Political News


European Union countries have made significant progress in fiscal policy and governance and active labor market policies, suggesting that important reforms are being implemented across the region, the European Commission said Monday.

Greece-EU-051917.jpg Greece's lawmakers approved a reforms package on Thursday that includes pension cuts and tax hikes as demanded by the country's lenders in return for unlocking another tranche of bailout funds and to start discussions over debt relief. The parliament nod came ahead of the Eurogroup meeting on May 22 when euro area finance ministers would consider disbursement of the bailout funds.

Unity among all EU countries was vital for ensuring a positive outcome of the exit negotiations with the United Kingdom, European Council President Donald Tusk said Wednesday. "Our unity is the most important condition for the positive outcome of the negotiations," Tusk said in a European Parliament...

Centrist candidate Emmanuel Macron has won the French presidential election, defeating far-right candidate Marine Le Pen. Mr Macron won by 66.06% to 33.94% to become, at 39, the country's youngest president. Mr Macron will also become the first president from outside the two traditional main parties...

EU-MichelBarnier-050317.jpg Divorce talks between the European Union and the UK will take time and may be painful, European Commission Chief Brexit Negotiator Michel Barnier said on Wednesday, as he unveiled the EU's draft mandate for Article 50 negotiations. The directives were presented after leaders of the EU27 countries agreed on April 29 the political guidelines to be adopted for the talks.

EU-Greece-020517.jpg Greece reached a deal with its international creditors early Tuesday, on reforms ranging from further cuts to pensions to less tax breaks, thus paving the way for the disbursement of the next tranche of funds from the EUR 86 billion bailout agreed in 2015 and the start of talks on a possible debt relief.

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