Jose Manuel Barroso, former president of the European Commission, says that the tourism sector is a big source of European employment, while the value of the euro and cost of oil are important drivers too.» Read More
Barroso said the European Commission fully supports the ECB, emphasizing that it should do everything it can to fight deflation.
European Commission President Jose Manuel Barroso has told CNBC that although Europe's economy has turned the corner, it is not yet out of crisis.
Ukraine's rejection of a EU trade deal, was met with dismay. However, economic analysts said a move towards Russia and away from Europe could benefit Ukraine over the coming months.
After settling lingering issues over beef and cheese quotas, the EU and Canada inked a trade deal integrating two of the world's biggest economies.
José Manuel Barroso, president of the European Commission, tells CNBC that it¿s the first time in the G20 that the European Union is not the focus of negative attention.
Outspoken French Industry Minister Arnaud Montebourg accused European Commission President Jose Manuel Barroso on Sunday of fueling far-right groups across Europe.
EC President José Manuel Barroso hit back at French opposition to a proposed transatlantic trade agreement as “extremely reactionary”, in an interview with the International Herald Tribune on Monday.
As Treasury Secretary Jack Lew kicks-off his first official visit to Europe, analysts said efforts to coax euro zone leaders to pursue growth-generating policies may fall on deaf ears.
BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.
BRUSSELS, Oct 24- The European Union's former health commissioner vowed on Wednesday to challenge the findings of an EU anti-fraud investigation linking him to bribery, which led to his resignation last week.
STRASBOURG, France-- The European Commission says an additional 9 billion is needed to meet all of the EU's commitments in the 2012 budget. But 5.9 billion will have to come from member states, some of whom are cutting their budgets because of Europe's financial crisis.
BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro _ without saying when it would become fully operational.
BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro, and said it would "probably" become operational sometime next year. France has been pushing to get all 6,000 banks in the 17 euro countries under the supervision of one European body by the end of this year.
BRUSSELS-- European Union leaders are tussling over how much power they want to cede to central authorities during a summit meeting in Brussels focused on how to ensure their debt crisis never repeats itself.
Then, out of the blue, after three years of back-biting and seemingly daily financial crisis, the European Union won the Nobel Peace Prize for fostering peace on a continent long ravaged by war.
By Luke Baker and John O'Donnell. It was prepared by Herman Van Rompuy, who as president of the European Council will chair a European Union summit next week.
OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.
By Luke Baker and John O'Donnell. BRUSSELS, Oct 12- Euro zone countries should consider clubbing together to borrow as well as paying into a central budget that could be used to help struggling countries, according to a report prepared by senior European officials ahead of a meeting of leaders.
BRUSSELS, Oct 12- The euro zone should consider pooling some limited short-term borrowing as well as a separate budget that could be used to deal with economic problems in individual countries, according to a report prepared for EU leaders who will meet next week.
Some reaction to the European Union being awarded the Nobel Peace Prize on Friday:. "The stabilizing part played by the European Union has helped to transform a once-torn Europe from a continent of war to a continent of peace" _ Nobel committee chairman Thorbjoern Jagland.