Transatlantic News

Transatlantic News

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EU Leaders Agree on New Treaty to Tackle Crisis

Following a two-day summit in Brussels focused on tackling the sovereign debtcrisis, European leaders agreed to draft a new treaty that will strengthen fiscal integration and enforce stricter financial discipline among European Union member states. "The 17 Member States of the Eurozone and already many others are committed to a new fiscal compact," said President of the European Council, Herman Van Rompuy. President Van Rompuy stressed that the major decisions taken at the summit will help "safeguard the Eurozone,...
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Transatlantic Economic Council Meeting: EU and US Boost Economic Partnership

11/30/11 The EU and the US today strengthened transatlantic economic ties through a number of new initiatives. At the Transatlantic Economic Council (TEC), senior EU and US leaders agreed to facilitate their customs procedures, to strengthen their cooperation on electric vehicle and smart grid research and in the fields of new technologies, such as cloud computing, and raw materials. Read more; EU-US Transatlantic Economic Council Joint Statement ; JRC Signs Letter of Intent with the US Department of Energy...
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Mr Theodoros Pangalos , The Greek Vice-President, comments on the Greek Crisis

Mr Theodoros Pangalos , Vice-President of the Greek government was the host of the EACC’s European American Press Club in Paris today. Speaking on the record, he mostly addressed the current “Greek crisis”. His key comments were : - Greece does not need fresh aid . It only needs the “troika” (EU,ECB,IMF) to implement the 07/21 accord. Greece will keep its word and do its bit provided the troika fulfills its financial...
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President Barroso Delivers State of the Union 2011 Address and Answers Your Questions

European Commission President José Manuel Barroso will deliver the State of the Union Address 2011 tomorrow, September 28, at the European Parliament in Strasbourg. As Europe faces a defining moment, President Barroso will provide an assessment of where the Union stands and chart the way ahead, especially with respect to the EU's response to the economic crisis. The speech will be followed by a debate in the plenary. People can also directly address President Barroso as part of YouTube's World View...
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Ambassador Vale de Almeida Discusses EU Economy on C-SPAN

Appearing on C-SPAN's Washington Journal this morning, Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States, welcomed the German Parliament's vote to expand the powers of the European Financial Stability Facility. "It was very good news for the capacity of Europe to deal with this crisis," said Ambassador Vale de Almeida. "Germany is an important country in the EU – one of the strongest economies. It is very clear that we want to exit...
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President Barroso’s State of the Union Address

Speaking to the European Parliament in his annual State of the Union Address, European Commission President José Manuel Barroso said "the economic outlook that we face is very difficult. We are confronted with the negative effects of an ongoing global re-assessment of risks. It is therefore our responsibility to rebuild confidence and trust in the euro and our Union as a whole. And we can do this by showing that we are able to take all the decisions needed...
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Commissioner Rehn on Europe’s Economic Agenda: Restoring Confidence, Fostering Growth

Speaking at the Peterson Institute for International Economics in Washington, DC, today, EU Economic and Monetary Affairs Commissioner Olli Rehn stressed that "the immediate challenge is to stabilize the situation in Greece" and that the "European Union is not going to abandon Greece. An uncontrolled default or exit of Greece from the euro zone would cause enormous economic and social damage, not only to Greece but to the European Union as a...

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