The European Commission (EC) on Wednesday proposed mobilizing 1 billion euros (about 1.14 billion U.S. dollars) for the Youth Employment Initiative as early as this year.
It has been a busy Wednesday for new Greek Prime Minister Alexis Tsipras and his Finance Minister Yanis Varoufakis as they were lobbying across Europe for a solution to its debt.
Election results in Greece are expected to have a mixed impact on the Italian economy and could embolden Italian populists movements similar to the Syriza party which swept to power in Greece.
Italian analysts are keeping a close watch on what they expect to be a compromise solution to debt problems of bailed-out Greece following Syriza's electoral victory on Sunday.
German Chancellor Angela Merkel on Thursday called for urgent fiscal reform in Europe at the on-going annual meeting of the World Economic Forum.
The bloody terrorist attacks in Paris last week marked a watershed moment, triggering political leaders to take to the street to express their resolve in fighting terrorism.
Ageing Italian President Giorgio Napolitano resigned on Wednesday before the natural end of his second seven-year tenure, amid growing ferment in politics for the choice of his successor.
A massive march commenced Sunday afternoon in Paris with the participation of French President Francois Hollande and leaders from dozens of foreign countries, according to Xinhua journalists at Square of the Republique.
The European Union (EU) leaders on Thursday in their summit meeting agreed to support the Investment Plan for Europe, calling for setting up a European Fund for Strategic Investment (EFSI) and starting the plan as early as mid-2015.
The European Union's (EU) winter summit will focus on investments in Europe and the situation in Ukraine, European Council President Donald Tusk said on Wednesday on twitter.
For the smaller credit rating agencies (CRAs) based in Europe, a draft technical standard outlined by the European Banking Authority (EBA) for the mapping of ratings would mean exclusion from entering into the covered bond market, CRAs have denounced.
Leaders of the United States and the European Union (EU) discussed potential coordinated action against Russia over its "destabilizing actions" in eastern Ukraine and Crimea, the White House said Monday.
The recent feud between Italy and newly installed leadership of the European Commission over Italy's 2015 budget proposal has at least a little political theater in it, experts say.
The European Union (EU) on Wednesday said in a statement it disbursed 260 million euros (323 million U.S. dollars) to Ukraine with an aim to support the country financially.
EU to provide over 30 mln euros to help redundant workers
Eurozone ministers agree current situation not satisfactory
Eurozone's consumer confidence improved slightly in October after four months of decline, flash estimated data from the European Commission showed on Thursday.
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