Another Europe News
EU finance chiefs debate strong euro
http://www.euronews.com/ EU finance ministers met in Brussels on Tuesday amid French concern over the strength of the euro.
Paris says the value of the single currency should not be left to the markets.
Officials are also continuing work on a planned banking union.
French Finance Minister Pierre Moscovici said they would plough on with proposals for a Europe-wide deposit guarantee scheme.
He said he had “raised the possibility of directly injecting cash from the ESM” (the eurozone’s permanent bailout fund) into sick banks.
France worries that an overly strong euro will blunt the eurozone’s competitiveness, crippling exports and growth.
The question is whether the European Central Bank would be prepared to make such a drastic intervention amid German fears that would compromise its independence.
Euronews’ Efi Koutsokosta said the EU would aim to strike a series of common positions ahead of a G20 meeting in Moscow.
Finance ministers and central bank governors will meet in the Russian capital from Friday with a so-called currency war at the top of their agenda, she said.
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Another Europe News
Russia faked economic data to appear more resilient to its war and sanctions, intel report says
Russia faked economic data to appear more resilient to its war and sanctions, intel report says Swedish intelligence said Russia …
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Another Europe News
Iranian president says foreign ministry will negotiate with West over nuclear programme
Iranian President Hassan Rouhani has announced that the foreign ministry will handle talks with…
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http://www.euronews.com/2013/09/05/iranian-president-says-foreign-ministry-will-negotiate-with-west-over-nuclear-programme
Iranian President Hassan Rouhani has announced that the foreign ministry will handle talks with world powers on the country’s nuclear programme.
The move appears to be an attempt to improve diplomatic relations after years of what the West has considered a hardline Iranian stance.
There have been indications that Foreign Minister Mohammad Javad Zarif could either lead the negotiating team or appoint another foreign ministry official.
He is seen as a moderate politician and has experience living in and negotiating with the West. Zarif was previously Iran’s envoy to the United Nations.
No date has been set for the resumption of talks between Iran and the group of six western nations on the issue of the country’s nuclear programme. They have demanded that Tehran cease uranium enrichment.
Nuclear expects have said that Rouhani’s move could bring more flexibility from Iran, however warned that a quick deal on the decade-old dispute was unlikely.
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