Belgium

EU deadlocked over 5-billion-euro stimulus plan

EU deadlocked over 5-billion-euro stimulus plan Brussels - European Union foreign ministers hit a deadlock Monday over a plan to spend 5 billion euros (6.5 billion dollars) in community funds on energy and high-tech projects to boost the economy, diplomatic sources said.

The failure to agree sets up a political flashpoint just days before EU leaders are set to meet in Brussels for a summit aimed at lifting Europe out of economic crisis.

EU to lengthen its stick and carrot for Belarus

EU to lengthen its stick and carrot for Belarus Brussels - European Union foreign ministers were set Monday to lengthen both the carrot and the stick they use to deal with Belarus in a bid to improve the country's human-rights record and stop it from recognizing two breakaway Georgian areas.

"For 12 years we tried the policy of sanctions and we saw where it took us: basically nowhere. Now for one year we've tried to open up a little bit ... there have been some improvements but we're not there yet," Finnish Foreign Minister Alexander Stubb said.

European Union expresses concern over Pak’s political chaos

European Union expresses concern over Pak’s political chaosBrussels, Mar. 14 : The continuous spate of political confrontation in Pakistan has further attracted the attention of the international community, with the European Union (EU) now expressing serious concerns over the issue.

"We voiced serious concern at the current political instability in Pakistan," The Dawn quoted a senior EU diplomat, as saying.

EU split over Belarus sanctions, diplomats say

EU split over Belarus sanctions, diplomats sayBrussels - The European Union was on Friday split over the question of whether or not to renew sanctions against Belarus, six months after it froze them, EU diplomats said.

The row comes as the bloc is pushing to increase its influence in the former Soviet Union to counter Moscow's growing assertiveness in the region.

EU to probe Dexia bank restructuring plan

EU to probe Dexia bank restructuring plan Brussels - The European Union's executive on Friday launched a probe into a plan to rebuild fallen Belgian banking giant Dexia, which in September received a multi-billion-dollar bail-out from the Belgian, French and Luxembourg governments.

"We cannot reach a favourable conclusion at this stage on the plans submitted to us. We therefore have to study them in depth," EU Competition Commissioner Neelie Kroes said in a statement.

Brussels to host high-level talks on GM's European subsidiaries

Brussels to host high-level talks on GM's European subsidiaries Brussels - The European Union's executive body is to host on Friday high-level talks between representatives of General Motors (GM) and politicians from EU states where GM has subsidiaries, in a bid to defuse the growing crisis over GM's financial troubles.

GM's chief operating officer, Fritz Henderson, and the head of its European division, Carl Peter Forster, are to hold talks with the EU's industry, competition and employment commissioners, officials in Brussels confirmed.

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