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Representatives from the troika of international lenders arrive in Greece on Tuesday to assess its progress towards reducing its huge debts

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...minister is expected to ask for more time to repay its loans. The International Monetary Fund (IMF), European Central Bank (ECB) and European Commission (EC) make up the troika. The IMF said it was “supporting Greece in overcoming its economic difficulties” and would work with the country to get it “back on track”. However, reports over the weekend suggested that the IMF wo...

A European study has found that while almost all Swedes brush their teeth, only one in 10 does it in a way that effectively prevents tooth decay

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A European study has found that while almost all Swedes brush their teeth, only one in 10 does it in a way that effectively prevents tooth decay. Prof. Pia Gabre from the University of Gothenburg, led two studies into the tooth brushing habits of more than 2,000 Swedes aged 15-16, 31-35, 60-65 and 76-80. They were asked various dental care questions like how long they brushed for and how much too...

The European Central Bank reduces its key interest rate from 1 percent to 0.75 percent, a record low for the eurozone

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The European Central Bank (ECB) has announced it reduces its key interest rate from 1% to 0.75%, a record low for the eurozone. The move comes as the eurozone economy continues to be weak. The ECB also cut its deposit rate, from 0.25% to zero. A cut in the ECB’s deposit rate is designed to stimulate lending between banks, as funds placed with commercial banks overnight are currently receivi...

Spain_and_Portugal_match_at_the_FIFA_World_Cup_2010-06-29_5

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In recent years, all other major football nations have been playing catch up as they attempt to find a way of coping with the brilliance of the Spanish team. The combination of brilliant technique, fast pass-and-move football, and robust physical presence on the ball has made the Spanish team appear almost unstoppable over the last half decade. Having first captured the European Championships in...

Cyprus has received the first installment of a 10 billion-euro bailout package from international creditors

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...rong central resolution authority,” Wolfgang Schaeuble wrote in the Financial Times on Monday. European officials have called for a strong central authority, backed by a European rescue fund, to decide on what to do with failing banks. This, they say, is key to establishing a “banking union” that would, in theory, stabilize the financial system in the region. But Wolfgang Schaeub...

Horse DNA has been found in up to 5 percent of beef products randomly tested across the EU

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...percent of beef products randomly tested across the EU “Restoring the trust and confidence of European consumers and trading partners in our food chain following this fraudulent labeling scandal is now of vital importance for the European economy,” said EU Commissioner for Health and Consumers Tonio Borg. Tonio Borg said the Commission would “propose to strengthen the controls a...

EU leaders at Brussels summit say they are committed to tackling tax evasion and will push for global action to curb banking secrecy

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...e. Austrian Chancellor Werner Faymann on Wednesday joined the call for a crackdown on tax evasion. A European Parliament resolution on tax evasion on Tuesday urged the EU to halve the 1tn-euro annual losses by 2020, by curbing tax loopholes and havens. The MEPs also called for a joint EU blacklist of tax havens. The European Commission is pressing for automatic exchanges of people’s earnings...

European car sales were 10.3 percent lower in March 2013 from a year earlier, the 18th consecutive month of falls

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European car sales were 10.3% lower in March 2013 from a year earlier, the 18th consecutive month of falls. The figures, from the Association of European Carmakers (ACEA) showed most carmakers saw sales drop, with Peugeot Citroen and Toyota suffering the most. Continuing economic stagnation across Europe has depressed sales for almost six years. The UK was the only country in Europe where sales r...

TUI has cancelled all holidays bought by German customers to Egypt until mid-September

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TUI, Europe’s largest tour operator, has cancelled all holidays bought by German customers to Egypt until mid-September. The move comes in the wake of Egypt’s escalating violence, following advice from the German government. TUI’s rival, Thomas Cook, also announced similar measures for its German customers. The two companies said holidaymakers who are already in Egypt will be ab...

Solo performers were about twice as likely to die prematurely compared to those in a band, irrespective of whether they were European or Northern American

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...re twice as likely to die early compared to those in bands. The study looked at the careers of 1,400 European and North American rock and pop stars who were famous between 1956 and 2006. The chances of a European solo artist dying young was one in 10 – and twice as likely for those in North America. Experts suggest that peer support from band mates may be protective. The cut-off point of the...

Nicaragua and Venezuela have offered political asylum to US fugitive Edward Snowden

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...n if a country accepted the American’s application, getting there could prove difficult as the European airspace could be closed to any aircraft suspected of carrying the fugitive. Earlier this week, several European countries reportedly refused to allow the Bolivian president’s jet to cross their airspace on its way back from Moscow – apparently because of suspicions that Edward...

Edward Snowden is believed to be currently staying at Moscow's airport

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...e are urging the US to come clean over claims that its intelligence services have been spying on key European Union offices. A report in Germany’s Der Spiegel magazine said EU offices in the US and Europe had been bugged. Other “targets” included the French, Italian and Greek embassies in the US, according to leaked documents later mentioned by the Guardian newspaper. Fugitive wh...

