Daily News Channel
May 1 marks five years since the European Union opened up to bring former eastern bloc countries into its fold, taking it to 27 members. But instead of fanfare and fireworks, the mood is muted in New Europe and among the E.U.’s veterans. The post-1989 boom in central and eastern Europe — when new E.U
European leaders have agreed to make $100 billion available to the International Monetary Fund and ?50 billion ($68 billion) to eastern European countries, British Prime Minister Gordon Brown said Friday. The lending means Europe has “laid the foundations” for the G-20 summit in London in two weeks, Brown told a news conference in Brussels after a European Council summit
Meeting in Brussels for a long Sunday lunch, European Union leaders were supposed to clear the air after weeks of jibes, sneers and slurs over who is to blame for the economic crisis. But after a three-hour meal of goat cheese, beef stew and apple crumble, they emerged as ratty as ever, barely concealing their long-standing gripes and graphically revealing how far the E.U. is from any coordinated response to the downturn