Eurotactics

Crisis-hit Europe seeks rebound with new economic strategy

The European Union, shaken by Greece's fiscal crisis and struggling to get its new institutions into gear, hopes to relaunch itself this week as leaders mull improved, coordinated economic governance.

Bulgaria risks losing ‘billions’ of EU funds

Sofia risks losing billions of euros of EU development funds because of a failure to submit well-budgeted, corruption-free projects for financing, a Bulgarian parliament committee warned on Sunday.

Alarm spreads over Europe’s massive deficits

The swelling public deficits in Portugal, Spain and Greece have plunged the eurozone into the biggest crisis in its 11-year life, presaging years of belt-tightening, analysts warn.

Britain’s Mandelson says EU failing to lead on banking reform

British Business Secretary Peter Mandelson attacked the European Union on Sunday for failing to provide stronger international leadership on banking reform following the financial crisis.

Iran reports ‘very good’ nuclear talks, UN more muted

Iran's foreign minister said he held "very good" talks Saturday on a possible breakthrough deal on nuclear fuel but the head of the UN atomic watchdog said there were no fresh proposals from Tehran.

US urges EU assembly not to block bank data deal

US National Security Advisor James Jones Saturday appealed to the European Parliament not to block a deal allowing a transatlantic exchange of data considered vital to combat terror financing.