Archive for the ‘European Union’ Category

EU draws up 1.3 trillion-euro investment wish list to revive economy

A picture illustration taken with the multiple exposure function of the camera shows a one Euro coin and a map of Europe, January 9, 2013. REUTERS/Kai Pfaffenbach

By Robin Emmott

BRUSSELS (Reuters) - The European Union has drawn up a wish list of almost 2,000 projects worth 1.3 trillion euros (1.02 trillion pounds) for possible inclusion in an investment plan to revive growth and jobs without adding to countries' debts.

Investment has been a casualty of the financial crisis in Europe, tumbling around 20 percent in the euro zone since 2008, according to the European Central Bank.

Following a call by European Commission President Jean-Claude Juncker, EU governments have submitted projects ranging from a new airport terminal in Helsinki to flood defences in Britain, according to a document seen by Reuters.

"Almost 2,000 projects were identified with a total investment cost of 1,300 billion euros of which 500 billion are to be realised within the next three years," said the document, to be discussed by EU finance ministers on Tuesday.

Projects on the list, which officials stress is not definitive, also include housing regeneration in the Netherlands, a new port in Ireland and a 4.5 billion euro fast rail connection between Estonia, Latvia, Lithuania and Poland.

Other job-creating schemes involve refuelling stations for hydrogen fuel cell vehicles in Germany, expanding high-speed broadband networks in Spain and making France public buildings use less energy.

Almost a third of the projects are energy related, another third are focussed on transport and the remainder on innovation, the environment and housing.

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EU draws up 1.3 trillion-euro investment wish list to revive economy

European Union withholding tax – Video


European Union withholding tax
The so-called European Union withholding tax is a withholding tax which is deducted from interest earned by European Union residents on their investments mad...

By: Audiopedia

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European Union withholding tax - Video

Study at USW: Q&A session for students from the European Union – Video


Study at USW: Q A session for students from the European Union
Join our live Question Answer session on Monday, 8 December to find out why University of South Wales is a popular UK study destination. Our EU Recruitment Officers, Nadia and Gemma will...

By: University of South Wales

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Study at USW: Q&A session for students from the European Union - Video

MSc EU Politics – Video


MSc EU Politics
Professor Kevin Featherstone of the European Institute talks about the Master #39;s programme in EU Politics (formerly Politics and Government in the European Union). For further information please...

By: London School of Economics and Political Science (LSE)

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MSc EU Politics - Video

European Union calls on Russia to let Bosnia join the bloc

December 6, 2014 - 11:43 AMT

PanARMENIAN.Net - The European Union urged Russia on Friday, Dec 5 to leave the Balkans out of its dispute with the bloc over Ukraine, and let the region proceed on its path toward EU and NATO memberships, according to the Associated Press.

Moscow has said that because of its strained relations with the West, it no longer supports Bosnia's membership efforts and that there is no consensus in Bosnia over the issue.

The country's Bosniacs and Croats tend to look westward, but Bosnian Serbs maintain close ties with Russia, object NATO membership and have obstructed EU-requested reforms.

After meetings on Friday with Bosnia's leaders in Sarajevo, Federica Mogherini, the European Union's chief foreign affairs official, said her overall impression is that "the people of Bosnia-Herzegovina are more than ready to have the country moving toward the European Union," and that Russia's disputes with the EU should not interfere with this process.

There are "tensions" between Europe and Russia, she said, but both sides should "find ways of cooperation and not confrontation."

"And for sure it would be a good idea to keep the western Balkans out of this kind of dynamics," Mogherini added.

For the first time in 14 years, Russia last month abstained from the vote when the UN Security Council extended the mandate of the EU-led military presence in Bosnia because the declaration mentioned the country's European and NATO future too often.

"We did not want the resolution to be used as an instrument to advance objectives that we were not part of and that is Bosnia-Herzegovina becoming part of NATO," or the European Union, Russia's ambassador to Bosnia, Petr Ivancov, told the Associated Press in an interview. Bosnians should decide themselves, but "there is clearly a lack of consensus in Bosnia-Herzegovina with regard to its Euro-Atlantic future," he said.

Mogherini denied those claims and said all of Bosnia's political leaders on Friday showed the political will to proceed with the EU reforms.

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European Union calls on Russia to let Bosnia join the bloc