Gypsies #39; Lives in Limbo After Eviction in Romania
Across Europe, Roma, or Gypsies, are still being stigmatized, despite efforts by the European Union to change that. In Eforie, Romania, more than 100 Roma are still in limbo after their homes...
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Gypsies' Lives in Limbo After Eviction in Romania - Video
ATHENS , Greece, April 23 (UPI) -- Austerity measures by Greece paid off with a budget surplus, drawing praise from the European Union. The EU said Greeces finances, after years of debt and economic stagnation, were ahead of targets agreed to with lenders. The EU executive arm called it a reflection of the remarkable progress that Greece has made in repairing its public finances since 2010.
The country has a current budget surplus of 1.5 billion euros ($2.07 billion), or 0.8 percent of national output.
With the International Monetary Fund and the European Central Bank, the European Union provided a bailout package of over 200 billion euros ($276.29 billion). Greek ministers said years of sacrifice since accepting the bailout have paid off. The austerity measures led to complaints and sporadic acts of violence by Greek citizens.
After these years that were very tough on households and businesses, the country and the economy are in a definitely better position, said Christos Staikouras, deputy finance minister.
The surplus means Greek government revenue now exceeds expenditure, but it was reached by skipping interest payments on existing loans to the government, the cost of recapitalizing the banks and other one-time-only measured.
It also means Greece can begin debt relief talks with its creditors.
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European Union praises Greece for budget surplus
NEW YORK A federal appeals court has revived a lawsuit by the European Union alleging that U.S. tobacco company R.J. Reynolds sponsored cigarette smuggling in Europe.
The 2nd U.S. Circuit Court of Appeals in New York City ruled Wednesday that the European Union and 26 of its member states were within their rights to sue in U.S. courts.
The lawsuit alleges that RJR directed, managed and controlled a global money-laundering scheme with organized crime groups. It said the company laundered money through New York-based financial institutions.
The lawsuit had been tossed out by a Brooklyn judge. But the appeals court says a racketeering law can apply to a foreign enterprise or conduct outside the U.S.
Lawyers did not immediately return messages for comment.
Reynolds American Inc. is based in Winston-Salem, N.C.
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NY federal appeals court restores European Union racketeering lawsuit against R.J. Reynolds
MORGANTOWN - The European Union (E.U.) Ambassador to the United States visited Morgantown to speak on the West Virginia University campus.
Portugal native Joao Vale de Almeida spoke to a capacity crowd of students, faculty and residents about the connections between the United States and the E.U. Almeida's visit was part of the College of Business and Economics Distinguished Speaker Series.
Almeida discussed a growing global society, in which the economies of one country, or one place, are tied to the rest of the world. The Ambassador also took audience questions, many of which focused on the mounting tensions between Russia, the U.S. and the E.U.
The Transatlantic Trade and Investment Partnership (TTIP) was also a topic of discussion. The partnership is currently being negotiated between the U.S. and the E.U., and would remove trade barriers between the two.
Almeida will next visit Governor Earl Ray Tomblin in Charleston. The Ambassador will also meet with state economic development officials, and discuss ways to improve the state's financial position, globally.
Ukraine signs deal with European Union
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