Page-28 of European Union

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 to EU in acknowledgment to its past as well as continuing efforts ..

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 on the European member state to settle the situation will remain for ..

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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 provide the funds with 100 billion euro ($123 billion) potentially available in ..

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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 could be utilized to stabilize financial markets, which implies buying government debts ..

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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 the EU, Germany is India’s leading trade partner . Around 150 German ..

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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 Eurozone Debt Crisis as the biggest threat to the world economy. As ..

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