IT has key economic role, says new EC president
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The new European Commissionpresident, Jos Manuel Barroso,has stressed the role of IT in making the 25-nation European Union more economically competitive.
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The European Central Bank must ensure that current levels of inflation are short-lived and do not lead to higher wage increases, ECB President Jean-Claude Trichet said in an interview published on Friday.
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At a meeting in the Dutch coastal resort of Scheveningen, the EUâs finance chiefs discuss ways of reforming the Stability and Growth Pact that guarantees the solid course of Europeâs common currency.
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"If Europe wants to play an important role in the contemporary world, decisions should be taken fast to enable it to play that role"  Decisions should be taken fast to enable Europe to play an important role in the world, Italian Prime Minister Romano Prodi said during his one-day working visit to Poland on Wednesday. via People's Daily Online
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Luxembourg took over the presidency of the European Union on Saturday, giving one of the bloc's smallest nations the mammoth task of coordinating EU aid efforts for victims of the Asian tsunami disaster.
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The European Parliament, in its specialised committees here, on Monday begins to hear candidates for membership in the European Commission (EC), the executive body of the European Union.
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The European Union executive outlined a new long-term plan for economic revival which, in a break with the past, puts the focus squarely on deregulation and business-friendly policies.
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The EU commissioner for economic and monetary affairs, Joaquin Almunia, is seeking greater flexibility in the application of Europe's strict budget rules for countries with big public deficits, it was reported.
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The new head of the International Monetary Fund on Monday signaled the lender would take a larger role in speaking out about policies in the world&#39;s richest nations if they pose global economic risks.
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"All ministers stated their satisfaction with the way the ECB operated over the summer. They did everything they could to prevent financial markets from developing in a way that could have been dangerous."  Continuing financial market turbulence poses increasing risks to the eurozone's economic growth outlook in spite of a swift and robust response from the European Central Bank, eurozone finance ministers said on ... via Financial Times
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Reform-minded figures from some of Europe's smaller, nimbler economies won key posts in the European Union's executive branch, part of a drive by the incoming president to prioritize growth across the continent.
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Malta's contribution in the European Union with its Mediterranean vocation, tradition and experience is very important to the bloc, EU Commission president-designate Jose' Manuel Durao Barroso said on ...
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The first signs of a possible economic slowdown in the euro area emerged in the fourth quarter despite strong growth in the previous quarter, European Central Bank's executive board member Juergen Stark said on Tuesday.
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The head of the European Central Bank on Sunday called the success of the euro currency &quot;remarkable&quot; and lauded reductions in unemployment levels throughout the continent.
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The world economy has largely absorbed the effects of high oil prices and will likely grow 4 percent this year, despite concerns about the weak U.S. dollar, the president of the European Central Bank said Monday.
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Jean-Claude Trichet, the president of the European Central Bank , gestures during a press conference at the ECB headquarters in Frankfurt, Germany, on Thursday, March 8, 2007.Comment
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As the European Union kicked off its latest campaign to rejuvenate the Continent's creaking economy, Germany supplied fresh evidence of how deep-seated the problems are.