The European Parliament has demanded full clarification from the US over a report that key EU premises in America have been bugged

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...as a “target”. It is not known what information US spies might have got, but details of European positions on to trade and military matters would have been useful to those involved in negotiations between Washington and European governments. In a statement on Saturday, Martin Shultz said: “On behalf of the European Parliament, I demand full clarification and require further info...

The European Commission has announced it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth

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The European Commission has announced it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth. France, Spain, Poland, Portugal, the Netherlands and Slovenia are all being given more time to complete their austerity plans. France will get two more years to bring its budget deficit below 3% of GDP. European Commission President Jose Manuel Barroso said th...

EU leaders are to begin talks on the bloc’s 2014-2020 budget, with many of them calling for cuts in line with the savings they are making nationally

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...8211; officially called the 2014-2020 Multi-Annual Financial Framework (MFF) – was drawn up by European Council President Herman Van Rompuy, who made cuts to the European Commission’s original plan. France objects to the proposed cuts in agriculture, while countries in Central and Eastern Europe oppose cuts to cohesion spending – that is, EU money that helps to improve infrastruc...

EU leaders at Brussels summit have agreed to use the eurozone's bailout fund to support struggling banks directly, without adding to government debt

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...evel, he said he shared “people’s concerns about Brussels getting too much power”. European authorities have also unveiled proposals such as the creation of a European treasury, which would have powers over national budgets. The 10-year plan is designed to strengthen the eurozone and prevent future crises, but critics say it will not address current debt problems   Related...

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European Union leaders have agreed on a roadmap for eurozone integration beyond the deal on centralized banking supervision, German Chancellor Angela Merkel said. Specific dates have not yet been agreed for the phases of integration. But the EU summit chairman, Herman Van Rompuy, said a deal should be reached next year on a joint resolution scheme for winding up failed banks. Herman Van Rompuy...

Ukraine denounces a threatened EU boycott of next month's Euro 2012 football championship as "destructive"

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...t will not attend unless Yulia Tymoshenko’s treatment improves. On Thursday, EU officials said European Commissioner Jose Manuel Barroso would not be attending. German Chancellor Angela Merkel is also reported to be considering boycotting the event, while the UK says it is undecided on whether to attend. Meanwhile, five European presidents – from Austria, the Czech Republic, Germany, I...

ESA’s rocket Vega has been developed to assure European access to space for payload classes weighing less than 2.5 tons

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European Space Agency’s rocket Vega is finally set to make its maiden flight on Monday. 30m-tall Vega, first conceived in the 1990’s, will launch on what is termed a qualification flight from the Kourou spaceport in French Guiana. Vega will carry nine satellites into orbit but the object of the mission is really to prove the rocket’s systems all work as designed. The vehicle has been...

A new research has found that modern Indo-European languages, which include English, originated in Turkey about 9,000 years ago

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A new research has found that modern Indo-European languages – which include English – originated in Turkey about 9,000 years ago. Researchers’ findings differ from conventional theory that these languages originated 5,000 years ago in south-west Russia. The New Zealand researchers used methods developed to study virus epidemics to create family trees of ancient and modern Indo-Europe...

Vladimir Putin will hold talks with Jose Manuel Barroso and Herman Van Rompuy

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...olitical dialogue, and that “foreign meddling” was to blame for Syria’s divisions. European Council President Herman Van Rompuy, European Commission President Jose Manuel Barroso and EU foreign policy chief Catherine Ashton are among those attending Monday’s summit. On Sunday, Vladimir Putin invited the EU leaders for dinner ahead of the talks at a lavish estate on the outs...

EU budget summit held in Brussels has ended without agreement on the 27-strong union's next seven-year budget

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...lt;We are not going to be tough on budgets at home just to come here and sign up to big increases in European spending>>,” he said. “We haven’t got the deal we wanted but we’ve stopped what would have been an unacceptable deal,” he added. “And in European terms I think that goes down as progress.” EU budget summit held in Brussels has ended without...

European Union leaders have agreed to set up a single eurozone banking supervisor

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European Union leaders have agreed to set up a single eurozone banking supervisor – a major step towards a banking union. A legislative framework is to be in place by January 1st 2013, with the body starting work later next year. The European Central Bank-led mechanism will have the power to intervene in any bank within the eurozone. The deal appears to be a compromise between France and Ge...

EU banking union plan is fraught with legal complications

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...ver the timetable for such a union, with Berlin advocating caution. Germany is also at odds with the European Commission over the scope of the proposed ECB supervision. Under the plan, all 6,000 banks in the 17-nation eurozone would be included, but Germany wants it limited to the biggest, “systemic” banks. As the summit got under way its chairman, European Council President Herman Van...

EU has announced a new package of sanctions against Iran over its controversial nuclear programme

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EU member states have announced a new package of sanctions against Iran over its controversial nuclear programme. Foreign ministers meeting in Luxembourg “significantly broadened EU restrictive measures”, focusing on Iranian banks, trade and gas exports, officials said. The ministers reiterated their “serious and deepening concerns” over Iran’s nuclear activities and...