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European Union shrugs off debunking of pro-austerity academic study

EU austerity hawks shrug off criticism of flawed academic paper (via The Christian Science Monitor) Copyright ImageClick to View European Commissioner for Economic and Monetary Affairs Olli Rehn addresses the media at the European Commission headquarters in Brussels earlier this month. Mr. Rehn wrote on his blog that despite flaws…

U.S. seeks public comment on proposed European Union trade deal

The United States put its proposed trade partnership with the European Union to the public Monday, marking another step toward creating the world’s largest free-trade area. The US Trade Representative (USTR) said it was seeking public comments on the proposed Transatlantic Trade and Investment Partnership, including regarding US interests and…

Ancient Pompeii to get 105 million-Euro makeover

The long-neglected Roman city of Pompeii will get a 105-million euro ($142-million) makeover partly funded by the EU starting on Wednesday, a day after former site managers were put under investigation for corruption. The project, which is being funded to the tune of 41.8 million euros from the European Union,…

Spain has stopped importing Iranian oil: official

Spain stopped importing Iranian oil ”at the end of February” because of the imposition of a gradual European Union embargo, the foreign ministry said Tuesday. “We haven’t imported Iranian oil since the end of February as businesses have diversified their buying because of Europeansanctions,” a ministry spokesman said. “This is the logical fallout of Spain’s…

EU concerned about latest Gaza violence

The European Union on Saturday expressed concern at the worst Israeli-Palestinian violence in three years which left 14 Palestinians dead, calling on both sides to restore calm. A statement from EU foreign policy chief Catherine Ashton said the bloc “is following with concern the recent escalation of violence in Gaza…

Ten arrests in global child porn network

Ten people have been arrested in France, Italy, Portugal and the United States in an Italian-led inquiry into an online child porn network operating in 28 countries, investigators said Thursday. The prosecutor’s office in Florence headed the probe, nicknamed “Operation Nanny”, in coordination with the European Union’s judicial cooperation unit…

European Union, U.S. sign organic food deal

NUREMBERG, Germany — Food products classified as organic in the European Union or the United States can be sold as such in either region after a deal struck on Wednesday between the two major trading blocs. The agreement, signed in the southern city of Nuremberg between top officials from both…

Greek unions unleash 48-hour anti-austerity strike

Greek unions Friday unleashed a 48-hour strike against new austerity measures to go before parliament and required by the European Union and the IMF in exchange for badly needed aid. The measures, dubbed “the grave of Greek society,” sparked a strike call by the CSEE and Adedy unions that together…

Obama hails new EU sanctions on Iran

WASHINGTON — US President Barack Obama on Monday hailed new European Union sanctions imposing an embargo on Iranian oil to stifle funds reaching Tehran’s suspect nuclear program. Obama applauded the actions of the European Union “to impose additional sanctions on Iran in response to the regime’s continuing failure to fulfill…

West edges closer to confrontation with Iran

Iran’s showdown with the West slid closer to dangerous confrontation on Tuesday as international alarm over a new uranium enrichment plant and Tehran’s death sentence for a “CIA spy” raised the stakes. Both sides were digging in deeper and brandishing military muscle, with Iran’s defiance hardening and the United States…

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