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Mexico Wants to “Deepen” Trade Relations with European Union

The Mexican government plans to "deepen" its trade relations with the European Union this year via negotiations set to start in a few months, Economy Secretary Ildefonso Guajardo said. continue reading »

EU Approves $13 Billion Bailout for Cyprus

Eurozone economy and finance ministers on Saturday hammered out a bailout deal of up to 10 billion euros ($13 billion) for Cyprus, the region's smallest economy. continue reading »

EU Approves Stricter Controls on Meat in Light of Horsemeat Scandal

The European Union on Friday approved tighter controls on beef within its member states to determine the extent to which horsemeat is being fraudulently labeled as beef and sold to consumers. continue reading »

Milos Zeman Wins First Direct Presidential Election in Czech Republic

Milos Zeman, a leftist former prime minister, has won the Czech Republic's first direct presidential election. The 68-year-old Zeman, head of the Czech government from 1998 to 2002, garnered 54 percent of the vote for a comfortable victory over Foreign Minister Karel Schwarzenberg, who received 45 percent of the ballots. continue reading »

Spanish Firms Less Innovative than European Counterparts

Within the European Union, Spanish firms are among the least involved in innovation cooperation with institutions or companies based elsewhere in the region, the EU's statistics agency said Friday. continue reading »

EU Must Adopt Minimum Wage, Says Eurogroup

The EU should adopt a minimum wage and other measures of solidarity to ensure that the European Union's "social dimension" does not disappear amid a bloc-wide austerity drive, Eurogroup President Jean-Claude Juncker said Thursday. continue reading »

Brazilian President Questions EU’s Austerity Plan

Confidence in a country's economy "is not built solely on the sacrifices" of its citizens, Brazilian President Dilma Rousseff said Saturday, adding that austerity "has its limits." continue reading »

Report: Europeans Consuming Less Heroin, Cocaine

The European Union is observing signs of the stabilization and even a drop in cocaine and heroin consumption, but it warns about the proliferation of new synthetic drugs. This is the general panorama presented by the European Monitoring Center for Drugs and Drug Addiction, or EMCDDA, in its annual report for 2012, which was released Thursday in Lisbon. continue reading »

EU, Latin America End 20 Year “Banana War”

Officials from the European Union and 11 Latin American nations gathered here Thursday at the headquarters of the World Trade Organization to sign a pact ending a two-decade-long dispute over banana tariffs. continue reading »

European Union Wins 2012 Nobel Peace Prize

The European Union has been awarded the Nobel Peace Prize, the Norwegian Nobel Committee announced Friday. The EU has transformed most of Europe "from a continent of wars to a continent of peace," committee Chairman Thorbjoern Jagland said in Oslo. continue reading »

Much Uncertainty About Spanish Bailout

The Spanish stock market rallied Monday on news that the European Union will lend Madrid up to 100 billion euros ($125.2 billion) to shore up the Iberian nation's troubled financial sector continue reading »

Brazil and European Union Sign Historic Aviation Agreement

As President Obama visits Brazil and attempts to garner jobs for the U.S. through trade, Brazil and the European Union (EU) announced a breakthrough agreement on aviation. continue reading »