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The European Union

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  • France's crusading new president will charge Monday into a carefully balanced set of economic rules designed to keep the currency his nation shares with 12 other countries stable and trusted.

  • Merkel Resists Sarkozy Ideas on ECB: Report Sunday, 8 Jul 2007 | 10:09 AM ET

    German Chancellor Angela Merkel has made it clear to French President Nicolas Sarkozy that Germany will firmly resist any efforts to impinge upon the European Central Bank's independence, Der Spiegel news magazine reported on Sunday.

  • EU Approves Takeover of Spain's Endesa Thursday, 5 Jul 2007 | 7:07 AM ET

    European Union antitrust regulators approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel on Thursday.

  • EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.

  • EU Approves Purchase of Chrysler by Cerberus Tuesday, 3 Jul 2007 | 6:38 AM ET

    Private U.S. equity firm Cerberus won approval from the European Commission on Tuesday to buy the Chrysler operations of auto giant DaimlerChrysler, under a simplified procedure.

  • France will press its European Union partners for more time to balance its budget so that it can implement structural reforms, the country's Europe minister said in an interview published today.

  • Euro Inflation Holds Steady at 1.9% Friday, 29 Jun 2007 | 7:15 AM ET

    Inflation in the 13 nations that share the euro held steady at 1.9% in June while business and consumer confidence slipped slightly after soaring a month earlier, the European Commission said Friday.

  • EU Commission Blocks Ryanair's Bid for Aer Lingus Wednesday, 27 Jun 2007 | 6:02 AM ET

    The European Commission on Wednesday blocked an attempt by Ryanair to acquire rival Irish carrier Aer Lingus, marking only the second merger prohibition by the EU executive in four years.

  • Ryanair Boss Slams EU Aer Lingus Veto as Political Tuesday, 26 Jun 2007 | 12:15 PM ET

    Ryanair chief executive Michael O'Leary on Tuesday slammed a European Commission plan to veto its attempt to take over Irish rival Aer Lingus, calling the move politically motivated to appease Dublin.

  • Eurozone June Services Growth Best Since World Cup Thursday, 21 Jun 2007 | 7:04 AM ET

    Eurozone services growth unexpectedly powered ahead in June at its fastest clip since last year's World Cup soccer tournament while manufacturing expansion also gathered pace, suggesting interest rates have further to climb.

  • Mail delivery across the European Union should be liberalized by 2011, a panel of EU lawmakers recommended, backing countries such as France and Luxembourg seeking a postponement of the 2009 deadline proposed by the EU's executive arm.

  • The direction of bond yields will be the key factor for European stock markets next week, according to Bruno Verstraete, CEO of Nautilus Invest.

  • EU Suggests Tightening Budget Rules Wednesday, 13 Jun 2007 | 7:47 AM ET

    The EU executive suggested stepping up budget rules Wednesday, saying it wanted national parliaments to be more involved in watching public spending as part of a wider effort to keep EU economies' debt and deficits within agreed limits.

  • The European Union on Wednesday opened an investigation into whether French companies get an unfair edge on the EU market from state-financed, low electricity tariffs.

  • Novartis Gets EU OK for New Flu Vaccine Wednesday, 13 Jun 2007 | 4:25 AM ET

    Swiss drugmaker Novartis said Wednesday it has received European Union approval for flu vaccine Optaflu.

  • EU Court Upholds Budweiser Trademarks Tuesday, 12 Jun 2007 | 5:14 AM ET

    A European Union high court on Tuesday upheld several Anheuser-Busch trademarks relating to its Budweiser beer, dismissing a challenge from its Czech brewing rival Budejovicky Budvar.

  • G8: New Friends, Old Rivals Thursday, 7 Jun 2007 | 4:38 PM ET
    Merkel, Putin, Bush

    This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.

  • The Rating Game: U.S. vs. Europe Thursday, 7 Jun 2007 | 4:22 PM ET

    With rising interest rates in Europe and no sign of a near-term change in interest rates in the U.S., is the current U.S. economic picture a sign of what’s to come for Europe? As CNBC’s Steve Liesman explained, since 1999, monetary policy at the European Central Bank and at the U.S. Federal Reserve has essentially moved in tandem. But a year after the Federal Reserve stopped raising rates, the ECB rate hikes continue. ...

  • The European Central Bank has revised upward its 2007 forecasts for euro zone growth and inflation, according to Financial Times Deutschland, citing sources.

  • Officials advising the European Union on privacy policy have sent a letter to Google asking it to explain why it keeps information on internet searches for up to two years, the Financial Times reported without citing sources.