French appeal for EU action on oil prices hits the skids
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European nations battled Thursday over whether urgent government intervention is needed to combat a surge in oil prices that France has warned presents a dangerous new threat to economic growth.
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BRUSSELS Inflation in the 12 countries sharing the euro slowed for a second month in July as faltering consumer demand deterred companies from passing on rising energy costs. But economists said higher oil prices may fuel a reversal of that trend as the ...
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Crude oil's record-breaking run is not hitting consumer demand in France, the fastest growing euro zone economy, says budget minister Dominique Bussereau.
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Escalating fears the fallout from the US housing slowdown would spill over into Europe dragged Europe's indices lower on Monday, as central bankers said higher oil costs and the rising cost of credit would also weigh on growth.
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Europe's newspapers grapple with EU regulations, oil prices, an Islamic militant and a French Pacific territory.
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Winemakers worried by a slump in sales stage street protests calling on the French government for help.
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France will come under renewed pressure on Tuesday to soften its stance on Turkey's bid to join the European Union when Turkish Prime Minister Recep Tayyip Erdogan drops in on a Franco-German summit in Berlin.
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FRANKFURT At the end of a year that has seen a tepid European economic recovery shaken by high oil prices and a strong currency, the European Central Bank is facing a dilemma for which the best solution may simply be to wait.
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The French government piled pressure Tuesday on Societe Generale chairman Daniel Bouton over the handling of unauthorised deals by a junior trader which ended in 7.1 billion dollars of losses.
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EU finance ministers have called on the United States to do more to halt the steep fall of the dollar against the euro and other currencies.
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The European Union head office threatened Tuesday to take France to court and demand the return of subsidies to troubled energy and train giant Alstom SA, alleging that the government has not complied with EU conditions for the company's bailout.
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By Stephen Castle in Brussels and Andrew Buncombe in Washington. Moves to improve the EU&#39;s fractious and often testy relations with Washington were undermined yesterday by a fresh Anglo-French clash over Iraq
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THE euro nations expressed concern overnight at sharp volatility in currency rates, and in a thinly veiled call to the US urged âall major countriesâ to put appropriate policies in place.
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Most European stock markets followed  Wall Street lower Wednesday as crude oil's slide to three-month  lows hit heavily weighted oil shares, although a recovering  dollar was a plus for the region's exporters.
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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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European Union foreign ministers have failed to agree on whether to set binding targets for the use of green renewable energy sources, setting up a potential clash when the bloc's leaders meet this week.Comment
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BRUSSELS  - 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&#39;s national finances.