Page-17 of European Union

EU approves 7 Billion Euro Short-Term Loan to Greece

July 18, 2015

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 to pay its debt to European Central Bank (ECB) and the International ..

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

February 18, 2015

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 has a largely ceremonial role and has term a five-year term. In January ..

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

July 22, 2014

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 account information between jurisdictions. To enable automatic exchange of financial account information ..

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Nobel Peace Prize goes to European Union

October 17, 2012

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

July 22, 2012

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

July 11, 2012

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

June 30, 2012

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

June 25, 2012

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

June 10, 2012

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

June 2, 2012

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 hit by the global financial meltdown, growth rate was higher at 6.7%. ..

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