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European Union

European Union

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Newsday's coverage

  • Romania's government collapses after protests

    that the government put in place in exchange for a 20 billion ($26 billion) loan from the International Monetary Fund , the European Union and the World Bank in 2009, to help pay salaries and pensions after its economy shrank by more than 7 percent.In 2010, 2/6/12 Read more »

  • China bars its airlines from paying EU carbon tax

    the scheme on non-EU airlines," Xinhua quoted a statement by the Civil Aviation Administration of China as saying.The European Union ambassador to Beijing, Markus Ederer, defended the charges as consistent with Europe's efforts to be a "green leader" in curbing 2/6/12 Read more »

  • Hopes of Greek progress shores up markets

    its second bailout package this week. Late Monday, following the agreement by a large majority of countries in the European Union to sign a new treaty designed to stop overspending in the eurozone, Greece's Prime Minister Lucas Papademos indicated that progress   Read more »

  • 25 EU nations to sign treaty to stop overspending

    All European Union countries, except Britain and the Czech Republic, agreed Monday to sign up to a new treaty designed to stop overspending on the eurozone and put an end to the bloc's crippling debt crisis, while also pledging to stimulate growth across t   Read more »

  • Ahmadinejad: Iran ready for new talks

    UN Security Council members plus Germany. Ahmadinejad gave no further details about a potential timetable or venue. The European Union 's foreign policy chief, Catherine Ashton , had welcomed the proposals to restart talks but urged Tehran to bring "some concrete   Read more »

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About European Union

The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe. It was established by the Treaty of Maastricht, which was signed in February 1992 and came into force in November 1993, on the foundations of the pre-existing European Economic Community. With almost 500 million citizens, the EU combined generates an estimated 30% share (US$16.8 trillion in 2007) of the world's nominal gross world product.

from Wikipedia