Tag #European Union

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kathimerini.gr

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May 16, 10:12

Greece Exceeds Budget Targets in First Four Months of 2025

Greece's government budget showed a €60 million surplus in the first four months of 2025, exceeding tax revenue targets by €1.455 billion (7%) due to improved tax collection and lower-than-expected spending, excluding recently announced €1.1 billion relief measures.

Greece Exceeds Budget Targets in First Four Months of 2025

Greece's government budget showed a €60 million surplus in the first four months of 2025, exceeding tax revenue targets by €1.455 billion (7%) due to improved tax collection and lower-than-expected spending, excluding recently announced €1.1 billion relief measures.

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How did the timing of tax collection and government spending affect the overall budget outcome?

The positive budget performance is attributed to increased tax revenue collection efficiency and earlier-than-expected income tax collection. This is primarily due to improved tax collection mechanisms and the early launch of the tax declaration application in March 2025. These factors offset lower-than-expected government spending.

dw.com

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May 16, 10:12

Germany Abolishes Special Envoy Position for Western Balkans

Germany's new government under Chancellor Friedrich Merz eliminated the special envoy position for the Western Balkans, established in 2022 to support EU integration, as part of a broader governmental streamlining initiative; this decision has sparked mixed reactions, with concerns about reduced reg...

Germany Abolishes Special Envoy Position for Western Balkans

Germany's new government under Chancellor Friedrich Merz eliminated the special envoy position for the Western Balkans, established in 2022 to support EU integration, as part of a broader governmental streamlining initiative; this decision has sparked mixed reactions, with concerns about reduced reg...

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What is the immediate impact of Germany abolishing its special envoy position for the Western Balkans?

Germany's new government, led by Chancellor Friedrich Merz (CDU), abolished several special envoy positions, including the envoy for Western Balkan countries. This role, established in 2022 under Foreign Minister Annalena Baerbock (Greens), aimed to support the region's EU integration. The Foreign Ministry stated this is part of the government's streamlining efforts.

kathimerini.gr

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May 16, 10:12

Greece's Debt Reduction Success Masked by High Debt and Negative Investment Position

Greece's debt-to-GDP ratio decreased significantly (60% since Q1 2021), the highest reduction rate in the Eurozone, yet its public debt (154% of GDP) is the highest, while its negative net international investment position (-132% of GDP) is the worst, raising concerns about medium-term debt sustaina...

Greece's Debt Reduction Success Masked by High Debt and Negative Investment Position

Greece's debt-to-GDP ratio decreased significantly (60% since Q1 2021), the highest reduction rate in the Eurozone, yet its public debt (154% of GDP) is the highest, while its negative net international investment position (-132% of GDP) is the worst, raising concerns about medium-term debt sustaina...

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What are the immediate implications of Greece's high debt level, despite its success in reducing its debt-to-GDP ratio?

Greece has significantly reduced its debt-to-GDP ratio in recent years, achieving the highest reduction rate in the Eurozone. However, its public debt remains the highest in the region at 154% of GDP, and its net international investment position is the worst at -132% of GDP, raising concerns about debt sustainability.

lefigaro.fr

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May 16, 19:13

France to Voluntarily Display Clothing's Environmental Costs

France's plan to display environmental costs on clothing, approved by the EU, will be voluntary starting in the second half of 2024, aiming to curb fast fashion's impact and protect French jobs amidst competition from Chinese companies like Shein and Temu; the system uses the EU-recommended PEF meth...

France to Voluntarily Display Clothing's Environmental Costs

France's plan to display environmental costs on clothing, approved by the EU, will be voluntary starting in the second half of 2024, aiming to curb fast fashion's impact and protect French jobs amidst competition from Chinese companies like Shein and Temu; the system uses the EU-recommended PEF meth...

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Responsible Consumption and Production

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How does the voluntary nature of this labeling impact the competitiveness of French textile brands against fast-fashion giants?

