Wednesday, July 10, 2013

Latvia to Become Eurozone’s 18th Member and Officially Admitted to Europe’s Single Currency

Finally Latvia to become eurozone's 18th member, Five years after a fiscal crisis nearly forced it to unpeg its currency from the euro, Latvia is officially admitted to Europe's single currency

From Brussels, Brussels joins €22bn stimulus initiative, Five public-private partnerships will co-invest in sectors such as medicines, electronics and aeronautics under European Commission proposal, Eurozone companies face debt divergence, Credit-starved periphery will have more limited access to cheap borrowing, reflecting lingering fragmentation among the region's businesses

European Union takes Russia to WTO for first time, Brussels officials say a levy to cover recycling costs is a protectionist ploy in environmental disguise because it applies only to imported vehicles

From Britain we reporting, UK outlines scope of EU justice opt-outs, Britain will opt out of a bloc of EU police and legal measures but will immediately seek to opt back in to those deemed vital for national security

Meanwhile, Europe gears up for a final confrontation, There are some encouraging signs but they provide no real evidence that the crisis is fading, merely that it is entering a different phase

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