High representative Mogherini at the Iran nuclear talks: Group photo
Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy, with foreign ministers in Lausanne for a group photo after the Iran Talks.
By: European External Action Service (EEAS)
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High representative Mogherini at the Iran nuclear talks: Group photo - Video
Iran slams EU move to re-impose sanctions
Iran has criticized the European Union #39;s decision to re-impose sanctions on the country #39;s Bank Tejarat and 32 shipping companies. Foreign Ministry Spokesperson Marziyeh Afkham called the move...
By: PressTV News Videos
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Iran slams EU move to re-impose sanctions - Video
FEBEA interviews STEFANO SOLARI. 8) Social Economy, Solidarity and European Union economic policies
Stefano Solari is Professor of Political Economy, Economy of Institutions, Business Administration and Public Finance at universities of Padova, Treviso and Venezia, Italy. He holds a PhD from...
By: FEBEA AISBL
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FEBEA interviews STEFANO SOLARI. 8) Social Economy, Solidarity and European Union economic policies - Video
New Delhi (dpa) - The European Union is Indias largest trading partner, accounting for 20 per cent of Indias trade.
Prime Minister Narendra Modis maiden trip to France and Germany is aimed at increasing investment in India as well as creating business for European industries.
Indias main trading partners in the EU are France, Germany and Britain.
Here are some statistics that illustrate the extent of trade relations between India and the European Union:
- The value of EU-India trade grew from 28.6 billion euros (about 30 billion dollars) in 2003 to 72.7 billion euros in 2013, according to data from the European Commission;
- EU investment stock in India has grown substantially, reaching 41.8 billion euros in 2012;
- Trade in commercial services quadrupled in the past decade, increasing from 5.2 billion euros in 2002 to 22.7 billion euros in 2012;
- Germany is Indias largest trading partner in Europe and total bilateral trade between the two countries was valued at 16.08 billion euro in 2013, a decline of 2.08 per cent compared to the previous year;
- Total German foreign direct investment in India was valued at 7.57 billion dollars in the period from 1991 through September 2014, according to Indias Ministry for External Affairs;
- There are more than 1,600 Indo-German business collaborations and 600 Indo-German joint ventures in operation;
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BACKGROUND India's trade relations with the European Union, France and Germany
Greek Finance Minister Yanis Varoufakis has called on the European Union to reform its institutions and use the EIB to boost investment in Greece. He believes the EU should address the structural inequalities that plague its weakest members. EurActiv France reports.
The annual forum of the Institute for New Economic Thinking on 9 April provided a hospitable stage for Yanis Varoufakis to explicate his vision of economic theory, and the European economy. The government minister, and professor of economics, found himself the centre of attention at the Paris forum, and took the time to explain his strategy in detail, as a crucial payment deadline loomed over his country's finances.
"Few finance ministers have such a talent for economics as Yanis Varoufakis," the Nobel Prize winner Joseph Stiglitz acknowledged, before asking him questions on the reasons behind Europe's economic deadlock.
Founding fathers to blame for lack of eurozone integration
"I believe we have to put an end to the divided eurozone and aim towards greater consolidation. We must change this process of pitting one nation against another, and renew the momentum of integration and unification," the new minister said. He added that he would not be there talking about the Greek crisis if the EU had been federalised.
Yanis Varoufakis blames the EUs incomplete federal integration on the fact that its founding fathers, including the pillars of European politics Franois Mitterrand and Helmut Kohl, did not believe in their power to create a United States of Europe. They established an economic and monetary union in the hope that cooperation between the states would get closer over time, and they thought the political union would come about naturally in a time of crisis.
"But the opposite has happened. The crisis that hit Europe means that it is now more difficult to convince the states to move forward. The crisis did not bring us together, but pulled us apart. If we tried to form a United States of Europe today, we would fail. But I think we need to modify the treaties and try to change this situation," the professor said.
How would the federation have responded?
The Greek finance minister argued that a federal Europe would have reacted differently to the crisis, which brought about debt, the collapse of the banking system, under-investment, and an explosion of poverty.
He said that member states' debts were preventing them from making the investments necessary for their future, but that strategic interventions from the European Investment Bank (EIB) could help.
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Varoufakis steals the show at economic forum