News / Europe

    EU Leaders Meet With Economy Topping Agenda

    German Chancellor Angela Merkel, center, attends a round table during an EPP party meeting ahead of an EU summit in Brussels, 16 Dec 2010
    German Chancellor Angela Merkel, center, attends a round table during an EPP party meeting ahead of an EU summit in Brussels, 16 Dec 2010

    European Union leaders are expected to approve a permanent bailout fund for debt-strapped eurozone members during a summit in Brussels. 

    Debt-strapped members Ireland and Greece are struggling to get their financial houses in order after receiving bailout packages.  Portugal and Spain are also on financially shaky ground.  Earlier this week, ratings agencies warned they may downgrade the credit ratings of Madrid and Belgium.

    And the wave of fiscal austerity packages adopted by a number of EU members have sparked protests across Europe, with Greece hit by riots on Wednesday.

    The general secretary of the Brussels-based European Trade Union Confederation, John Monks, said Europe should spend more, not less, to emerge from its fiscal problems. "The message is to change course.  You need some good news for Europe, not just a Europe that is punishing, penalizing countries that get in trouble - which is certainly the impression in Greece and Ireland at the present time," he said.

    EU leaders are expected to approve a permanent bailout package for indebted countries using the euro currency to replace an interim mechanism that expires in 2013.  But they are do not agree on other key issues.

    Euro bonds, a mechanism to allow weaker members to borrow at lower rates, is one divisive issue.  Luxembourg Prime Minister Jean-Claude Junker champions the idea, but European heavyweights Germany and France have ruled it out.

    French President Nicolas Sarkozy said euro bonds would make indebted countries less responsible for their fiscal problems.

    European Commission President Jose Manuel Barroso also ruled out discussion of euro bonds. "Eurobonds are in themselves an interesting idea," he says, "The Commission itself put the idea forward back in 2008, when assessing the first 10 years of the EMU [European Monetary Union], but we are in a crisis situation and we are already have financial mechanisms to address that crisis like the European financial Stability facility."

    Analysts say the current lack of unity on the fixing the eurozone's problems has been the theme of the European Union during this difficult economic year.

    You May Like

    Leaving Scalia Replacement to 2017 Would Mean Unusually Long Vacancy

    History of high court shows Obama not in unique situation during final year of presidency

    US Fact Checkers Debunk Some Republican Presidential Candidate Claims 

    Slim evidence for several claims made by Republican presidential candidates at their last debate ahead of next Saturday's key nominating election in South Carolina

    Uganda Presidential Debate a Small Victory for Democracy

    In homes and bars across country, Ugandans were fixated on their screens as eight political candidates running for president took part in national debate

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    New Technology Aims to Bring Election Transparency to Ugandai
    X
    Serginho Roosblad
    February 12, 2016 9:29 PM
    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video Refugees in Kenya Vie to Compete in Rio Olympics

    In Kenya, refugees from other African nations are training at a special camp and competing for a limited number of slots in this year's Rio Olympics under the flag of the International Olympic Committee (IOC). As Lenny Ruvaga reports from Ngong, this is a first in Olympic history.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.