With the European Unionâs (EU) expansion to 25 countries, it now accounts for 28% of world GDP and a market of 450 million. That closer commercial relationships with EU are desirable is obvious.
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The European Central Bank has left interest rates unchanged, playing down fears of a stumbling economic recovery and expressing confidence that
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European shares stormed toward 2  1/2-year highs Monday as relief that the Iraq elections went  better than expected helped to ease investor jitters,  pressuring oil, gold and bonds and lifting the dollar.