European Economists Blame EU Leaders
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Despite years of efforts, Europe has made little progress toward its goal of surpassing the United States in growth, innovation and productivity by the end of the decade, leading European economists reported Friday.
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A top European Union economic official Friday played down the impact of rising oil prices on the bloc&#39;s economic recovery.
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VALLETTA/ST. JULIAN'S, Malta  - The euro zone economy could slow more than previously forecast, a policymaker said on Saturday, as other EU leaders voiced worries about the weak U.S. economy and the strong euro currency.
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EU countries are accused of failing to pursue policies that would make Europe the world's most dynamic market.
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The European Union may not be very good at creating jobs and producing goods people want to buy, but when it comes to setting up high level working groups and churning out reports, it is a world leader.
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The euro zone  economy could slow more than previously forecast, a policymaker  said on Saturday, as other EU leaders voiced worries about the  weak U.S. economy and the strong euro currency.
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European Central Bank chief Jean-Claude Trichet has attacked France for being Europe's "number one spender". Mr Trichet warned that in comparison to its GDP, the country was well on the way to spending much more than its European neighbours during 2007. The warning came as Prime Minister Francois Fillon warned that France's finances were in a "critical" state. French finances have caused friction with Europe, with France under pressure to cut its budget deficit.
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European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America's national finances.
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BRUSSELS  - A top European Union economic official is playing down the impact of rising oil prices on the bloc's economic recovery.
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"Consumers in Europe have no reason to lose confidence, the economic situation in Europe seems to be uncoupled from the situation in the U.S."  Euro nations see no immediate need to react to the growing threat of a U.S. slowdown that sent stock markets plunging Monday, the head of the group of 15 euro finance ministers said after they met for talks. via BusinessWeek
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European finance ministers clashed over German Chancellor Gerhard Schroeder s plea for looser budget rules, with Austria and the Netherlands warning that wider deficits would push up inflation and interest ...
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Europe's efforts to catch up to and then outpace the US economy have been &quot;a big failure,&quot; the outgoing head of the European Union executive commission, Romano Prodi, told the Financial Times in an interview.
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European Commission chief Jose Manuel Barroso warned EU leaders gathering for a summit against short-changing the bloc in negotiations on its long-term financing.
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The euro's strong performance in recent weeks is worrying everyone from small-business owners to heads of state.
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Swiss Finance Minister Hans Rudolf Merz has hit back at European Union (EU) complaints about low Swiss corporate taxes, saying that some EU governments distorted competition by subsidising private industry.
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Europe and the United States kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations, blaming each other for
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As his term as EU executive head comes to an end, Romano Prodi called the EU&#39;s efforts to catch up economically with the United States &quot;a big failure.