Tag: European Union

EU seeks coalition to revive Mideast peace push

Part of the reason for seeking an international coalition is the deep internal divisions within the 28-nation EU over Middle East policy that limit its ability to take an active role.   Participants in the Iran nuclear accord were world powers Russia, China, the United States, Britain, France and Germany. EU diplomats see a chance […]

Hiyatollah!

IT WAS historic: everyone can agree on that. But whereas some say the deal done in Vienna this week between Iran and six world powers plus the European Union was a breakthrough that keeps nuclear proliferation at bay and begins to mend a 36-year feud with America, others are convinced it was, as Israel’s prime […]

Backing Out of ObamaTrade

Obama Trade Policy Canada and dozens of Belgian towns are pushing back against dangerous international trade schemes promoted by President Obama. By Rick Brinegar   Proposed trade agreements, to be conducted under international law, have been called “EU-style transnational bureaucracies,” “corporationism,” “corporate welfare,” “a brazen assault on national, regional, and local sovereignty” and “sovereignty surrender […]

Iran, World Leaders Announce ‘Win-Win’ Iran Deal

An official announcement of the Iran nuclear deal was made early Tuesday afternoon in Vienna by negotiators from Iran, the EU, and the P5+1 group of world powers including the US, UK, France, Germany, China and Russia.   EU foreign policy chief Federica Mogherini sat next to Iranian Foreign Minister Mohammad Javad Zarif with other officials […]

The Latest: Israeli official: Iran deal a ‘license to kill’

A flag-draped stage awaits nuclear negotiators speaking at a news conference over the Iran deal.   Journalists began filing into a conference hall to listen to negotiators discuss the deal later Tuesday. On the stage, the flags of China, France, Germany, the European Union, Iran, Russia, the United Kingdom and the U.S. all stood in […]

Greece’s bailout plan: EU market reaction

Headlines from Bloomberg on Thursday evening characterized this plan as similar to the European Commission’s plan presented on June 26. Essentially, this suggests that this “new” plan is more likely to be approved by Greece’s European creditors because they came up with the plan in the first place.   The FTSE 100 is up nearly […]

Expecting an Iran deal, White House and Congress prepare to do battle

VIENNA — Negotiations between world powers and Iran over its nuclear program continued on Wednesday with hardly a murmur from diplomats as they ran through their thirteenth straight day at the effort.   Meetings, mostly between US and Iranian delegates, maintained pace and resulted in some progress, according to one State Department official, after a […]

Deadline day for Greek ‘last chance’ bailout plan

Greece was to submit a detailed bailout request to its EU partners in the eurozone Thursday in a last-ditch effort to save its collapsing economy and its membership in the European single currency.   Prime Minister Alexis Tsipras vowed on Wednesday that his country’s new plan asking for billions in euros would contain “concrete proposals, […]

Greek debt crisis: What next for the European Union dream?

Or, at least, some of those with a long memory have been wondering. For the past few years, as the EU has grappled with economic and migration crises, even the idea of a European idea has been largely absent from the debate, apart from often vague-sounding calls for solidarity. In fact, many younger Europeans probably […]

“This is the most critical moment in our history”

The European Union faces “the most critical” moment in its 64-year history, after leaders warned they had five days to prevent Greece from careering out of the euro and into a full blown humanitarian crisis. “Our inability to find agreement may lead to the bankruptcy of Greece and the insolvency of its banking system”, said […]