News / Europe

    EU Summit Wraps After Little Progress

    European Council President Herman Van Rompuy, right, and European Commission President Jose Manuel Barroso, address the media at the end of an EU summit, at the European Council building in Brussels, May 24, 2012.
    European Council President Herman Van Rompuy, right, and European Commission President Jose Manuel Barroso, address the media at the end of an EU summit, at the European Council building in Brussels, May 24, 2012.
    Lisa Bryant
    PARIS - European leaders wrapped up a one-day meeting in Brussels early Thursday calling for growth and for Greece to remain in the euro currency union. But they delivered few specifics on the way forward and are sharply divided on some new measures, like eurobonds. 

    Speaking to reporters after a European Union dinner meeting in Brussels, the EU's president Herman Van Rumpoy said leaders were united on a three-pronged growth strategy.

    "First, we need to mobilize EU policies to fully support growth. Second, we need to step up our efforts to finance the economy through investments and third we need to strengthen job creation," he said.

    Boosting growth is the new byword in Europe, as some reports predict the eurozone economy will contract again this year as anti-austerity protests mount. Greece remains the key focus of European concern. The country holds a second round of parliamentary elections that some analysts say amount to a referendum on whether it will remain in the euro currency union.

    Van Rompuy reaffirmed European support for Greece to stay in the eurozone.

    "We want Greece to remain in the euro area while respecting its commitments. We are fully aware of the significant efforts already made by the Greek citizens. The eurozone has shown considerable solidarity - having already disbursed with the IMF nearly 150 billion euros [$189 billion] in support of Greece since 2010," he said.

    The dinner talks in Brussels aimed to prepare for a formal EU summit next month. But the European leaders left without agreeing on specific steps forward. France's new President, Francois Hollande is pushing eurobonds - a form of jointly issued debt - among stronger actions to spur growth. Economic powerhouse Germany is against eurobonds.

    At an early morning news conference, Hollande acknowledged the disagreements over eurobonds and other new measures, but described the Brussels meeting as a first step to discuss them.

    You May Like

    Escalation of Media Crackdown in Turkey Heightens Concerns

    Critics see 'a new dark age' as arrests of journalists, closures of media outlets by Erdogan government mount

    Russia Boasts of Troop Buildup on Flank, Draws Flak

    Russian military moves counter to efforts to de-escalate tensions, State Department says

    Video Iraqis Primed to March on Mosul, Foreign Minister Says

    Iraqi FM Ibrahim al-Jaafari tells VOA the campaign will meet optimistic expectations, even though US officials remain cautious

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Anonymous
    May 24, 2012 6:03 PM
    YES! Definately! BEWARE of PROJECT ESHELON!

    by: NVO from: USA
    May 24, 2012 12:47 PM
    These people are ALL NEW WORLD ORDER DRONES, pushing for a ONE WORLD GOVERNMENT, AND REVELATION 13:16. The Globalist Elites in the Bilberbergs, The Council On Foreign Relations, The Trilateral Commission will SILENCE the media as to their sinister plans for a ONE WORLD GOVERNMENT. DO NOT BE DECEIVED, THE NEW WORLD ORDER IS ON THE RISE!!! BEWARE OF PROJECT ESHELON!

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Immigrant Delegate Marvels at Democratic Processi
    X
    Katherine Gypson
    July 27, 2016 6:21 PM
    It’s been a bitter and divisive election season – but first time Indian-American delegate Dr. Shashi Gupta headed to the Democratic National Convention with a sense of hope. VOA’s Katherine Gypson followed this immigrant with the love of U.S. politics all the way to Philadelphia.
    Video

    Video Immigrant Delegate Marvels at Democratic Process

    It’s been a bitter and divisive election season – but first time Indian-American delegate Dr. Shashi Gupta headed to the Democratic National Convention with a sense of hope. VOA’s Katherine Gypson followed this immigrant with the love of U.S. politics all the way to Philadelphia.
    Video

    Video A Life of Fighting Back: Hillary Clinton Shatters Glass Ceiling

    Hillary Clinton made history Thursday, overcoming personal and political setbacks to become the first woman to win the presidential nomination of a major U.S. political party. If she wins in November, she will go from “first lady” to U.S. Senator from New York, to Secretary of State, to “Madam President.” Polls show Clinton is both beloved and despised. White House Correspondent Cindy Saine takes a look at the life of the woman both supporters and detractors agree is a fighter for the ages.
    Video

    Video Dutch Entrepreneurs Turn Rainwater Into Beer

    June has been recorded as one of the wettest months in more than a century in many parts of Europe. To a group of entrepreneurs in Amsterdam the rain came as a blessing, as they used the extra water to brew beer. Serginho Roosblad has more to the story.
    Video

    Video First Time Delegate’s First Day Frustrations

    With thousands of people filling the streets of Philadelphia, Pennsylvania for the 2016 Democratic National Convention, VOA’s Kane Farabaugh narrowed in on one delegate as she made her first trip to a national party convention. It was a day that was anything but routine for this United States military veteran.
    Video

    Video Commerce Thrives on US-Mexico Border

    At the Democratic Convention in Philadelphia this week, the party’s presumptive presidential nominee, Hillary Clinton, is expected to attack proposals made by her opponent, Republican presidential nominee Donald Trump, to build a wall along the U.S.-Mexico border. Last Friday, President Barack Obama hosted his Mexican counterpart, President Enrique Peña Nieto, to underscore the good relations between the two countries. VOA’s Greg Flakus reports from Tucson.
    Video

    Video Film Helps Save Ethiopian Children Thought to be Cursed

    'Omo Child' looks at effort of African man to stop killings of ‘mingi’ children
    Video

    Video London’s Financial Crown at Risk as Rivals Eye Brexit Opportunities

    By most measures, London rivals New York as the only true global financial center. But Britain’s vote to leave the European Union – so-called ‘Brexit’ – means the city could lose its right to sell services tariff-free across the bloc, risking its position as Europe’s financial headquarters. Already some banks have said they may shift operations to the mainland. Henry Ridgwell reports from London.
    Video

    Video Recycling Lifeline for Lebanon’s Last Glassblowers

    In a small Lebanese coastal town, one family is preserving a craft that stretches back millennia. The art of glass blowing was developed by Phoenicians in the region, and the Khalifehs say they are the only ones keeping the skill alive in Lebanon. But despite teaming up with an eco-entrepreneur and receiving an unexpected boost from the country’s recent trash crisis the future remains uncertain. John Owens reports from Sarafand.
    Video

    Video Migrants Continue to Risk Lives Crossing US Border from Mexico

    In his speech Thursday before the Republican National Convention, the party’s presidential candidate, Donald Trump, reiterated his proposal to build a wall along the U.S.-Mexico border if elected. Polls show a large percentage of Americans support better control of the nation's southwestern border, but as VOA’s Greg Flakus reports from the border town of Nogales in the Mexican state of Sonora, the situation faced by people trying to cross the border is already daunting.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Calm the Waters: US Doubles Down Diplomatic Efforts in ASEAN Meetings

    The United States is redoubling diplomatic efforts and looking to upcoming regional meetings to calm the waters after an international tribunal invalidated the legal basis of Beijing's extensive claims in the South China Sea. VOA State Department correspondent Nike Ching has the story.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.

    Special Report

    Adrift The Invisible African Diaspora