This initiative, part of France's 2021 Climate and Resilience Act, was delayed due to industry resistance. The calculation method uses the EU-recommended PEF, considering 16 criteria including greenhouse gas emissions and water consumption.

dw.com

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May 15, 01:11

EU Court Orders Release of Von der Leyen-Pfizer Text Messages

The General Court of the European Union annulled the European Commission's 2022 decision to block the release of text messages between Commission President Ursula von der Leyen and Pfizer CEO Albert Bourla, exchanged between January 2021 and May 2022 during the negotiation of multi-billion euro COVI...

EU Court Orders Release of Von der Leyen-Pfizer Text Messages

The General Court of the European Union annulled the European Commission's 2022 decision to block the release of text messages between Commission President Ursula von der Leyen and Pfizer CEO Albert Bourla, exchanged between January 2021 and May 2022 during the negotiation of multi-billion euro COVI...

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Good Health and Well-being

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How did the European Commission justify its refusal to release the text messages, and why did the GCUE reject these justifications?

The GCUE's decision highlights concerns about transparency within the European Commission, particularly regarding the negotiation of multi-billion euro vaccine contracts during the COVID-19 pandemic. The court's rejection of the Commission's claim of lacking the requested documents underscores the importance of accountability in public decision-making. The case, dubbed "Pfizergate", involved allegations of excessive vaccine pricing and opaque decision-making processes.

politico.eu

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May 15, 07:13

EU Considers Digital Tax to Repay Post-Covid Debt, Risking U.S. Confrontation

The European Commission proposes a digital tax to repay €350 billion in post-Covid debt, starting in 2028, potentially creating conflict with the U.S. and facing opposition within the EU.

EU Considers Digital Tax to Repay Post-Covid Debt, Risking U.S. Confrontation

The European Commission proposes a digital tax to repay €350 billion in post-Covid debt, starting in 2028, potentially creating conflict with the U.S. and facing opposition within the EU.

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What are the immediate implications of the European Commission's consideration of a digital tax to repay its post-Covid debt?

The European Commission is considering a digital tax to repay €350 billion in post-Covid debt, starting repayments in 2028. This could cause conflict with the U.S., as it may be seen as retaliation against U.S. tariffs and disproportionately affects U.S. tech companies. Opposition from countries like Italy and Germany, who value trade with the U.S., further complicates the issue.

politico.eu

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May 16, 07:13

Portugal Heads to Snap Elections Amidst Political Uncertainty

Portugal holds snap elections this Sunday, less than a year after the last vote, with Prime Minister Luís Montenegro's Democratic Alliance projected to win the most votes but fall short of a majority; a hung parliament and prolonged political instability are expected.

Portugal Heads to Snap Elections Amidst Political Uncertainty

Portugal holds snap elections this Sunday, less than a year after the last vote, with Prime Minister Luís Montenegro's Democratic Alliance projected to win the most votes but fall short of a majority; a hung parliament and prolonged political instability are expected.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of the upcoming Portuguese election given the predicted hung parliament and the current political climate?

Portugal is holding snap elections on Sunday, less than a year after the last national election. Prime Minister Luís Montenegro resigned in March following a no-confidence vote after questions were raised about a family-controlled data protection consultancy with government contract clients. Polls predict a hung parliament, with Montenegro's Democratic Alliance likely to win the most votes but fall short of a majority.

kathimerini.gr

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May 16, 13:12

High Greek Business Loan Rates Despite ECB Cuts

Greek business loan interest rates remain high despite ECB rate cuts, contrasting with relaxed lending criteria and high loan demand driven by investments and EU funds, reaching €2 billion in net financing in 2024.

High Greek Business Loan Rates Despite ECB Cuts

Greek business loan interest rates remain high despite ECB rate cuts, contrasting with relaxed lending criteria and high loan demand driven by investments and EU funds, reaching €2 billion in net financing in 2024.

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Decent Work and Economic Growth

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How do the trends in Greek business loan demand compare to the Eurozone, and what factors explain the divergence?

The Bank of Greece's report highlights that increased demand for loans in Greece, driven by investments, working capital, mergers and acquisitions, contrasts with the declining demand seen in the Eurozone. While Greek business lending increased by 9.5% in 2024 and reached 16.8% in March 2025, the net financing flow for businesses rose to €2 billion in 2024 from €1.4 billion in 2023. This robust demand is fueled by the Recovery and Resilience Facility and the National Strategic Framework 2021-2027.

pt.euronews.com

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May 16, 13:11

EU Average Personal Tax Rates in 2024: Belgium Highest, UK Lowest

Based on OECD and Eurostat data, Belgium had the highest average personal tax rate (39.7%) in 2024 among EU countries, while Cyprus had the lowest (15.6%). Italy saw the largest increase (7.5%), and the UK the largest decrease (-8.6%).

