The euro fell on concern stress tests of European Union banks failed to identify sources of weakness that would aggravate the region’s debt crisis, ending its longest weekly rally in nine months versus the dollar. Slumping the greatest amount versus growth-sensitive currencies such as the Australian and New Zealand dollars, the 16-nation currency depreciated against [...]
In a sweeping effort to combat the debt crisis that has engulfed Europe and threatened markets around the world, European leaders—pressured by sliding markets and doubts over their ability to act decisively—agreed on Monday to provide a huge rescue package of nearly $1 trillion. Finance ministers from the European Union agreed on a deal that [...]
The British National Air Traffic Service reported that the eruption of the volcano in Iceland has strengthened just hours after European Union transportation ministers agreed on a plan to ease restrictions on airliner traffic. A new ash cloud is heading toward Britain said a statement released late Monday. It described the situation as unpredictable and [...]
On Thursday, European Union leaders met in Brussels to discuss ways the bloc can pull itself out of stunted economic growth and high unemployment, and how it should address the worsening financial crisis in Greece. Before the summit, European Commission President Jose Manuel Barroso circulated a briefing paper stressing the urgency of the tasks ahead. [...]
Czech President Vaclav Klaus announced on his Web site Tuesday that he has signed the European Union’s Lisbon Treaty, paving the way for major changes to the way the 27-nation bloc is run. A government spokesman said that the Czech Constitutional court ruled hours earlier that the treaty did not conflict with the country’s constitution. [...]
