(Reuters) - The euro zone is not in danger of breaking up despite some analysts' worse case scenarios, European Central Bank President Mario Draghi said, judging that the bloc was inevitably marching towards closer union among its members. Full Article

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A measure known as the "Corzine rule" would require top executives at futures brokers to sign off on major withdrawals from customer accounts. A major withdrawal would be considered anything more than 25 percent of a customer's excess funds. read on

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American enthusiasm for international accounting standards appears to have waned. Without any fanfare, the staff of the SEC released a long-delayed study about use of international accounting standards in the United States, several weeks after it had been finished. read on

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The European American Chamber of Commerce New York hosted a Newsmaker Breakfast for the Danish Minister for European Affairs, Nicolai Wammen, during his visit to New York this week. The ministers presentation “Europe – The Path Ahead” focused on the current economic situation in Europe, the main results achieved during the recently completed Danish EU Presidency and not least on creating growth and jobs across the Atlantic. “I am not so fortunate as to live in New York every day, but...

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Speaking at the Peterson Institute for International Economics in Washington, DC, today, EU Internal Market and Services Commissioner Michel Barnier outlined further European integration efforts leading towards a more integrated banking, economic and fiscal union. "Europe will soon be the first region in the world to have translated the Basel III agreement on banks' capital rules into binding law. We will apply these rules to more than 8000 European banks," he pointed out, noting that "it is very important that...

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A new Eurobarometer survey shows that Internet users are very concerned about cyber security: 89% avoid disclosing personal information online, and 74% agree that the risk of becoming a victim of cybercrime has increased in the past year. 12% of internet users across the EU have already experienced online fraud, and 8% have fallen victim to identity theft. Nonetheless, 53% have not changed any of their online passwords during the past year. "While ever more people are making the most out...

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More than 90% of EU citizens find quality and price an important factor when buying food, and more important than origin (71%) and brand (47%) – indeed they were deemed "very important" by 65% (quality) and 54% (price), according to a new EUROBAROMETER survey on food security, food quality and the countryside, which is published today. Quality labels are important for two-thirds of respondents, and there is an improvement on previous years in the recognition of the different EU quality...

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The European Commission has today announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). In total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanisation and managing waste. The funding – which is open to organisations and businesses in all EU Member States and partner countries -...

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The European Commission has published a call for proposals to support Transatlantic Civil Society Dialogues between the European Union and the United States.  Funding is available for projects that strengthen dialogues on a wide range of issues, including the continuation of the consumer dialogue, a transatlantic development and humanitarian dialogue with a special focus on the security nexus in development, and a transatlantic environmental dialogue focusing on energy issues and climate change. All shall involve a broad set of stakeholders...

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The single market has been at the core of the European project from the start, and today, instead of being blocked by national borders and barriers, people, goods, services and money move around the EU nearly as freely as they do within a single country.    Between 1992 and 2009, measures creating the single market generated an additional 2.75 million jobs and 2.15 percent in growth in the EU. Today, trade among EU member countries accounts for 17 percent of...

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