EU Average Personal Tax Rates in 2024: Belgium Highest, UK Lowest

Based on OECD and Eurostat data, Belgium had the highest average personal tax rate (39.7%) in 2024 among EU countries, while Cyprus had the lowest (15.6%). Italy saw the largest increase (7.5%), and the UK the largest decrease (-8.6%).

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What were the most significant annual changes in average personal tax rates across European countries in 2024?

These variations reflect differences in income tax rates and social security contributions across EU nations. Germany's high rate (37.4%) compared to the UK's (21.4%) is largely due to higher social security contributions in Germany (20.7%) versus the UK (5.9%). Southern European countries generally saw tax increases in 2024, while Eastern European countries showed a mixed trend.

welt.de

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May 16, 16:10

Mainz 05 on Verge of Conference League Qualification

Mainz 05 faces Bayer Leverkusen in the final Bundesliga match, needing a win to secure Conference League qualification with a six-goal advantage over RB Leipzig; a high-scoring win could even secure Europa League qualification.

Mainz 05 on Verge of Conference League Qualification

Mainz 05 faces Bayer Leverkusen in the final Bundesliga match, needing a win to secure Conference League qualification with a six-goal advantage over RB Leipzig; a high-scoring win could even secure Europa League qualification.

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What is the immediate impact of Mainz 05's victory over Bayer Leverkusen on their European competition qualification?

Mainz 05 is on the verge of qualifying for the Conference League, holding a six-goal advantage over RB Leipzig. A narrow victory against Bayer Leverkusen on the final Bundesliga matchday would secure their spot. Their coach, Bo Henriksen, emphasized the team's year-long preparation for this crucial match.

europe.chinadaily.com.cn

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May 15, 07:13

Michel Urges Stronger China-EU Cooperation Amidst Global Uncertainty

Former European Council President Charles Michel urges stronger China-EU cooperation to navigate global challenges, citing $762 billion in bilateral trade in 2024 and suggesting reforms to the WTO and new financial tools to foster collaboration.

Michel Urges Stronger China-EU Cooperation Amidst Global Uncertainty

Former European Council President Charles Michel urges stronger China-EU cooperation to navigate global challenges, citing $762 billion in bilateral trade in 2024 and suggesting reforms to the WTO and new financial tools to foster collaboration.

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How does Michel's suggestion to reform the WTO dispute settlement mechanism relate to the broader context of China-EU trade relations?

Michel's comments highlight the increasing interdependence between China and the EU in tackling complex global issues. His call for a new plan to address internet development and partnerships underscores the need for international collaboration, moving beyond national approaches. The significant bilateral trade volume further emphasizes the economic benefits of this cooperation.

spanish.china.org.cn

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May 15, 10:12

China-EU Celebrate 50 Years of Partnership, Focusing on Economic Cooperation and Green Transition

China and the EU held a cooperation conference in Beijing marking 50 years of diplomatic relations, highlighting their strong economic ties (\$780 billion in bilateral trade), collaboration on green development, and commitment to multilateralism amidst global uncertainty.

China-EU Celebrate 50 Years of Partnership, Focusing on Economic Cooperation and Green Transition

China and the EU held a cooperation conference in Beijing marking 50 years of diplomatic relations, highlighting their strong economic ties (\$780 billion in bilateral trade), collaboration on green development, and commitment to multilateralism amidst global uncertainty.

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What are the key takeaways from the 50th anniversary conference between China and the EU, focusing on immediate impacts and changes?

China and the European Union (EU) celebrated 50 years of diplomatic relations with a cooperation conference in Beijing. The event highlighted the complementary strengths of both economies, focusing on areas like multilateralism and green development. Bilateral trade has surged to \$780 billion, a 320-fold increase over 50 years.

Showing 433 to 444 of 3,947 results