Current Affairs

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Page-17 of Topic: European Union

EU approves 7 Billion Euro Short-Term Loan to Greece

European Union (EU) has approved a short-term loan of 7.16 billion euros to Greece after it was backed by the 28 member states. This loan will allow Greece...

July 18, 2015

Croatia's first female president Kolinda Grabar-Kitarovic sworn-in

Croatia’s first female President Kolinda Grabar-Kitarovic was sworn in on 15 February 2015. She is Croatia’s fourth president since its independence from Yugoslavia in 1991. The Croatian president...

February 18, 2015

OECD introduces ‘single global standard’ for automatic exchange of financial info

Taking a significant step towards combating the black money menace, the Paris-based Organisation for Economic Co-operation and Development (OECD) unveiled ‘single global standard’ for automatic exchange of financial...

July 22, 2014

Nobel Peace Prize goes to European Union

The European Union (EU) won the Nobel Peace Prize for furthering peace in the continent after World War II. Why this award to EU? The award is given...

October 17, 2012

EIB skeptical about recovery of Eurozone crisis within two years

The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure...

July 22, 2012

EU offers Spain bank financial aid and more time to cut deficit

European Union has offered ailing Spain more time and 30 billion euro to save the country’s banks and protect Europe from more debt crises. EU ministers promised to...

July 11, 2012

European Union to utilize Eurozone’s permanent bailout funds to help troubled banks

The EU leaders have decided to use the Eurozone’s permanent bailout funds to support struggling banks directly, without raising government debt. EU leaders also agreed that bailout funds...

June 30, 2012

Trade b/w India and Germany may go beyond Euro 20 billion

Bilateral trade between India and Germany is projected to touch Euro 20 billion during year 2012, posing a growth of 11 % over the the year 2011. Amongst...

June 25, 2012

Indian GDP to crawl at 6.7% in 2012: UN

The UN hewed down its growth predictions for India for the year 2012 by predicting a 6.7% growth rate rather than a 7.7% rise estimated earlier. UN declared...

June 10, 2012

Q4 GDP growth drops sharply to 5.3%, lowest in 9 years

Yearly economic growth of India dipped to a 9-year low of 5.3% in the January-March 2012 quarter. Even during the 2008-09, the year when India was facing the...

June 2, 2012

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